What specific period does the financial statement ending January 2, 2023, cover for Checkersrallys?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
Due to the presentation of the Successor and Predecessor periods, the period ended January 1, 2024 refers to the period from June 17, 2023 to January 1, 2024 (Successor). The period ended June 16, 2023 refers to the period from January 3, 2023 to June 16, 2023 (Predecessor). The period ended January 2, 2023 (Predecessor) refers to the 52-week period ended January 2, 2023. The period ended January 3, 2022 (Predecessor) refers to the 53-week period ended January 3, 2022.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the financial statement for the period ended January 2, 2023, covers a specific duration. The document clarifies that this period refers to the 52-week period that concluded on January 2, 2023. This information is crucial for prospective franchisees as it defines the timeframe for the financial data presented, allowing for accurate analysis and understanding of the company's performance during that year.
Understanding the specific time frame that the financial statements cover is essential for evaluating Checkersrallys's financial health and performance. Knowing that the January 2, 2023, statement represents a full 52-week period enables potential franchisees to compare this data with other periods and assess trends accurately. This ensures that any financial analysis or projections are based on a clear and consistent understanding of the company's reporting periods.
In summary, the financial statement ending January 2, 2023, for Checkersrallys encompasses a 52-week period, providing a comprehensive view of the company's financial activities during that timeframe. This level of detail is important for franchisees to make informed decisions and accurately assess the financial stability and performance of the franchise system.