On what day does the retail accounting calendar end for Carls Jr.?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
We operate on a retail accounting calendar, ending on the last Monday in January. For clarity of presentation, we generally label all years presented as if the fiscal year ended January 31. The fiscal year ended January 29, 2024 is referred to
herein as fiscal 2024 or the fiscal year ended January 31, 2024. The fiscal year ended January 30, 2023 is referred to herein as fiscal 2023 or the fiscal year ended January 31, 2023. The first quarter of our fiscal year has four periods, or 16 weeks. All other quarters generally have three periods, or 12 weeks.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the retail accounting calendar ends on the last Monday in January. For financial reporting clarity, Carls generally labels all years presented as if the fiscal year ended January 31st.
Specifically, the fiscal year ended January 29, 2024, is referred to as fiscal 2024 or the fiscal year ended January 31, 2024. Similarly, the fiscal year ended January 30, 2023, is referred to as fiscal 2023 or the fiscal year ended January 31, 2023.
This means that while the actual end date may vary slightly depending on when the last Monday falls, Carls uses January 31st as a consistent reference point for its fiscal year reporting. The first quarter of Carls's fiscal year has four periods, totaling 16 weeks, while all subsequent quarters typically consist of three periods, or 12 weeks.