factual

What years are covered in the consolidated statements of comprehensive earnings for Chick Fil A?

Chick_Fil_A Franchise · 2025 FDD

Answer 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 consolidated statements of comprehensive earnings include data for the years 2024, 2023, and 2022. These statements provide a summary of the company's financial performance over this three-year period, offering insights into its profitability and overall financial health. The consolidated financial statements also include balance sheets as of December 31, 2024 and 2023, as well as statements of stockholders' equity and cash flows for each of the three years.

Prospective franchisees can review these statements to understand Chick Fil A's revenue, expenses, and earnings trends. Analyzing these trends can help potential franchisees assess the stability and growth potential of the company. It's important to note that past performance is not necessarily indicative of future results, but it can provide valuable context for evaluating the franchise opportunity.

Furthermore, the FDD includes an audit report from an independent auditor, which offers an opinion on the fairness and accuracy of the consolidated financial statements. This audit provides an additional level of assurance for prospective franchisees, as it indicates that the financial statements have been reviewed and verified by an independent third party. Franchisees should carefully examine these audited financial statements along with the accompanying notes to gain a comprehensive understanding of Chick Fil A's financial position and operating results.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.