What was the total amount spent on advertising for franchised Carls restaurants and other in the CKE Securitization Entities Combining Consolidating Statement of Operations for fiscal year 2024?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchised restaurants and other .................................................... 68,839 26,809 95,648 Advertising ..................................................................................... 6,990 12,414 19,404
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the CKE Securitization Entities Combining Consolidating Statement of Operations indicates that advertising expenses for franchised restaurants and other totaled $19,404 (in thousands) for fiscal year 2022.
This means that the total advertising expenditure that related to franchised Carls restaurants, as well as other related advertising costs, amounted to $19,404,000 for the fiscal year 2022. This figure is part of the broader operating costs and expenses reported in the financial statement.
It is important to note that the provided financial statement is for fiscal year 2022, and the question asks about fiscal year 2024. The FDD does not provide the advertising expenses for franchised restaurants for fiscal year 2024. To obtain the advertising expenses for fiscal year 2024, a prospective franchisee should consult the complete audited financial statements or request this information from the franchisor directly.