Through what date did Bojangles evaluate all subsequent events in preparing its consolidated financial statements?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
In preparing its financial statements, the Company evaluated all subsequent events through April 15, 2025, which is the date the financial statements were available to be issued. All subsequent events requiring recognition and disclosure have been incorporated into these financial statements.
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the company evaluated all subsequent events through April 15, 2025, while preparing its consolidated financial statements. This date is also identified as the date the consolidated financial statements were available to be issued. Subsequent events requiring recognition and disclosure were incorporated into these consolidated financial statements.
This means that Bojangles considered events that occurred after their fiscal year-end (December 29, 2024) up to April 15, 2025, to ensure the financial statements accurately reflected the company's financial position. These events could include anything that would materially affect the company's assets, liabilities, equity, income, or cash flows.
For a prospective franchisee, this indicates that the financial information provided in the FDD has been updated to include significant events occurring in the first few months of 2025. This provides a more current and complete picture of Bojangles's financial health and stability.