What periods are covered in the Consolidated Statements of Operations for Checkersrallys?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
Consolidated Statements of Operations for the periods June 17, 2023 through January 1, 2024 (Successor) and January 3, 2023 through June 16, 2023 (Predecessor), and the fiscal years ended January 2, 2023 (Predecessor) and January 3, 2022 (Predecessor)
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the Consolidated Statements of Operations include data for several periods due to a Recapitalization Agreement. These periods are divided into "Successor Periods" and "Predecessor Periods."
The Successor Periods include the fiscal year ended December 30, 2024, and the period from June 17, 2023, through January 1, 2024. The Predecessor Periods include January 3, 2023, through June 16, 2023, and the fiscal years ended January 2, 2023, and January 3, 2022.
These financial statements are audited and provide a historical view of Checkersrallys's financial performance across these different periods, reflecting the impact of the Recapitalization Agreement on the company's reporting structure. Prospective franchisees can review these statements to understand the financial trends and performance of Checkersrallys before and after the recapitalization.