What was the net income (loss) for Checkers for the period from January 3, 2023 through June 16, 2023?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
Net income | | - | | - | | 21,260 | | 21,260 | | | | Balances at December 30, 2024 | $ | - | $ | 98,449 | $ | 18,785 | $ | 117,234 | | |
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Successor | Predecessor | ||||||
|---|---|---|---|---|---|---|---|
| Year Ended Decem |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, for the period from January 3, 2023, through June 16, 2023, Checkers experienced a net loss of $91,106. This figure represents the company's financial performance during that specific timeframe, reflecting the difference between revenues and expenses. It is important to note that this loss occurred under the 'Predecessor' entity.
This net loss can be influenced by various factors, including operating expenses, cost of goods sold, and other financial obligations. For a prospective franchisee, understanding these factors is crucial as it provides insight into the financial health and stability of Checkers. A significant net loss could indicate potential challenges within the business model or market conditions that franchisees should be aware of.
It's also worth noting that the FDD includes financial data for other periods, such as the year ended December 30, 2024, and the period from June 17, 2023, through January 1, 2024. Comparing these figures can help potential franchisees identify trends and assess the overall financial trajectory of Checkers. Reviewing these figures in combination with other disclosures within the FDD can help a prospective franchisee make an informed decision.