What years are covered in the consolidated statements of income and comprehensive income for 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)
According to Dq Treat's 2025 Franchise Disclosure Document, the consolidated statements of income and comprehensive income include data for the years ended December 31, 2024, 2023, and 2022. These statements are part of the audited financial statements of IDQ (International Dairy Queen, Inc.), the parent corporation of ADQ and its other subsidiaries, and are included as Exhibit K in the FDD.
These financial statements provide a prospective Dq Treat franchisee with an overview of the company's financial performance over the past three years. By examining these statements, a franchisee can assess Dq Treat's revenue, expenses, and profitability trends. This historical data can be useful in projecting potential future performance and understanding the financial stability of the Dq Treat franchise system.
The inclusion of three years' worth of data is a standard practice in franchise disclosure documents, allowing potential franchisees to evaluate the franchisor's financial track record. The independent auditor's report included with the financial statements offers an additional level of assurance regarding the accuracy and reliability of the information presented. Prospective franchisees should carefully review these statements and consult with a financial advisor to fully understand the financial health and performance of Dq Treat.