What was the total value of Fat Shack's retained earnings at the end of 2024?

According to Fat Shack's 2025 Franchise Disclosure Document, the Statement of Stockholders' Equity provides details on retained earnings. However, the excerpt provided does not include the actual figures for retained earnings as of December 31, 2024. The document includes an auditor's report and information about the company's structure and accounting practices, but it lacks the specific financial data needed to answer the question about retained earnings.

Without the specific figures, it's impossible to determine the total value of Fat Shack's retained earnings at the end of 2024. The FDD does contain the Statement of Stockholders' Equity, which is where this information would typically be found.

A prospective franchisee should carefully review the full audited financial statements within Item 23 of the FDD and consult with a financial advisor to fully understand Fat Shack's financial performance and stability. Specifically, they should confirm the retained earnings figure for 2024 and analyze the trends in retained earnings over the past three years to assess the company's profitability and financial health.