On what date did Black Bear Diner's fiscal year end in 2024?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
Fiscal Year: The Company utilizes a 52/53-week fiscal year ending on the last Wednesday prior to December 31. The Company's financial statements reflect accounts and balances as of and for the fiscal years ended December 25, 2024 and December 27, 2023, which both contained 52 weeks.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 55)
What This Means (2025 FDD)
According to Black Bear Diner's 2025 Franchise Disclosure Document, the company's fiscal year ends on the last Wednesday prior to December 31. Specifically, the fiscal year 2024 ended on December 25, 2024, and contained 52 weeks.
Black Bear Diner utilizes this 52/53-week fiscal year for its financial reporting. This means that the end of their fiscal year can fluctuate slightly from year to year, always landing on that last Wednesday before December 31. This is a fairly common accounting practice, particularly in retail and restaurant businesses, as it allows for a consistent comparison of weekly sales data across different periods.
For a prospective franchisee, understanding Black Bear Diner's fiscal year-end is important for interpreting the financial performance representations provided in the FDD. All financial data, such as gross sales and expenses, are reported based on these fiscal years. Therefore, when reviewing the historical financial performance of company-affiliated and franchised restaurants, it's crucial to keep in mind that these figures are calculated up to December 25th for 2024.