Which page features the Consolidated Statement of Changes in Stockholder's Equity for Carbones Pizzeria?

According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the Consolidated Statement of Changes in Stockholder's Equity for the year ended October 31, 2023, is located on a page denoted by an image placeholder. Specifically, the image placeholder is named "_page_82_Picture_0.jpeg".

This statement is a key financial document that provides a detailed overview of all changes in the company's equity over the specified period. It reconciles the beginning and ending equity balances, outlining changes due to net income, dividends, stock issuances, and repurchases, among other factors. For a prospective franchisee, this statement offers insights into the financial stability and capital structure of Carbones Pizzeria.

Understanding the changes in stockholder's equity can help a franchisee assess the financial decisions and overall financial health of the franchisor. Reviewing this statement in conjunction with other financial statements, such as the balance sheet and income statement, provides a comprehensive view of the company's financial performance and position.