factual

How many weeks were included in Cinnabon's consolidated financial statements for the fiscal year ended December 31, 2023?

Cinnabon Franchise · 2025 FDD

Answer from 2025 FDD Document

The Company operates on a fifty-two or fifty-three week fiscal year that ends on the last Sunday of the calendar year. The consolidated financial statements for the fiscal years ended December 29, 2024 and December 31, 2023 include fifty-two and fifty-three weeks, respectively.

Source: Item 23 — Receipts (FDD pages 114–399)

What This Means (2025 FDD)

According to Cinnabon's 2025 Franchise Disclosure Document, the company's fiscal year ends on the last Sunday of the calendar year and operates on either a 52 or 53-week fiscal year. For the fiscal year ended December 31, 2023, Cinnabon's consolidated financial statements included 53 weeks. In contrast, the fiscal year ended December 29, 2024, included 52 weeks. This variation is due to the company's fiscal year-end policy.

For a prospective Cinnabon franchisee, this information is relevant because it provides context for interpreting the financial statements. Understanding the length of the fiscal year is essential when comparing financial performance across different periods. A 53-week year may show slightly higher revenues or expenses compared to a 52-week year, simply due to the extra week of operations.

It is important to note that Cinnabon's financial performance can be influenced by the number of weeks in a given fiscal year. Franchisees should consider this when analyzing year-over-year financial data and making business decisions based on these figures. Prospective franchisees may want to inquire about how Cinnabon accounts for this variability in their financial reporting and forecasting.

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.