What is Buona's fiscal year end date defined as?

According to Buona's 2025 Franchise Disclosure Document, their fiscal year ends on the Sunday nearest to December 31st each year. This definition is important for franchisees as it dictates the period for which Buona reports its financial performance, including the financial statements provided in the FDD.

Understanding Buona's fiscal year-end is crucial for interpreting the financial data presented in Item 19 (Financial Performance Representations) and Item 21 (Financial Statements) of the FDD. These items provide historical financial results for affiliate-owned Buona restaurants, which can help prospective franchisees estimate potential revenues and expenses. The consistency of the fiscal year-end ensures that financial data across different periods is comparable.

For a prospective franchisee, this means that when reviewing financial statements or performance data, they should be aware that the figures represent the period ending on the Sunday closest to December 31st. This is a fairly common practice, as many businesses align their fiscal year with the calendar year for ease of accounting and tax reporting. Franchisees should confirm with Buona if any changes to this fiscal year-end are planned, as this could impact financial reporting and comparisons in the future.