For what dates are the consolidated financial statements provided for GoTo Foods Systems LLC and Subsidiaries in the Carvel FDD?

According to Carvel's 2025 Franchise Disclosure Document, the consolidated financial statements for GoTo Foods Systems LLC and Subsidiaries are provided for December 29, 2024, and December 31, 2023. Additionally, the report of independent certified public accountants includes consolidated statements of operations, changes in member's equity, and cash flows for the years ended December 29, 2024, December 31, 2023, and December 25, 2022.

These financial statements offer prospective Carvel franchisees insight into the financial performance of GoTo Foods Systems LLC, the guarantor of Carvel Franchisor SPV LLC's obligations. Reviewing these statements can help franchisees assess the financial health and stability of the parent company. This is particularly important because GoTo Foods Systems LLC guarantees the obligations of Carvel Franchisor SPV LLC under the franchise agreement.

The inclusion of multiple years (2022, 2023 and 2024) allows for a comparative analysis of the company's financial performance over time, highlighting trends and potential areas of concern or growth. A prospective franchisee can use this information to evaluate the consistency and reliability of the financial results.

It is important for potential Carvel franchisees to carefully review these financial statements and consult with a financial advisor to fully understand the implications for their investment. Understanding the financial strength of the guarantor can provide additional security and confidence in the franchise system.