What fiscal year is referenced for the Gross Sales information for Bojangles Express Restaurants?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
cumstances.
I. FINANCIAL PERFORMANCE REPRESENTATIONS
The following tables reflect information about the past financial performance of franchised and company-operated full-size traditional Bojangles restaurants ("Full-Size Restaurants") with the Bone-In Chicken Menu that were operated continuously for the period from January 1, 2024 to December 29, 2024 ("Fiscal Year 2024"), franchised and company-operated Full-Size Restaurants with the Boneless Chicken Only Menu for the period from April 1, 2024 to March 30, 2025, and franchised and company-operated Express Restaurants that were operated continuously for Fiscal Year 2024, which includes 52 weeks. The system-wide Gross Sales of all franchised and company-operated Restaurants for Fiscal Year 2024 were $1,881,267,863.
Annual sales shown for franchised Restaurants may be based on our fiscal calendar or calendar months depending on how a particular franchisee has reported sales.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 63–77)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the financial performance representations for Express Restaurants are based on Fiscal Year 2024. Specifically, the provided tables (H, I, and J) detail the gross sales range of Express Restaurants by state, a summary of gross sales ranges by percentage, and the average gross sales, all for Fiscal Year 2024. This fiscal year is defined as the period from January 1, 2024, to December 29, 2024, encompassing 52 weeks.
It is important to note that Bojangles excluded certain Express Restaurants from these calculations. These exclusions include restaurants that were not open for a full year, those temporarily closed for remodeling, seasonal operations at non-traditional venues, and concession operations in venues with limited hours. This suggests that the financial performance data is based on a subset of Express Restaurants that operated under normal conditions for the entire fiscal year.
Prospective franchisees should consider that the gross sales information provided is historical and may not be indicative of future performance. Bojangles explicitly states that a new franchisee's individual financial results may differ from the stated representations. Factors such as location, management capabilities, and local market conditions can significantly impact a restaurant's financial performance. Therefore, while the data provides a benchmark, it should not be the sole basis for investment decisions.
Bojangles also clarifies that "Gross Sales" include revenue received by the restaurant, excluding sales tax and non-cash discounts. This definition provides a clear understanding of what constitutes gross sales for the purpose of these financial performance representations. Franchisees should consult with their own financial advisors to analyze and budget for their restaurant's revenues and expenses, taking into account the specific characteristics of their location and operations.