What does 'FYE' mean throughout Item 20 of the Big O Tires FDD?

According to the 2025 Big O Tires Franchise Disclosure Document, "FYE" means fiscal year ended throughout Item 20. The specific fiscal years referenced are the 12-month periods ending March 31, 2023, March 31, 2024, and March 31, 2025. This definition is crucial for understanding the data presented in Item 20, which covers various aspects of the Big O Tires franchise system over these three fiscal years.

For a prospective Big O Tires franchisee, understanding the FYE is essential for interpreting the historical data provided in Item 20. This includes information on outlet openings, terminations, transfers, and other changes in the franchise network. By knowing that the data is presented according to the fiscal years ending in March, franchisees can accurately assess the trends and performance of the Big O Tires system.

The use of a consistent FYE allows potential franchisees to compare data across different years and states, providing a clearer picture of the franchise's growth and stability. For example, when reviewing tables detailing outlet changes, a franchisee can see how many outlets opened or closed in a particular state during each FYE period, helping them evaluate the market dynamics and potential risks associated with that location. This information is vital for making informed decisions about where to invest and operate a Big O Tires franchise.