What is the standard fiscal month for Cream?
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 Cream's 2025 Franchise Disclosure Document, the standard fiscal year ends on the fourth Sunday in December. However, there is a condition where the fiscal year can be extended by one week. If the fourth week of December ends before December 31st, the fiscal year will be extended by one week.
For a prospective Cream franchisee, this means that the financial performance and reporting will be based on this specific fiscal year-end date. Understanding this cycle is important for financial planning, tracking performance, and aligning with Cream's reporting requirements.
This type of fiscal year-end is not uncommon, especially in retail businesses, as it allows the company to capture the entire holiday shopping season in its financial reporting. Franchisees should be aware of this when reviewing financial statements and planning their own business operations.