For Checkers, how many weeks were in the fiscal year ended January 3, 2022?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
The year ended January 2, 2023 consisted of 52 weeks while the year ended January 3, 2022, consisted of 53 weeks.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, the fiscal year ended January 3, 2022, consisted of 53 weeks. Checkers' fiscal reporting periods consist of either 52 or 53 weeks, typically ending on the Monday closest to December 31.
For a prospective franchisee, this information is relevant for understanding how Checkers structures its financial reporting. The slightly variable fiscal year length could impact how financial performance is assessed and compared year-over-year. A 53-week year, like the one ending January 3, 2022, includes one extra week of sales and expenses, which could skew comparisons to a standard 52-week year.
Therefore, when analyzing Checkers' financial statements, it's important to be aware of the fiscal year's length to make accurate comparisons and projections. Franchisees should inquire about how Checkers accounts for these variations in their financial reporting and planning processes.