factual

Does the text specify the fiscal year-end for Checkersrallys?

Checkersrallys Franchise · 2025 FDD

Answer 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 fiscal year ended December 30, 2024 consisted of 52 weeks. The periods January 3, 2023 to June 16, 2023 and June 17, 2023 to January 1, 2024 consisted of 24 and 28 weeks, respectively.

Due to the presentation of the Successor and Predecessor periods, the fiscal year ended December 30, 2024 refers to the period from January 2, 2024 through December 30, 2024 (Successor) and 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).

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 end on the Monday closest to December 31. The FDD clarifies that references to "year" or "years" ended represent fiscal years for Checkersrallys.

For instance, the fiscal year ended December 30, 2024, consisted of 52 weeks. The periods from January 3, 2023, to June 16, 2023, and June 17, 2023, to January 1, 2024, consisted of 24 and 28 weeks, respectively. This level of detail is important for prospective franchisees as it provides clarity on how Checkersrallys structures its financial reporting periods, which may affect how a franchisee analyzes their own business performance in comparison to the franchisor's reports.

Furthermore, the FDD explains that due to the presentation of Successor and Predecessor periods, the fiscal year ended December 30, 2024, refers to the period from January 2, 2024, through December 30, 2024 (Successor), and 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). This distinction is crucial for understanding the financial statements provided in the FDD, especially when comparing performance across different periods affected by the Out-of-Court Restructuring.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.