What years are covered by the consolidated statements of operations, changes in member's deficit, and cash flows included in the Cinnabon FDD opinion?
Cinnabon Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the consolidated financial statements of GoTo Foods 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 deficit, and cash flows for the years then ended, and the related notes to the consolidated financial statements.
Source: Item 23 — Receipts (FDD pages 114–399)
What This Means (2025 FDD)
According to Cinnabon's 2025 Franchise Disclosure Document, the consolidated financial statements include an audit report from Grant Thornton LLP. This report covers the consolidated balance sheets as of December 29, 2024, and December 31, 2023.
The audit also encompasses the related consolidated statements of operations, changes in member's deficit, and cash flows for the years then ended. This means the financial data presented in these statements reflects Cinnabon's financial performance and position for the fiscal years 2023 and 2024.
Prospective franchisees should carefully review these audited financial statements and related notes to understand Cinnabon's recent financial performance, including revenues, expenses, assets, liabilities, and cash flows. Understanding these trends can help a potential franchisee assess the financial health and stability of the Cinnabon franchise system.