On what day of the week does the fiscal year for Floyds 99 typically end?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Floyd's 99 Franchising, LLC (the "Company"), which comprise the balance sheet as of December 29, 2024; December 31, 2023; and December 25, 2022 and the related statements of operations, member's equity, and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the company's fiscal year does not consistently end on the same day of the week. The independent auditor's report indicates that the balance sheet dates were December 29, 2024, December 31, 2023, and December 25, 2022.
Specifically, December 29, 2024, was a Sunday, December 31, 2023, was a Sunday, and December 25, 2022, was a Sunday. This shows that the fiscal year for Floyds 99 Franchising, LLC ended on a Sunday for each of the three years presented in the provided FDD excerpt.
For a prospective franchisee, this information is useful for understanding the accounting practices of Floyds 99 and for aligning their own business planning and financial reporting with the company's fiscal calendar. Knowing the fiscal year-end can be important for tax planning, budgeting, and comparing financial performance year-over-year.