What was the net income for Dq Treat in 2024?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
| Years ended December 31 | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| Revenues | ||||
| Service fees | $ 198,627 | $ 188,908 | $ 173,116 | |
| Other fees and franchise sales | 45,681 | 45,918 | 46,482 | |
| Sales of advertising kits | 9,446 | 9,751 | 13,939 | |
| Sales of company-owned restaurants | 3,633 | 3,412 | 3,146 | |
| Other | 254 | 272 | 254 | |
| Total revenues | 257,641 | 248,261 | 236,937 | |
| Costs and expenses | ||||
| Costs of other fees and franchise sales | 3,393 | 2,971 | 4,919 | |
| Cost of sales of advertising kits | 8,725 | 9,090 | 12,647 | |
| Costs of company-owned restaurants | 3,913 | 3,805 | 3,593 | |
| Selling, general, and administrative | 115,600 | 111,911 | 99,868 | |
| Total costs and expenses | 131,631 | 127,777 | 121,027 | |
| Operating income | 126,010 | 120,484 | 115,910 | |
| Net interest income | 3,137 | 3,370 | 1,249 | |
| Income before income taxes | 129,147 | 123,854 | 117,159 | |
| Provision for income taxes | 31,272 | 29,970 | 28,340 | |
| Net income | $ 97,875 | $ 93,884 | $ 88,819 | |
| Comprehensive income, net of tax | ||||
| Net income | $ 97,875 | $ 93,884 | $ 88,819 | |
| Other comprehensive (loss) income - changes in | (941) | (19) | (800) | |
| cumulative translation adjustment | ||||
| Comprehensive income | $ 96,934 | $ 93,865 | $ 88,019 |
Source: Item 17 — The following paragraph is added to the end of Item 17 of the Disclosure Document: (FDD pages 70–378)
What This Means (2025 FDD)
According to Dq Treat's 2025 Franchise Disclosure Document, the company's net income for the year 2024 was $97,875. This figure represents the profit Dq Treat retained after deducting all costs and expenses, including costs of sales, operating expenses, interest, and income taxes, from its total revenues. This net income figure is a key indicator of Dq Treat's overall financial performance and profitability for that year.
In addition to net income, the FDD provides a breakdown of Dq Treat's revenues and expenses. Total revenues for 2024 amounted to $257,641, comprising service fees ($198,627), other fees and franchise sales ($45,681), sales of advertising kits ($9,446), sales of company-owned restaurants ($3,633), and other income ($254). Total costs and expenses totaled $131,631, including costs of other fees and franchise sales ($3,393), cost of sales of advertising kits ($8,725), costs of company-owned restaurants ($3,913), and selling, general, and administrative expenses ($115,600).
The document also details other financial metrics, such as operating income ($126,010), net interest income ($3,137), income before income taxes ($129,147), and provision for income taxes ($31,272). Furthermore, the comprehensive income, net of tax, is reported as $96,934 for 2024. These figures provide a more complete picture of Dq Treat's financial health and performance, allowing potential franchisees to assess the company's profitability and stability.
Prospective franchisees should analyze these figures in conjunction with other information in the FDD, such as the company's balance sheet and cash flow statement, to gain a comprehensive understanding of Dq Treat's financial position. Comparing these figures to previous years (2023 and 2022 are also provided) can reveal trends and provide insights into the company's growth and financial management. It is also advisable to consult with a financial advisor to properly interpret these financial statements and assess the financial viability of investing in a Dq Treat franchise.