What period did Del Taco use for its 2022 fiscal year?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
| Fiscal | 2024 | 2023 | 2022 | 2021 | 2020 | |---|---|---|---|---|---| | Year | | | Annualized* | | | | Number of | 387 | 275 | 278 | 277 | 267 | | Restaurants | | | | | | | (open at least | | | | | | | 12 months) | | | | | | | Average Sales | $1,613,899 | $1,630,406 | $1,618,863 | $1,536,948 | $1,407,877 | | Number/ | 176/45% | 120/44% | 122/44% | 118/43% | 112/42% | | Percentage | | | | | | | of | | | | | | | Restaurants | | | | | | | Greater than | | | | | | | Average | | | | | | | Median Sales | $1,541,335 | $1,515,241 | $1,524,836 | $1,464,398 | $1,345,341 | | Highest Sales | $6,898,837 | $6,100,496 | $5,717,244 | $5,328,021 | $4,832,632 | | Lowest Sales | $380,237 | $485,805 | $512,068 | $526,215 | $388,472 |
*In 2022, we changed our fiscal year. As a result, unlike prior years, the 2022 fiscal year was not a 52-week period. Our reduced 2022 fiscal year was the 40-week period from December 30, 2021 through October 4, 2022. During that reduced period, the 278 freestanding franchised restaurants described in Table 19-1: had average sales of $1,245,279 (122 (44%) restaurants met or exceeded that average); had median sales of $1,172,951; the highest sales were $4,397,880; and the lowest sales were $393,898. These numbers have been annualized in the above table (by dividing the amoun
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 47–54)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the company's fiscal year 2022 was a reduced year, spanning from December 30, 2021, through October 4, 2022. This deviates from a typical 52-week fiscal year, as noted in the document. This change in fiscal year impacts the presentation and comparison of financial data for that period.
The financial performance data for 2022, such as average sales and operating profit, has been annualized to represent a 52-week period for better comparison with other years. This adjustment is crucial for prospective franchisees to understand, as the raw, unadjusted numbers would reflect a shorter operating period and could be misleading if not properly interpreted. The FDD provides this data to give potential franchisees an idea of what they might expect in sales and profits.
It is important for potential Del Taco franchisees to consider the implications of this shortened fiscal year when reviewing the financial performance representations. While the data has been annualized, it is still based on a different operational period than the other years presented. Prospective franchisees should carefully review the notes and disclosures in Item 19 of the FDD to fully understand how the 2022 data was adjusted and how it compares to the performance of Del Taco restaurants in other years.