Are the Best Western financial statements presented on a November 30 year-end?

According to Best Western's 2025 Franchise Disclosure Document, the company's consolidated financial statements are presented on a November 30 year-end. The independent auditor's report included in the FDD covers the consolidated statements of financial position as of November 30, 2024 and 2023, as well as the related statements of revenues and expenses, other comprehensive revenues and expenses, cash flows, and changes in net assets for the years then ended. This indicates that Best Western consistently uses November 30 as the end date for its fiscal year.

For a prospective Best Western franchisee, this means that the financial data provided in the FDD reflects the company's performance up to November 30 of the stated years. Franchisees can use this information to assess the financial health and stability of Best Western. Understanding the fiscal year-end is important for interpreting the financial statements accurately and comparing them to previous years or industry benchmarks.

Additionally, the FDD states that within 90 days after the close of the corporation's fiscal year, a financial statement, including the balance sheet and profit and loss statement for the preceding fiscal year, must be furnished to each member. This statement must be certified by an independent certified public accountant. This ensures that Best Western members receive timely and audited financial information to help them make informed decisions.

Overall, the consistent use of a November 30 year-end for financial reporting provides transparency and allows Best Western and its members to track financial performance and plan strategically. Prospective franchisees should pay attention to these dates when reviewing the financial statements and consider how the timing of the fiscal year-end might impact their own financial planning and analysis.