When does Buona's fiscal year typically end?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
FISCAL YEAR:
The Company maintains a fiscal year ending on the Sunday nearest to December 31 of each year. The 2024 fiscal year ended on December 29, 2024 and consisted of 52 weeks. The 2023 fiscal year ended on December 31, 2023 and consisted of 52 weeks.
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 ends on the Sunday nearest to December 31 of each year. For example, the 2024 fiscal year concluded on December 29, 2024, and the 2023 fiscal year ended on December 31, 2023. Both of these fiscal years consisted of 52 weeks.
This information is relevant for prospective Buona franchisees because it provides insight into the financial reporting periods used by the company. Understanding the fiscal year-end can be important for comparing financial performance across different years and for aligning a franchisee's own accounting practices with those of the franchisor.
It's worth noting that while Buona aims to end its fiscal year close to December 31, the specific date may vary slightly from year to year due to the "Sunday nearest to December 31" rule. Franchisees should keep this in mind when reviewing financial statements and planning their own business operations.