What was the operating income (loss) for Checkers restaurants for the year 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | January 1, 2024 | June 16, 2023 | |||
|---|---|---|---|---|---|
| Total revenues | 300,381 | 165,142 | 149,637 | ||
| Costs and expenses | |||||
| Total costs and expenses | 288,058 | 159,039 | 229,584 | ||
| Operating income (loss) | 12,323 | 6,103 | (79,947) |
Source: Item 23 — RECEIPTS (FDD pages 92–384)
What This Means (2025 FDD)
According to Checkers's 2025 Franchise Disclosure Document, the operating income for Checkers restaurants for the year 2024 was $12,323. This figure is derived from the provided financial statement, which details the revenues, costs, and expenses associated with operating Checkers restaurants. The document also includes financial data for January 1, 2024, and June 16, 2023, offering a comparative view of the brand's financial performance over different periods.
Specifically, the total revenues for 2024 amounted to $300,381, while the total costs and expenses were $288,058. These figures include various components such as restaurant sales, franchise and retail royalty revenue, franchise fees, restaurant food and labor costs, occupancy costs, depreciation, and other operating, general, administrative, and advertising expenses. The difference between the total revenues and total costs and expenses results in the operating income of $12,323 for the year 2024.
Prospective franchisees should note that while the 2024 operating income was positive, the operating loss for the period ending June 16, 2023, was $(79,947). This highlights the variability in financial performance and the importance of carefully reviewing the entire financial statement to understand the factors influencing profitability. It is also important to consider that these figures may not be representative of the performance of an individual franchise location, as they reflect the overall performance of Checkers restaurants as a whole.