How does Eos Worldwide define the 'Reporting Period' used in Item 19?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
Each of the tables provided in this Item 19 only include franchises that have been teaching on EOS for more than twelve (12) months (i.e., they completed Boot Camp more than 12 months prior to the start of the reporting period). The tables do not include information for any franchisees that were not operating for more than 12 months from the start of the applicable Reporting Period (i.e., they did not complete Boot Camp training more than 12 months from the start of the applicable Reporting Period).
Each of the terms and concepts are used throughout this Item 19 with the following meanings:
(1) "Reporting Period" means each of the following quarterly periods Franchisees report performance to us:
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 59–65)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, the 'Reporting Period' in Item 19 refers to the quarterly periods during which franchisees report their performance to Eos Worldwide. The financial performance representations in Item 19 include only data from franchisees who have been teaching EOS for more than twelve months, meaning they completed Boot Camp more than 12 months before the start of the reporting period. Franchisees who were not operating for more than 12 months from the start of the applicable Reporting Period are excluded from the tables.
As of January 31, 2025, Eos Worldwide had 730 total franchisees operating in the United States. However, the financial data excludes 257 franchisees who had not completed Boot Camp more than 12 months before the start of the Reporting Period, two franchisees designated as Emeritus (semi-retired), and three franchisees who were full-time Eos Worldwide corporate employees operating their franchise on a part-time basis. Additionally, 47 operational franchisees who terminated their Franchise Agreements during this Reporting Period are also excluded.
This definition of 'Reporting Period' and the criteria for inclusion in Item 19's financial performance representations are important for prospective franchisees. It ensures that the data presented reflects a consistent and relevant performance history of established franchisees. By excluding franchisees who have not been operating for at least 12 months, Eos Worldwide aims to provide a more accurate picture of potential financial performance based on a reasonable period of operation. Prospective franchisees should be aware of these exclusions when reviewing the financial performance data, as their initial results may differ from those presented until they meet the criteria for inclusion in the Item 19 tables.