Do the City Publications financial statements include an income statement?

According to City Publications' 2025 Franchise Disclosure Document, the financial statements include a statement of operations. An independent auditor's report states that they audited the balance sheets of City Publications as of December 31, 2024, and 2023, and the related statements of operations, shareholders' deficit, and cash flows for the years ended December 31, 2024, and 2023.

This indicates that the financial statements include not only balance sheets and cash flow statements, but also statements of operations, which are commonly referred to as income statements. The inclusion of these statements provides a comprehensive view of City Publications' financial performance over the stated periods.

Prospective franchisees can review these statements to understand the company's profitability, revenue generation, and expense management. This information is crucial for assessing the financial health and stability of City Publications, which can influence a franchisee's decision to invest in the franchise.