What is the location and date of the auditor's report for Carls?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
KPMG LLP 1201 Demonbreun Street Suite 1100 Nashville, TN 37203
Independent Auditors' Report
Managing Member Carl's Jr. SPV Guarantor LLC and Hardee's SPV Guarantor LLC:
Opinion
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 Carls's 2024 Franchise Disclosure Document, the Independent Auditor's Report is prepared by KPMG LLP, located at 1201 Demonbreun Street, Suite 1100, Nashville, TN 37203.
The report covers 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 audit opinions are based on the financial positions as of January 29, 2024, and January 30, 2023, and the results of operations and cash flows for the fiscal years then ended.
Additionally, the FDD includes audited consolidated financial statements for CKE Restaurants Holdings, Inc., Carls's indirect corporate parent. These statements cover the fiscal years ended January 29, 2024, and January 30, 2023, as well as January 30, 2023, and January 31, 2022, also audited by KPMG LLP at the same Nashville address. These financial statements are provided for disclosure purposes, as CKE Restaurants Holdings, Inc. provides support and services to franchisees under a Management Agreement.