When did Buona's 2022 fiscal year end?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
DECEMBER 31, 2023 AND JANUARY 1, 2023 FOR THE FISCAL YEARS ENDED STATEMENTS OF CASH FLOWS CHICAGO'S ORIGINAL ITALIAN BEEF FRANCHISING LLC
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the company's fiscal year ended on January 1, 2023. This date is relevant because the FDD includes financial statements and other data reported on a fiscal year basis.
Understanding the fiscal year-end is important for prospective franchisees as it provides context for interpreting the financial performance data presented in the FDD. For example, revenue, expenses, and profits are all reported for specific fiscal years, and knowing the end date helps in comparing performance across different periods.
It is worth noting that the fiscal year-end date can sometimes differ from the calendar year-end. In Buona's case, the fiscal year ended on January 1, 2023, which means that the financial data for 2022 actually covers the period ending on that date. This is a common practice, but franchisees should always confirm the exact period covered by the financial statements to ensure accurate analysis.