What date is the auditor's report for Carls' financial statements?

According to Carls's 2024 Franchise Disclosure Document, the auditor's report included with the financial statements references audits of the consolidated balance sheets as of January 29, 2024 and January 30, 2023. The report also covers the combined consolidated statements of income, members' deficit, and cash flows for each of the fiscal years then ended.

This indicates that the auditor, KPMG LLP, has examined Carls's financial records for these specific periods and provided an opinion on their accuracy and compliance with U.S. generally accepted accounting principles. The auditor's report is essential for potential franchisees as it provides an independent assessment of the financial health and stability of Carls.

The inclusion of balance sheets and statements of income, members' deficit, and cash flows for both 2024 and 2023 allows for a comparative analysis of Carls's financial performance over time. Prospective franchisees can review these statements to identify trends, assess profitability, and evaluate the company's ability to manage its finances. The auditor's opinion adds credibility to these financial statements, assuring franchisees that the information has been vetted by an independent expert.

It is important for potential Carls franchisees to carefully review the auditor's report and the accompanying financial statements to gain a comprehensive understanding of the company's financial condition. They should also consult with a financial advisor to interpret the information and assess the potential risks and rewards of investing in a Carls franchise.