On what day of the week does Carvel's fiscal year end?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company operates on a fifty-two or fifty-three week fiscal year that ends on the last Sunday of the calendar year. The consolidated financial statements include fifty-two weeks for the fiscal year ended December 29, 2024, fifty-three weeks for the fiscal year ended December 31, 2023, and fifty-two weeks for the fiscal year ended December 25, 2022, respectively.
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, the company operates on a fiscal year that concludes on the last Sunday of the calendar year. This fiscal year may consist of either 52 or 53 weeks.
For instance, the consolidated financial statements reflect a 52-week fiscal year ending on December 29, 2024. Conversely, the fiscal year that concluded on December 31, 2023, spanned 53 weeks.
Understanding Carvel's fiscal year-end is important for franchisees as it dictates the timeline for financial reporting, tax obligations, and performance reviews. Franchisees should be aware of whether a particular year is a 52 or 53-week year, as this can impact financial comparisons and performance metrics.