Does the Chick Fil A financial statement include statements of stockholders' equity?

According to Chick Fil A's 2025 Franchise Disclosure Document, the company's financial statements include consolidated statements of stockholders' equity. The audited consolidated financial statements of Chick-fil-A, Inc. and its subsidiaries comprise consolidated balance sheets as of December 31, 2024, and 2023. These statements also include consolidated statements of comprehensive earnings and cash flows for each of the three years in the period ended December 31, 2024, specifically covering 2024, 2023, and 2022.

This means that prospective Chick Fil A franchisees can review the financial statements to understand the changes in the equity or ownership stake in the company over those three years. The statement of stockholders' equity provides details about items such as issued stock, retained earnings, and other equity transactions. This information is crucial for assessing the financial stability and overall health of Chick Fil A.

Having access to these statements allows potential franchisees to make informed decisions about investing in a Chick Fil A franchise. By examining the trends in equity, earnings, and cash flow, franchisees can evaluate the long-term viability and growth potential of the company. This transparency is a positive indicator for prospective franchisees, as it demonstrates Chick Fil A's commitment to providing comprehensive financial information.