How does Buff City Soap define its fiscal year?
Buff_City_Soap Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company's fiscal year is composed of the 52 or 53 weeks ending on the Sunday closest to the last day of December 31. Fiscal year 2024 consisted of the 52 weeks ended on December 29, 2024 ("fiscal 2024"). Fiscal year 2023 consisted of the 52 weeks ended on December 31, 2023 ("fiscal 2023"). Fiscal year 2022 consisted of the 52 weeks ended on January 1, 2023 ("fiscal 2022").
Source: Item 6 — , Securities Offering Fee, in the amount column is revised to state the following: (FDD pages 216–303)
What This Means (2025 FDD)
According to the 2025 FDD, Buff City Soap defines its fiscal year as comprising either 52 or 53 weeks. The year concludes on the Sunday closest to December 31.
For example, fiscal year 2024 consisted of the 52 weeks ending on December 29, 2024. Fiscal year 2023 also consisted of 52 weeks, ending on December 31, 2023. Fiscal year 2022 consisted of 52 weeks, but ended on January 1, 2023.
This definition is important for prospective Buff City Soap franchisees because it dictates the periods for which financial performance is measured and reported. Understanding the fiscal year-end helps in comparing year-over-year financial data and assessing the overall financial health and trends of the franchise. The slight variation in the end date (the Sunday closest to December 31) is a common accounting practice to simplify the tracking of weekly sales and expenses.