What was the restaurant sales revenue for Checkers during the period from June 17, 2023 through January 1, 2024?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands)
| Successor | Predecessor | |||||||
|---|---|---|---|---|---|---|---|---|
| Year Ended December 30, 2024 | Period from June 17, 2023 through January 1, 2024 | Period from January 3, 2023 through June 16, 2023 | ||||||
| Revenues |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the restaurant sales revenue for the period from June 17, 2023, through January 1, 2024, was $141,217. This figure represents the revenue generated by company-operated restaurants during that specific timeframe, which the FDD identifies as a "Successor Period" following a recapitalization agreement. This information is derived from the consolidated statements of operations included in the financial statements.
For a prospective franchisee, this data point provides insight into the revenue-generating capacity of Checkers' company-owned restaurants during a specific period. While this number does not reflect the performance of franchised locations, it can serve as a benchmark for understanding potential sales volumes under the Checkers brand. It's important to note that this period is a partial year, so direct comparisons to full fiscal years should be made with caution.
It is also important to consider the context of the "Successor Period." The recapitalization agreement mentioned in the FDD suggests a significant financial restructuring, which may have influenced the company's operations and financial reporting. Franchisees should investigate the details of this agreement and its potential impact on the business. Understanding the distinction between "Successor" and "Predecessor" periods is crucial for accurately interpreting the financial statements.
In addition to restaurant sales, the FDD also provides figures for franchise and retail royalty revenue, as well as franchise fees and other income. These revenue streams, while not directly related to restaurant sales, contribute to the overall financial health of Checkers and may indirectly impact franchisees through brand support and marketing efforts. A prospective franchisee should analyze all revenue categories to gain a comprehensive understanding of the company's financial performance.