What was Checkers' inventory as of January 2, 2023?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
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Ernst + Young LLP
August 13, 2024
| Janu | ary 1, 2024 | Janua | ary 2, 2023 | |
|---|---|---|---|---|
| (St | iccessor) | (Pre | edecessor) | |
| Assets |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the company's inventory as of January 2, 2023, was valued at $2,541. This figure is part of the consolidated balance sheets presented in the FDD, which offer a snapshot of the company's financial position at that specific date. The balance sheets differentiate between 'Successor' and 'Predecessor' periods due to a Recapitalization Agreement, with January 2, 2023, falling under the 'Predecessor' period.
For a prospective Checkers franchisee, understanding the inventory value is crucial as it reflects the value of raw materials, work-in-progress, and finished goods the company held at that time. This can provide insights into the scale of operations and the efficiency of inventory management. Keep in mind that this is a historical figure and may not be indicative of current inventory levels or practices.
It's important to note that the inventory value is just one component of the overall financial health of Checkers. A franchisee should review the complete financial statements, including assets, liabilities, and equity, to gain a comprehensive understanding of the company's financial standing. Additionally, comparing inventory levels across different periods can reveal trends and potential areas of concern or improvement.