What was the net loss for Checkers between June 17, 2023, and January 1, 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Common Stock | Capital | (Deficit) | Equity | |
|---|---|---|---|---|
| Balances at June 17, 2023 | $ - | $ - | $ - | $ - |
| Contribution from business combination | - | 9 7,819 | - | 9 7,819 |
| Stock-based compensation | - | 132 | - | 132 |
| Co-op retained earnings adjustment | - | - | ( 86) | ( 86) |
| Net loss | - | - | (2,570) | (2,570) |
| Balances at January 1, 2024 | - | 9 7,951 | (2,656) | 9 5,295 |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the net loss for Checkers between June 17, 2023, and January 1, 2024, was $2,570. This figure represents the net change in retained earnings (deficit) during that specific period.
This information is crucial for prospective franchisees as it provides a snapshot of Checkers' financial performance over a defined timeframe. A net loss indicates that the company's expenses exceeded its revenues during this period. While a single period's loss doesn't necessarily indicate long-term financial instability, it's a point to consider.
Potential franchisees should investigate the reasons behind the loss. Was it due to increased operating costs, decreased sales, or one-time expenses? Understanding the context behind the loss will help in assessing the overall financial health and stability of Checkers. It would be prudent to compare this figure with net income/loss figures from other periods to identify trends and potential areas of concern or improvement.