What years are covered in the geographic financial information provided for Benihana?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
Certain financial information by geographic location relating to the years ended December 31, 2023 and 2022 is provided below (in thousands).
Certain financial information by geographic location relating to the years ended December 31, 2022 and 2021 is provided below (in thousands).
Certain financial information relating to the years ended December 31, 2021 and 2020 for each segment is provided below (in thousands). Prior year amounts for the STK and ONE Hospitality segments have been revised to conform to the current year segment presentation.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the geographic financial information includes data from multiple years. Note 13 provides information for the years ended December 31, 2023, and 2022. Note 14 includes data for the years ended December 31, 2022, and 2021. Additionally, financial information relating to the years ended December 31, 2021, and 2020 is provided for each segment.
Prospective franchisees can use this geographic financial data to understand revenue and expenses in different locations. Reviewing trends over several years can help assess market stability and growth potential.
It is important to note that prior year amounts for the STK and ONE Hospitality segments have been revised to conform to the current year segment presentation, which could affect year-over-year comparisons. Franchisees should carefully examine these revisions to understand the true performance trends.