What is the time period covered by the financial statements for Del Taco?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements include comparisons referring to the 52-week periods that ended on September 29, 2024, October 1, 2023, and October 2, 2022. These dates represent the end of the fiscal years 2024, 2023, and 2022 for Del Taco.
It is important to note that Del Taco's fiscal year-end changed. Prior to fiscal year 2024, Del Taco operated on a fiscal year ending on the Tuesday closest to September 30. However, starting in fiscal year 2024, Del Taco's fiscal year was shifted to align with that of Jack in the Box, which ends on the Sunday closest to September 30. As a result of this shift, Del Taco's fiscal 2024 results include two fewer days compared to previous years.
Prospective franchisees should be aware of this change in fiscal year-end when reviewing and comparing financial data across different periods. Understanding the specific timeframes covered by the financial statements is crucial for accurate financial analysis and decision-making.