What is the unit of measurement for shares in the EPS computation table for Budget?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
The following table sets forth the computation of basic and diluted earnings (loss) per share ("EPS") (shares in millions):
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the unit of measurement for shares in the Earnings Per Share (EPS) computation table is in millions. This means that any share values presented in the table are represented in millions of shares, not individual shares.
For a prospective Budget franchisee, this detail is important for understanding the scale of Budget's financial reporting. When reviewing the EPS figures, it's crucial to remember that the numbers represent millions of shares, providing a more accurate perspective on the company's equity structure and earnings distribution.
For example, if the table lists "137.1" shares, it actually refers to 137.1 million shares. This understanding is essential for accurately interpreting Budget's financial performance and making informed decisions as a franchisee. Ignoring this detail could lead to a significant misinterpretation of the company's financial health and stability.