What was the treasury stock amount for Carbones Pizzeria as of October 31, 2023?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net income | $ 179,901 |
M&T PIZZA INCORPORATED AND SUBSIDIARIES Consolidated Statement of Changes in Stockholder's Equity For the Year Ended October 31, 2023
| Commo Shares | on Stock Amount | Common Stock nares Amount | Retained Earnings | Treasury stock | Total Equity | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, October 31, 2022 | 2,500 | $ | 2,500 | $ 266,117 | $ | 707,489 | $ |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the treasury stock amount as of October 31, 2023, was ($34,556). This indicates a reduction in equity, as treasury stock represents shares that the company has repurchased from the open market.
For a prospective franchisee, this figure is part of the overall financial health assessment of Carbones Pizzeria. Treasury stock can be used for various corporate purposes, such as employee stock options or re-issuance for acquisitions. The amount of treasury stock can fluctuate, reflecting the company's decisions to buy back or reissue its shares.
It's important to note that this amount is a snapshot in time and can change. Reviewing trends in treasury stock over several years, if available, can provide a more comprehensive understanding of Carbones Pizzeria's capital management strategies. Additionally, understanding the reasons behind any significant changes in treasury stock can offer insights into the company's financial decisions and outlook.