factual

How many weeks were in Buona's fiscal year that ended on December 29, 2024?

Buona Franchise · 2025 FDD

Answer 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 company's fiscal year ended on December 29, 2024. While the document does not explicitly state the number of weeks in the fiscal year, it is standard accounting practice for companies to have either a 52-week or 53-week fiscal year. The excerpts provided from Buona's FDD indicate that their fiscal year ends on the last Sunday of December, which is a common method for ensuring each fiscal year includes a complete number of weeks.

Given that Buona's fiscal year ended on December 29, 2024, a Sunday, it is highly likely that the fiscal year consisted of either 52 or 53 weeks. The slight difference in ending dates (December 29, 2024, versus December 31, 2023) suggests that Buona may operate on a 52/53 week year where the end date fluctuates to align with the end of a week.

To confirm the exact number of weeks in Buona's fiscal year, a prospective franchisee should directly ask the franchisor for clarification. Understanding the fiscal year structure is important for interpreting financial statements and understanding sales reporting requirements.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.