For Carbones Pizzeria, what fiscal year are the consolidated financial statements as of and for?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
Fiscal Year
The Company's fiscal year is October 31.
M & T PIZZA INCORPORATED AND SUBSIDIARIES Notes to Consolidated Financial Statements For the Year Ended October 31, 2024
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the company's fiscal year ends on October 31. The notes to the consolidated financial statements included in the FDD are for the year ended October 31, 2024. This means that the financial performance and position of Carbones Pizzeria are reported up to this date.
For a prospective franchisee, this is important because it provides a snapshot of the company's recent financial health. Reviewing these statements allows potential franchisees to understand the revenues, expenses, assets, and liabilities of Carbones Pizzeria. This information can be used to assess the financial stability and performance of the company.
Understanding the fiscal year-end is also crucial for comparing financial data across different periods. By knowing that Carbones Pizzeria's fiscal year concludes on October 31, a franchisee can accurately compare financial statements from previous years to identify trends and evaluate the company's growth and profitability over time. This knowledge aids in making informed decisions about investing in a Carbones Pizzeria franchise.