What years are covered by the financial statements referenced in this text for Checkersrallys?
Checkersrallys Franchise · 2025 FDDAnswer from 2025 FDD Document
| Report of Independent Auditors | 1 |
|---|---|
| Consolidated Balance Sheets as of January 1, 2024 (Successor) and January 2, 2023 (Predecessor) | 3 |
| 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) | 4 |
| Consolidated Statements of Cash Flows 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) | 5 |
| Consolidated Statements of Stockholder's Equity (Deficit) 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) | 6 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkersrallys's 2025 Franchise Disclosure Document, the consolidated financial statements include data for several periods reflecting a change in company structure from 'Predecessor' to 'Successor'.
The financial statements include consolidated balance sheets as of January 1, 2024 (Successor) and January 2, 2023 (Predecessor). The consolidated statements of operations, cash flows, and stockholder's equity cover the periods from June 17, 2023, through January 1, 2024 (Successor), and January 3, 2023, through June 16, 2023 (Predecessor). These statements also include data for the fiscal years ended January 2, 2023 (Predecessor) and January 3, 2022 (Predecessor).
In summary, the financial statements for Checkersrallys include data from January 3, 2022, to January 1, 2024, with a distinction between 'Predecessor' and 'Successor' periods due to an out-of-court restructuring. The fiscal year ended December 30, 2024 refers to the period from January 2, 2024 through December 30, 2024 (Successor).