For Checkers, on what day of the week does the company's fiscal year typically end?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company's fiscal reporting periods consist of 52 or 53 weeks ending on the Monday closest to December 31. References included herein to "year" or "years" ended represent fiscal years. The fiscal year ended December 30, 2024 consisted of 52 weeks. The periods January 3, 2023 to June 16, 2023 and June 17, 2023 to January 1, 2024 consisted of 24 and 28 weeks, respectively.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, the company's fiscal year consists of either 52 or 53 weeks. Typically, the fiscal year concludes on the Monday closest to December 31.
For a prospective Checkers franchisee, this means that the financial performance of their franchise will be evaluated based on these fiscal periods. Understanding the timing of these periods is crucial for financial planning, tracking performance, and comparing year-over-year results.
It's important to note that the fiscal year end may not always fall on December 31, as it ends on the Monday closest to that date. Franchisees should be aware of this when reviewing financial statements and planning for tax purposes. The FDD also mentions specific dates for previous fiscal year ends, such as December 30, 2024, January 1, 2024, January 2, 2023 and January 3, 2022, which can provide further clarity on how the fiscal year end is determined.