What is the date of the auditor's report for Cinnabon's financial statements?
Cinnabon Franchise · 2025 FDDAnswer from 2025 FDD Document
1100 Peachtree Street NE, Suite 1400 Atlanta, GA 30309
D +1 404 330 2000 F +1 404 475 0107
GRANT THORNTON LLP REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Member GoTo Foods Systems LLC and Subsidiaries
Opinion
We have audited the consolidated financial statements of GoTo Foods Systems LLC (a Delaware limited liability company) and subsidiaries (the "Company"), which comprise the consolidated balance sheets as of December 29, 2024 and December 31, 2023, and the related consolidated statements of operations, changes in member's equity, and cash flows for the years ended December 29, 2024, December 31, 2023, and December 25, 2022, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 29, 2024 and December 31, 2023, and the results of its operations and its cash flows for the years ended December 29, 2024, December 31, 2023, and December 25, 2022 in accordance with accounting principles generally accepted in the United States of America.
Basis for opinion
We conducted our audits of the consolidated financial statements in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of management for the financial statements
Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
Source: Item 23 — Receipts (FDD pages 114–399)
What This Means (2025 FDD)
According to Cinnabon's 2025 Franchise Disclosure Document, the auditor's report for the consolidated financial statements of GoTo Foods Systems LLC and subsidiaries is provided by Grant Thornton LLP. This report includes an opinion on the financial statements as of December 29, 2024, and December 31, 2023.
The auditor's opinion confirms that the financial statements fairly represent the financial position of GoTo Foods Systems LLC as of these dates, and the results of its operations and cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
The auditor conducted their audits in accordance with auditing standards generally accepted in the United States of America (US GAAS) and believes that the audit evidence obtained is sufficient and appropriate to provide a basis for their audit opinion. Management is responsible for the preparation and fair presentation of the consolidated financial statements.