When does Buona's fiscal year end?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
DECEMBER 29, 2024 AND DECEMBER 31, 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 fiscal year ended on December 29, 2024, and December 31, 2023, for the statements of operations for Chicago's Original Italian Beef Franchising LLC. This means that Buona tracks its financial performance and reporting on a calendar year basis, with the end of the fiscal year falling either on December 29 or December 31.
For a prospective franchisee, understanding Buona's fiscal year-end is important for several reasons. It sets the timeline for financial reporting, including income statements, balance sheets, and cash flow statements. Franchisees can use this information to benchmark their performance against previous years and understand the overall financial health of the company. Additionally, it helps franchisees align their own accounting practices with Buona's reporting schedule.
It's worth noting that the fiscal year-end date can vary slightly from year to year (e.g., December 29 vs. December 31). While this variation is minor, franchisees should be aware of the specific fiscal year-end date for each reporting period to ensure accurate financial analysis and comparisons. This information is typically available in the financial statements provided within the FDD or through direct communication with Buona's finance department.