Under what condition is Cream's fiscal year extended?

According to Cream's 2025 Franchise Disclosure Document, the company operates on a 52-/53-week fiscal year, which typically ends on the fourth Sunday of December. However, Cream's fiscal year is extended by one week if the fourth week of December ends before December 31st. This ensures that the fiscal year always includes the full business activity up to the end of the calendar year, which is a common accounting practice.

For a prospective Cream franchisee, this means that the financial reporting and analysis will align with this specific fiscal year-end definition. Understanding this is important for budgeting, financial planning, and comparing year-over-year performance. Franchisees should be aware of this potential extension when reviewing financial statements and planning their business operations.

This type of fiscal year-end is not uncommon, particularly in retail businesses where the holiday season significantly impacts sales. By ensuring the fiscal year captures the entirety of December's business, Cream aims to provide a more accurate reflection of the company's financial performance.