Are there any deadlines mentioned in the provided text related to Checkersrallys financial statements?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
The consolidated financial statements of the Company as of January 1, 2024 (Successor), for the period from June 17, 2023 through January 1, 2024 (Successor) and the period from January 3, 2023 through June 16, 2023 (Predecessor) were audited by other auditors, who expressed an unmodified opinion on those consolidated financial statements in their report dated August 13, 2024.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, an audit report by Grant Thornton LLP, included in the FDD, is dated as of December 30, 2024. Additionally, another audit report included within the document, completed by Ernst & Young LLP, is dated August 13, 2024. These dates indicate when the audits were completed and the opinions on the financial statements were issued.
Furthermore, the financial statements themselves cover specific periods. For example, there are consolidated balance sheets as of December 30, 2024, and January 1, 2024, and January 2, 2023. The consolidated statements of operations, stockholder's equity, and cash flows cover the fiscal year ending December 30, 2024, the periods from June 17, 2023, through January 1, 2024, and January 3, 2023, through June 16, 2023, and the fiscal years ending January 2, 2023, and January 3, 2022. These dates are important for understanding the time frame that the financial data encompasses.
For a prospective Checkersrallys franchisee, these dates are relevant for assessing the timeliness and reliability of the financial information provided. The audit dates indicate how recently the financial statements were reviewed by independent auditors, while the periods covered by the statements provide insight into Checkersrallys's financial performance over time. Reviewing these dates in conjunction with the financial data can help a franchisee make informed decisions about the financial health and stability of the franchise system.