Do the financial statements for Chick Fil A include statements of stockholders' equity?

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

For a prospective franchisee, this means that Chick Fil A provides a comprehensive overview of its financial performance, including details about how equity is managed within the company. The inclusion of these statements indicates a commitment to transparency and provides potential franchisees with a more complete picture of the company's financial health.

It is important for potential franchisees to carefully review all the financial statements and related notes to understand Chick Fil A's financial position and performance. Consulting with a financial advisor is advisable to fully interpret these statements and assess the financial stability of Chick Fil A.