What years are covered in the consolidated balance sheets of IDQ related to Dq Treat?
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)
The 2025 Dq Treat Franchise Disclosure Document includes the consolidated balance sheets of International Dairy Queen (IDQ) at December 31, 2024, and 2023. These financial statements also incorporate related consolidated statements of income, comprehensive income, stockholder's equity, and cash flows. These statements cover each of the years ended December 31, 2024, 2023, and 2022, along with an independent auditor's report.
These financial statements are for IDQ, the parent corporation of American Dairy Queen (ADQ) and its other subsidiaries. The FDD clarifies that ADQ's separate financial statements are not included in the document. However, IDQ guarantees the obligations of ADQ to its franchisees, providing a level of financial security for Dq Treat franchisees.
Prospective franchisees should review these financial statements carefully to understand the financial health and performance of IDQ, as this could indirectly impact the Dq Treat franchise system. Understanding IDQ's financial position can offer insights into the stability and resources available to support the Dq Treat brand.