What exhibit contains the financial statements of Chick Fil A, Inc. and its subsidiaries?
Chick_Fil_A Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit "C" to this Disclosure Document includes (i) the audited consolidated financial statements of Chick-fil-A, Inc. and its subsidiaries, which comprise the consolidated balance sheets as of December 31, 2024 and 2023 and the related consolidated statements of comprehensive earnings, of stockholders' equity and of cash flows for each of the three years (2024, 2023, and 2022) in the period ended December 31, 2024.
Source: Item 21 — Financial Statements (FDD page 102)
What This Means (2025 FDD)
According to Chick Fil A's 2025 Franchise Disclosure Document, the audited consolidated financial statements of Chick-fil-A, Inc. and its subsidiaries are found in Exhibit "C". This exhibit includes the consolidated balance sheets as of December 31, 2024, and 2023, along with the consolidated statements of comprehensive earnings, stockholders' equity, and cash flows for the three years ending December 31, 2024 (2024, 2023, and 2022).
These financial statements provide a detailed overview of Chick Fil A's financial performance and position. Prospective franchisees can use this information to assess the financial health and stability of the company. The statements are audited, meaning they have been reviewed by an independent accounting firm, adding a level of assurance to their accuracy.
Understanding these financial statements is crucial for potential franchisees as it helps them evaluate the risks and rewards associated with investing in a Chick Fil A franchise. It is common practice for franchisors to include audited financial statements in their FDD, allowing potential franchisees to make informed decisions. Reviewing these statements can help franchisees project potential earnings and understand the financial obligations involved in operating a Chick Fil A franchise.