For Checkersrallys, on what day of the week does the fiscal year typically end?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company's fiscal reporting periods consist of 52 or 53 weeks ending on the Monday closest to December 31. References included herein to "year" or "years" ended represent fiscal years. The first, second and third quarters of a fiscal year consist of three 4-week periods and the fourth quarter consists of either a 4-week or 5-week period. The periods January 3, 2023 to June 16, 2023 and June 17, 2023 to January 1, 2024 consisted of 24 and 28 weeks, respectively. The year ended January 2, 2023 consisted of 52 weeks while the year ended January 3, 2022, consisted of 53 weeks.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the company's fiscal reporting periods consist of 52 or 53 weeks. These periods typically end on the Monday closest to December 31. This means that Checkersrallys does not have a fixed year-end date but rather one that fluctuates depending on the calendar.
For a prospective franchisee, this means that financial reporting and analysis will be based on these variable year-end dates. The 2024 fiscal year ended on December 30, which was a Monday. The varying year-end can impact how financial performance is compared year-over-year, as some fiscal years may have an extra week of sales and expenses.
Checkersrallys's FDD also notes that the first, second, and third quarters of the fiscal year consist of three 4-week periods, while the fourth quarter consists of either a 4-week or 5-week period. This structure ensures that the fiscal calendar aligns with operational needs, but it's important for franchisees to understand these nuances when reviewing financial statements.