What was the net income for Carls in fiscal year 2022?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
t portion | | 14,428 | | 15,164 | | Operating leases, less current portion | | 381,495 | | | | Deferred income tax liabilities, net | | 175,131 | | 175,309 | | Other long-term liabilities | | 277,497 | | 349,110 | | Total liabilities | | 2,160,365 | | 1,820,383 | | Commitments and contingencies (Notes 8, 9, 10 and 14) | | | | | | Equity: | | | | | | Common stock, $0.01 par value; 100 shares authorized, issued and outstanding as of January 31, 2023 and 2022 | | _ | | | | Additional paid-in capital | | 734,314 | | 733,537 | | Notes receivable from CKE Inc. | | | | (441,866) | | Accumulated deficit | | (540,277) | | (125,600) | | Accumulated other comprehensive loss | | (1,135) | | (885) | | Total equity | _ | 192,902 | - | 165,186 | | Total liabilities and equity | $ | 2,353,267 | $ | 1,985,569 |
CKE RESTAURANTS HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands)
| Fiscal 2023 | Fiscal 2022 | |
|---|---|---|
| Revenue: | ||
| Company-operated restaurants $ | 356,810 | $ 362,069 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the net income for fiscal year 2022 was $24,739. This figure represents the company's profit after all expenses, including taxes, have been deducted from its total revenue. This information is crucial for potential franchisees as it provides insight into the financial health and profitability of Carls.
Understanding Carls's net income can help a prospective franchisee evaluate the overall financial performance of the company. A consistent and positive net income trend may indicate a stable and well-managed franchise system. However, it's important to consider this figure in conjunction with other financial metrics and industry benchmarks to get a comprehensive understanding.
It is also important to note that this net income reflects the performance of the overall Carls system and not necessarily the potential profitability of an individual franchise location. Factors such as location, operating costs, and local market conditions can significantly impact the financial performance of a specific franchise. Therefore, while the system-wide net income provides a general indication of financial health, prospective franchisees should conduct their own due diligence and financial analysis to assess the potential profitability of their specific franchise investment.