What is the fiscal year end for Crisp & Green?

According to Crisp & Green's 2024 Franchise Disclosure Document, the company's fiscal year consists of either 52 or 53 weekly periods, each containing seven consecutive calendar days. The FDD states that the last day of the fiscal year is the Monday closest to December 31st, and the first day of the next fiscal year is the Tuesday closest to December 31st, regardless of whether those days fall in late December or early January.

For a prospective Crisp & Green franchisee, this means that the end of the fiscal year may shift slightly from year to year, depending on the calendar. This is not uncommon, as many businesses use a 52/53 week fiscal year for ease of accounting and reporting, particularly in retail or restaurant settings where weekly sales data is important. The financial statements included in the FDD are audited for the years ended December 31, 2023, 2022, and 2021.

Understanding the fiscal year-end is important for franchisees as it dictates the periods for financial reporting, tax filings, and performance reviews. Franchisees should be aware of this definition and how it might affect their business planning and financial obligations. It is important to note that while the financial statements in the FDD are reported as of December 31st, the actual fiscal year-end may vary slightly based on the day of the week.