What exhibit contains the financial statements of Chick Fil A in this Disclosure Document?

According to Chick Fil A's 2025 Franchise Disclosure Document, the audited consolidated financial statements of Chick-fil-A, Inc. and its subsidiaries are included in Exhibit "C". These statements comprise the consolidated balance sheets as of December 31, 2024, and 2023, along with the related consolidated statements of comprehensive earnings, stockholders' equity, and cash flows for each of the three years in the period ended December 31, 2024 (2024, 2023, and 2022).

For a prospective franchisee, this means that Exhibit C provides a detailed look into Chick Fil A's financial health over the past three years. Reviewing these statements is crucial for understanding the company's profitability, assets, liabilities, and cash flow trends. This information can help potential franchisees assess the financial stability of Chick Fil A and make informed decisions about investing in a franchise.

It is important for potential franchisees to carefully examine these financial statements and consult with a financial advisor to fully understand the implications. Understanding Chick Fil A's financial performance can provide valuable insights into the potential risks and rewards of investing in a Chick Fil A franchise.