Are the Card My Yard financial statements presented on a calendar year basis?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
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The following tables present historic financial performance information for our franchised locations. As indicated below, the tables in this Item 19 show results achieved during calendar year 2023 (the "Reporting Period").
No information is included in this Item 19 regarding our two company-owned locations.
We had a total of 531 Card My Yard Businesses (529 franchised locations plus 2 company-owned locations) operating as of the beginning of the Reporting Period. All franchised Card My Yard locations that were open and operating throughout all 12 months of the Reporting Period have been included in the tables below (the 21 who opened during the Reporting Period but were not open and operating for the entire period are excluded). 5 of our franchised locations ceased operation during 2024, so those 5 locations were not included in this Item 19, and the 2 company-owned locations were also excluded from this Item 19.
The tables below show the Reporting Period results for the 505 franchised Card My Yard businesses that were in operation throughout the entire Reporting Period.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 84)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the financial performance information presented in Item 19 is based on a calendar year. Specifically, the tables in Item 19 show results achieved during calendar year 2023, which is referred to as the "Reporting Period."
This means that the financial data, such as gross sales and other performance metrics, are compiled and reported for the period of January 1 to December 31 of 2023. Card My Yard includes data from 505 franchised businesses that were in operation throughout the entire Reporting Period. The FDD excludes locations that were open for less than 12 months as of December 31, 2024.
Prospective franchisees can use this information to understand the historical financial performance of existing Card My Yard franchises during a specific calendar year. However, it's important to note that past performance is not necessarily indicative of future results, and individual results may vary. The FDD also states that the financial information is from the unaudited books and records of franchisees and has not been independently audited.