What was the net income (loss) for Checkers restaurants for the year 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | January 1, 2024 | June 16, 2023 | |||
|---|---|---|---|---|---|
| Revenues | |||||
| Restaurant sales | $ 255,474 | $ 141,217 | $ 130,191 | ||
| Franchise and retail royalty revenue | 35,389 | 18,608 | 15,385 | ||
| Franchise fees and other income | 9,518 | 5,317 | 4,061 | ||
| Total revenues | 300,381 | 165,142 | 149,637 | ||
| Costs and expenses | |||||
| Restaurant food and paper costs | 81,660 | 45,102 | 41,194 | ||
| Restaurant labor costs | 79,230 | 44,446 | 38,348 | ||
| Restaurant occupancy costs | 22,378 | 11,778 | 11,145 | ||
| Restaurant depreciation | 5,871 | 2,524 | 7,529 | ||
| Other restaurant operating expenses | 34,053 | 20,357 | 17,423 | ||
| General and administrative expenses | 39,215 | 19,435 | 36,471 | ||
| Franchise support and service expenses | 5,226 | 3,634 | 1,696 | ||
| Advertising expense | 14,397 | 8,077 | 6,810 | ||
| Other depreciation and amortization | 3,441 | 2,093 | 900 | ||
| Restaurant retirement costs | 139 | 300 | 596 | ||
| Impairment of long-lived assets | 2,384 | 623 | 66,633 | ||
| Net loss on disposal of fixed assets | 64 | 670 | 839 | ||
| Total costs and expenses | 288,058 | 159,039 | 229,584 | ||
| Operating income (loss) | 12,323 | 6,103 | (79,947) | ||
| Other income (expense) | |||||
| Interest expense | (15,789) | (8,134) | (18,326) | ||
| Other income (expense) | 3 | 1 | (375) | ||
| Total other (expense) income | (15,786) | (8,133) | (18,701) | ||
| Loss before income tax expense (benefit) | (3,463) | (2,030) | (98,648) | ||
| Income tax expense (benefit) | (24,723) | 540 | (7,542) | ||
| Net income (loss) | $ 21,260 | $ (2,570) | $ (91,106) |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the net income for Checkers restaurants for the year 2024 was $21,260. This figure represents the profit remaining after all revenues, costs, expenses, and taxes have been accounted for during that fiscal year. This indicates a positive financial performance for Checkers during this period.
It's important to note that this net income reflects the overall financial health of Checkers restaurants as a whole and not necessarily the performance of individual franchise locations. A prospective franchisee should carefully consider this figure in conjunction with other financial data provided in the FDD, such as revenue figures, operating expenses, and potential costs associated with establishing and running a franchise.
Furthermore, the FDD also provides net loss figures for other periods, such as a net loss of $2,570 from January 1, 2024, to June 16, 2023, and a net loss of $91,106 for an unspecified period. Comparing these figures can provide a more comprehensive understanding of Checkers' financial trends and performance over time. A potential franchisee should investigate the reasons for these fluctuations and consider how they might impact their investment.