For Checkers, where can I find the audited consolidated balance sheets, statements of operations, stockholder's equity (deficit), and cash flows?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Franchise Disclosure Document as Exhibit H are our audited consolidated balance sheets as of December 30, 2024 (Successor), January 1, 2024 (Successor) and January 2, 2023 (Predecessor), and the related consolidated statements of operations, stockholder's equity (deficit) and cash flows for the fiscal year ending December 30, 2024 (Successor), the periods June 17, 2023 through January 1, 2024 (Successor) and January 3, 2023 through June 16, 2023 (Predecessor), and the fiscal years ending January 2, 2023 (Predecessor) and January 3, 2022 (Predecessor), and the related notes.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the audited consolidated balance sheets, statements of operations, stockholder's equity (deficit), and cash flows are included as Exhibit H. These financial statements cover specific periods, including the fiscal year ended December 30, 2024 (Successor), the periods from June 17, 2023, through January 1, 2024 (Successor), and January 3, 2023, through June 16, 2023 (Predecessor), as well as the fiscal years ending January 2, 2023 (Predecessor) and January 3, 2022 (Predecessor).
The inclusion of both Successor and Predecessor periods reflects the Recapitalization Agreement, which led to changes in the company's financial reporting structure. Footnote 1 within the audited financial statements provides additional details about this transaction.
Prospective franchisees can review these statements in Exhibit H to gain insights into Checkers' financial performance, assets, liabilities, and equity over the specified periods. Understanding these financial statements is crucial for assessing the financial health and stability of the franchise system.