What is the ending date for the period covered by the unaudited financial statements for Buff City Soap?
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 21 — Financial Statements (FDD page 69)
What This Means (2025 FDD)
According to the 2025 Buff City Soap Franchise Disclosure Document, the company's fiscal year is composed of either 52 or 53 weeks, concluding on the Sunday nearest to December 31. Specifically, the financial statements included in the FDD cover operations up to December 29, 2024, December 31, 2023, and January 1, 2023.
For a prospective Buff City Soap franchisee, this means the provided financial data offers a view of the company's performance over the past three fiscal years. The varying end dates (December 29, December 31, January 1) reflect the company's policy of aligning its fiscal year-end with the Sunday closest to December 31, which can shift the final reporting date slightly from year to year.
Understanding the fiscal year-end is important for analyzing Buff City Soap's financial performance and comparing it to other franchises or businesses. Franchisees should pay attention to how these dates might affect year-over-year comparisons, especially when evaluating trends in revenue, expenses, and profitability. Additionally, the FDD notes that amounts within the Notes to Financial Statements are presented in thousands unless otherwise specified.