As of what dates are the consolidated balance sheets of GoTo Systems included in the Carvel FDD?

According to Carvel's 2025 Franchise Disclosure Document, the audited financial statements of GoTo Systems, Carvel's parent company, include consolidated balance sheets as of December 29, 2024, and December 31, 2023. These statements offer a snapshot of the company's financial position at those specific points in time.

These financial statements are crucial for prospective Carvel franchisees because GoTo Systems guarantees Carvel's obligations under the Franchise Agreement. This guarantee means that GoTo Systems is financially responsible if Carvel fails to meet its obligations to its franchisees. Therefore, the financial health of GoTo Systems directly impacts the security and stability of a Carvel franchise.

In addition to the balance sheets, the financial statements also include consolidated statements of operations, changes in member's equity, and cash flows for the fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022. These statements provide a more comprehensive view of GoTo Systems' financial performance over the past three years, allowing potential franchisees to assess the company's profitability, equity changes, and cash management practices. Reviewing these statements can help a prospective franchisee evaluate the overall financial strength and stability of Carvel's parent company.