What was the net income for Carvel for the fiscal year ended December 29, 2024?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
statements of changes in member's equity
| Member's | |
|---|---|
| equity | |
| Balance at December 26, 2021 | $ 275,913 |
| Non-cash capital contributions from Member | 1,285 |
| Distributions to Member, net | (208,262) |
| Net income | 208,711 |
| Balance at December 25, 2022 | 277,647 |
| Distributions to Member, net | (243,307) |
| Net income | 248,990 |
| Balance at December 31, 2023 | 283,330 |
| Distributions to Member, net | (251,656) |
| Net income | 253,964 |
| Balance at December 29, 2024 | $ 285,638 |
Consolidated statements of cash flows
| December 29, | December 31, | December 25, | |
|---|---|---|---|
| For the fiscal years ended: | 2024 | 2023 | 2022 |
| Cash flows from operating activities: | |||
| Net income | $ 253,964 | $ 248,990 | $ 208,711 |
| Adjustmen |
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, for the fiscal year ended December 29, 2024, the net income was $253,964. In comparison, the net income for the fiscal year ended December 31, 2023, was $248,990, and for the fiscal year ended December 25, 2022, it was $208,711. This shows an increase in net income from 2022 to 2024.
These figures are part of the cash flows from operating activities, which also include adjustments to reconcile net income to net cash provided by operating activities. These adjustments include depreciation and amortization expense, provision for credit losses, changes in operating assets and liabilities such as accounts receivable, prepaid expenses, accrued expenses, deferred revenue, and intercompany receivables/payables.
For a prospective franchisee, understanding these figures is crucial as net income is a key indicator of Carvel's overall financial health and profitability. Reviewing these trends over multiple years can provide insight into the stability and growth potential of the franchise system. It's also important to consider the various adjustments made to net income to get a clearer picture of the actual cash flows generated by operating activities.
It is important to note that these figures represent the net income for the overall Carvel franchise system and not necessarily the potential income for an individual franchise location. A prospective franchisee should conduct their own financial analysis and due diligence to determine the potential profitability of their specific location.