What was the income (loss) before income taxes for Budget in the United States in 2023?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| Income (loss) before income taxes is comprised of the following: | 2024 | Year Ended December 31, | 2022 | |
|---|---|---|---|---|
| United States (U.S.) | $ (2,642) | $ 1,418 | $ | 3,114 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the income before income taxes in the United States for the year ended December 31, 2023, was $1,418. This figure represents the earnings generated by Budget's U.S. operations before accounting for income taxes. Understanding this pre-tax income is crucial for potential franchisees as it provides insight into the profitability of Budget's business model within the U.S. market.
It's important to note that this income figure does not reflect the net income after taxes, nor does it include any potential income or losses from foreign operations. A prospective franchisee should consider this number in conjunction with other financial metrics provided in the FDD, such as revenue, expenses, and net income, to gain a comprehensive understanding of Budget's financial performance. Additionally, it is advisable to compare these figures with industry benchmarks to assess Budget's relative performance.
Furthermore, the FDD also presents the income (loss) before income taxes for 2024 and 2022, which were $(2,642) and $3,114 respectively. Reviewing these figures over a three-year period can help identify trends and assess the stability of Budget's earnings. A potential franchisee should investigate any significant fluctuations in income and understand the underlying factors contributing to these changes. This information, combined with thorough due diligence, will assist in making an informed investment decision.