As of what date are the consolidated balance sheets of IDQ for Dq Treat presented?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
The following audited financial statements of IDQ are included in this disclosure document as Exhibit K: consolidated balance sheets of IDQ at December 31, 2024 and 2023 and related consolidated statements of income and comprehensive income, stockholder's equity and cash flows for each of the years ended December 31, 2024, 2023 and 2022, together with the independent auditor's report.
Source: Item 21 — UItem 21U***:** U**Financial Statements (FDD page 67)
What This Means (2025 FDD)
According to Dq Treat's 2025 Franchise Disclosure Document, the consolidated balance sheets of International Dairy Queen, Inc. (IDQ) are presented as of December 31, 2024, and December 31, 2023. These balance sheets are part of the audited financial statements of IDQ included as Exhibit K in the FDD.
These financial statements also include related consolidated statements of income and comprehensive income, stockholder's equity, and cash flows for each of the years ended December 31, 2024, 2023, and 2022. The inclusion of these audited financial statements allows prospective Dq Treat franchisees to review IDQ's financial performance over the past three years.
It is important to note that these are the financial statements of IDQ, the parent corporation of American Dairy Queen Corporation (ADQ), which is the actual franchisor. While ADQ's separate financial statements are not included, IDQ guarantees ADQ's obligations to its franchisees, providing an additional layer of financial security for Dq Treat franchisees.