When does the fiscal year end for Brightstar Care, according to the FDD?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company's fiscal year ends on the nearest Sunday to December 31. There were 52 weeks included in the years ended December 29, 2024 and December 31, 2023.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 117)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the company's fiscal year ends on the nearest Sunday to December 31. For example, the fiscal years ended on December 29, 2024, and December 31, 2023. This is important for franchisees to understand because the financial statements provided in the FDD are based on this fiscal year.
Understanding the fiscal year-end is crucial for interpreting Brightstar Care's financial performance data accurately. Prospective franchisees should note that the company's financial results, as presented in the FDD, reflect operations up to the Sunday closest to December 31 of each year. This can affect how revenue, expenses, and other financial metrics are reported and compared across different periods.
It is common for franchise systems to operate on a standard fiscal year, but the specific end date can vary. Brightstar Care's approach of ending its fiscal year on the nearest Sunday to December 31 is not unusual, as it allows the company to align its reporting with the end of the calendar year while also accommodating for the variability of the calendar. Franchisees should keep this in mind when reviewing the financial statements and comparing them to their own business operations.