Are the financial statements for Bimbo Foods Bakeries Distribution in Exhibit K-2 audited?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
This Exhibit K-2 contains the unaudited financial statements of Grupo Bimbo for the first quarter of fiscal year 2025. THESE FINANCIAL STATEMENTS WERE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAS AUDITED THESE FIGURES OR EXPRESSED THEIR OPINION WITH REGARD TO THE CONTENT OR FORM.
Source: Item 14 — Other Accounts Payable and Accrued Liabilities (FDD pages 312–476)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements of Grupo Bimbo in Exhibit K-2 are unaudited. The document explicitly states that the financial statements for the first quarter of fiscal year 2025 were prepared without an audit.
This means that an independent certified public accountant has not reviewed the figures to ensure they are accurate and comply with accounting standards. Prospective franchisees should be aware that there is no independent verification of the financial data presented.
Bimbo Foods Bakeries Distribution advises potential franchisees or sellers of franchises that no certified public accountant has audited these figures or expressed their opinion regarding the content or form of the financial statements. This lack of independent audit increases the risk that the financial information may not be entirely accurate or complete, which could impact a franchisee's assessment of the financial health of Grupo Bimbo.