When does the Del Taco parent company's fiscal year end?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
een prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and the rules and regulations of the Securities and Exchange Commission ("SEC").
Fiscal year — The Company's fiscal year is the 52 or 53 weeks ending the Sunday closest to September 30. In fiscal 2023, Del Taco operated on a fiscal year ending the Tuesday closest to September 30. Beginning fiscal 2024, Del Taco's fiscal year shifted to align with Jack in the Box. As a result, Del Taco's fiscal 2024 results include two fewer days. Comparisons throughout these notes to the consolidated financial statements refer to the 52-week periods ended September 29, 2024, October 1, 2023, and October 2, 2022 for fiscal years 2024, 2023, and 2022.
Principles of consolidation — The accompanying consolidated financial statements include the accounts of Jack in the Box Inc. and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation.
Use of estimates — In preparing the consolidated financial statements in conformity with U.S.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to the 2025 Del Taco Franchise Disclosure Document, the parent company Jack in the Box Inc.'s fiscal year ends on the Sunday closest to September 30, and consists of either 52 or 53 weeks. Del Taco's fiscal year end was previously the Tuesday closest to September 30 in 2023. However, starting in 2024, Del Taco's fiscal year was shifted to align with that of Jack in the Box.
For prospective Del Taco franchisees, this means that the financial performance of Del Taco will be reported under this fiscal year calendar. Franchisees should be aware of this timing when reviewing financial statements or comparing year-over-year performance. The FDD notes that the fiscal years 2025 and 2024 both include 52 weeks.
It is important to note that the first quarter includes 16 weeks, while all other quarters include 12 weeks. Any comparisons between 2025 and 2024 in the financial statements refer to the 16 weeks ended January 19, 2025, and January 21, 2024, respectively, unless otherwise indicated.