When does Cream's fiscal year end?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
Our fiscal year ends on the fourth Sunday in the fiscal month of December, except when the fourth week of the fiscal month of December ends before December 31st, in which case our fiscal year is extended by one week.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 60)
What This Means (2025 FDD)
According to the 2025 FDD, Cream's fiscal year concludes on the fourth Sunday of December, with a specific condition. If the fourth week of December ends before December 31st, the fiscal year is extended by one week.
For a prospective Cream franchisee, this means that the exact end date of the fiscal year can vary slightly from year to year, depending on the calendar. This is important for financial planning, reporting, and understanding the performance data presented in the FDD, which is based on Cream's fiscal year.
Many companies use a standard calendar year (ending December 31st) for simplicity, but Cream uses a 52/53-week fiscal year ending on a Sunday. This is not uncommon in the retail and restaurant industries, as it allows for consistent comparison of weekly sales data. Franchisees should be aware of this when reviewing financial statements and comparing performance across different periods.