How many weeks were included in Carvel's consolidated financial statements for the fiscal year ended December 31, 2023?
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 for the fiscal years ended December 29, 2024 and December 31, 2023 include fifty-two and fifty-three weeks, respectively.
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, the company's fiscal year operates on either a 52 or 53-week cycle, concluding on the last Sunday of the calendar year.
For the fiscal year that concluded on December 31, 2023, Carvel's consolidated financial statements encompassed a total of 53 weeks. In contrast, the fiscal year that ended on December 29, 2024, included 52 weeks.
Prospective franchisees should be aware that the varying length of fiscal years could impact year-over-year financial comparisons. A 53-week year may show slightly higher revenues or expenses simply due to the extra week of operation, which is important to consider when analyzing Carvel's financial performance.