What is the highest 'Net Sales' figure reported for Chick Fil A in this table?
Chick_Fil_A Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Cash flows from operating activities | |||||
| Net earnings | $ 1,044,197,186 | $ 1,057,994,661 | $ 988,734,304 | ||
| Adjustments to reconcile net earnings to net cash | |||||
| provided by operating activities | |||||
| Depreciation and amortization | 1,053,950,178 | 864,699,465 | 706,100,732 | ||
| Amortization of operating leases | 134,210,083 | 127,965,101 | 124,274,339 | ||
| Loss on disposal of property and equipment | 74,184,483 | 79,148,723 | 61,702,582 | ||
| Deferred income taxes | 36,833,786 | 59,386,075 | 66,483,500 | ||
| (Gain) loss on investments | (34,325,437) | (28,146,799) | 77,904,532 | ||
| Noncash interest expense | 609,277 | 709,999 | 738,522 | ||
| Changes in assets and liabilities | |||||
| Receivables | 6,439,362 | (6,038,525) | 30,218,226 | ||
| Inventories | (12,199,169) | (4,870,491) | (26,418,092) | ||
| Prepaid expenses and other assets | 7,200,351 | (37,838,348) | (95,088,403) | ||
| Accounts payable | (1,440,773) | 68,675,581 | 52,325,330 | ||
| Accrued expenses and obligations | 124,524,288 | 147,362,178 | 55,272,424 | ||
| Operating lease liabilities | (100,329,850) | (102,919,364) | (102,362,843) | ||
| Income taxes payable | 60,785,995 | (5,757,999) | (20,639,000) | ||
| Net cash provided by operating activities | 2,394,639,760 | 2,220,370,257 | 1,919,246,153 | ||
| Cash flows from investing activities | |||||
| Acquisition of business, net of cash acquired | (53,197,208) | — | — | ||
| Purchase of property and equipment | (2,680,659,709) | (2,445,142,582) | (1,667,922,292) | ||
| Proceeds from sale of property and equipment | 17,932,159 | 12,190,632 | 8,745,216 | ||
| Premiums and investments made in Company-owned | |||||
| life insurance policies | (32,121,308) | (30,338,578) | (33,003,997) | ||
| Change in notes receivable | 3,165,687 | 1,844,732 | 9,272,642 | ||
| Contributions to investments | (22,882,980) | (61,026,963) | (51,498,138) | ||
| Proceeds from investments | 34,083,942 | 37,928,000 | 7,487,068 | ||
| Net cash used in investing activities | (2,733,679,417) | (2,484,544,759) | (1,726,919,501) | ||
| Cash flows from financing activities | |||||
| Principal payments on notes payable | (30,401,705) | (224,459,580) | (118,558,601) | ||
| Purchase of treasury stock | (161,960,502) | (169,036,902) | (94,717,332) | ||
| Principal payments on finance lease and financing | |||||
| obligations | (35,002,450) | (30,838,815) | (22,317,936) | ||
| Dividends paid | (37,612,394) | (9,494,705) | (120,586) | ||
| Proceeds from issuance of notes payable, net | 750,000,000 | — | — | ||
| Payment of notes payable issuance costs | (2,663,825) | — | — | ||
| Proceeds from sale-leaseback transactions | — | — | 1,901,352 | ||
| Net cash provided by (used in) financing | |||||
| activities | 482,359,124 | (433,830,002) | (233,813,103) | ||
| Effect of exchange rate changes on cash | |||||
| and cash equivalents | (1,525,124) | 1,124,602 | (1,092,260) | ||
| Net increase (decrease) in cash and cash | 141,794,343 | (696,879,902) | (42,578,711) | ||
| equivalents | |||||
| Cash and cash equivalents | |||||
| Beginning of year | 1,266,114,339 | 1,962,994,241 | 2,005,572,952 | ||
| End of year | $ 1,407,908,682 | $ 1,266,114,339 | $ 1,962,994,241 | ||
| Supplemental disclosures of cash flow | |||||
| information | |||||
| Cash paid during the year for: | |||||
| Income taxes | $ 245,789,200 | $ 276,929,750 | $ 290,608,812 | ||
| Interest | 145,668,712 | 125,184,639 | 107,627,016 | ||
| Supplemental disclosure of noncash transactions | |||||
| financing and investing activities | |||||
| Change in unpaid acquisitions of property and | |||||
| equipment | $ 25,471,348 | $ 59,503,447 | $ 49,086,852 | ||
| Change in unpaid hedge premiums | — | — | 1,485,360 | ||
| Dividends declared and not paid | 9,485,791 | 9,487,509 | 119,744 | ||
| Noncash contribution of assets | 4,443,174 | — | — | ||
The accompanying notes are an integral pa
Source: Item 23 — Receipts (FDD pages 103–600)
What This Means (2025 FDD)
According to Chick Fil A's 2025 Franchise Disclosure Document, the highest system-wide sales figure reported is approximately $22,746,105,000 for the year 2024. This figure represents the total sales generated from all Chick Fil A franchised and company-operated restaurants. The document also provides system-wide sales figures for the years 2023 and 2022, which were approximately $21,585,752,000 and $18,814,024,000, respectively.
This information is valuable for potential franchisees as it provides insight into the overall performance and revenue generation of the Chick Fil A system. While this is not 'Net Sales' for a single unit, it demonstrates the brand's strength and growth trajectory. A prospective franchisee can use this data to assess the potential market demand and revenue opportunities associated with opening a Chick Fil A restaurant. However, it is important to note that individual restaurant performance may vary based on location, market conditions, and operational efficiency.
It is important for prospective franchisees to conduct thorough due diligence and consider various factors beyond system-wide sales when evaluating a franchise opportunity. This includes analyzing the financial performance of existing Chick Fil A restaurants in similar markets, understanding the competitive landscape, and assessing the franchisor's support and training programs. While the FDD provides valuable information, consulting with current franchisees and financial advisors is crucial for making an informed investment decision.