For the Carls financial statements, what fiscal years are covered by the audited combined consolidated statements of income, members' deficit, and cash flows?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
We have audited the combined consolidated financial statements of Carl's Jr. SPV Guarantor LLC and its subsidiaries, and Hardee's SPV Guarantor LLC and its subsidiaries (the Company), which comprise the combined consolidated balance sheets as of January 29, 2024 and January 30, 2023, and the related combined consolidated statements of income, members' deficit, and cash flows for each of the fiscal years then ended, and the related notes to the combined consolidated financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to the 2024 FDD, the audited combined consolidated financial statements for Carls Jr. SPV Guarantor LLC and its subsidiaries, and Hardee's SPV Guarantor LLC and its subsidiaries include statements of income, members' deficit, and cash flows for the fiscal years ended January 29, 2024, and January 30, 2023.
These financial statements provide a historical view of the company's financial performance over these two years. Prospective franchisees can use this information to assess the financial health and stability of Carls. By examining these statements, potential franchisees can gain insights into revenue trends, expenses, profitability, and cash flow patterns.
It's important to note that these are combined consolidated statements, meaning they represent the financial performance of multiple entities (Carls Jr. and Hardee's) as a single economic unit. Franchisees should carefully review the notes to the financial statements for additional details and explanations of the figures presented. Understanding these financial statements is a crucial step in evaluating the overall risk and potential return of investing in a Carls franchise.