Based on the 2025 Cordova Franchise Disclosure Document, there is no explicit mention of a full profit and loss statement being included. However, Item 19 regarding Financial Performance Representations does provide some financial data. Specifically, it mentions that the financial information provided was not prepared on a basis consistent with generally accepted accounting principles. The item references data from a Company Owned Outlet, but states that Cordova does not have any Franchise Outlets.

Item 19 includes definitions of financial terms such as "Gross Sales" (total revenue less sales tax, discounts, allowances, and returns) and "Disclosed Expenses" (rent, utilities, office supplies, marketing, insurance, technology, and administrative/management labor cost). It also defines "Franchise Related Expenses" as select fees like Royalty Fees, Brand Development Fund Fees, Technology Fees, and local marketing expenditures. These definitions suggest that some level of financial performance data is presented, although not in the format of a standardized profit and loss statement.

Given the absence of a standard profit and loss statement, prospective Cordova franchisees should inquire about the specific financial data available, how it was calculated, and what assumptions were used. Understanding the basis and limitations of the financial information is crucial for making an informed investment decision. It would be prudent to request detailed historical financial performance data, including revenue, expenses, and profitability metrics, to conduct a thorough financial analysis.