What is the time period on which the Batteries Plus Bulbs financial performance representations are based?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
The information below is based on performance during the period from January 1, 2024 through December 31, 2024 ("2024 Fiscal Year"). Information for franchise-owned Stores has been taken from their respective Retail Store Management systems. We have not audited or verified these reports nor have we asked questions of the submitting franchisees to determine whether they are in fact accurate and complete, although we have no information or other reason to believe that they are unreliable. We do not know whether the information was prepared consistent with generally accepted accounting principles.
Source: Item 19 — Financial Performance Representations (FDD pages 53–70)
What This Means (2025 FDD)
According to the 2025 Batteries Plus Bulbs Franchise Disclosure Document, the financial performance representations are based on the period from January 1, 2024, through December 31, 2024, which they refer to as the "2024 Fiscal Year." The Item 19 disclosures include data from both franchised and company-owned stores.
The financial data from franchise-owned stores has been taken from their Retail Store Management systems. Batteries Plus Bulbs states that they have not audited or verified these reports, nor have they asked questions of the submitting franchisees to determine whether they are accurate and complete. However, Batteries Plus Bulbs also states that they have no information or other reason to believe that the reports are unreliable. They also do not know whether the information was prepared consistent with generally accepted accounting principles.
The financial performance representations include information such as average merchandise margin, net revenue percentage increase, percentage of net revenue by customer type, statements of net revenue, expenses, and EBITDA. The data is further broken down by store performance, such as quartile and thirds, and also includes data for commercial sales-focused stores. This detailed breakdown allows prospective franchisees to analyze the potential financial performance of different types of Batteries Plus Bulbs stores.