Are the Card My Yard financial statements presented on a fiscal year basis?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
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").
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 84)
What This Means (2025 FDD)
Based on the 2025 Card My Yard Franchise Disclosure Document, the financial performance information provided in Item 19 is based on a calendar year. Specifically, the financial results presented in the tables within Item 19 reflect performance achieved during the calendar year 2023, which is referred to as the "Reporting Period."
This means that the data provided for gross sales, revenue, and other financial metrics covers the period from January 1, 2023, to December 31, 2023, for Card My Yard franchise locations that were open and operating throughout that entire year. The FDD excludes locations that were not open for the full 12 months of the reporting period.
Prospective franchisees should be aware that the financial performance data presented may not align with a fiscal year that Card My Yard or its franchisees might use for accounting purposes. It is important for potential franchisees to understand this distinction when evaluating the financial performance representations and to consider how their own fiscal year-end might impact their financial planning and reporting.