What is the earliest date the Floyds 99 fiscal year can 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 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, the earliest the company's fiscal year ended in the provided financial statements was December 25, 2022. The document includes an Independent Auditor's Report that references the company's balance sheets as of December 29, 2024; December 31, 2023; and December 25, 2022.
This indicates that Floyds 99 does not necessarily adhere to a standard calendar year for its financial reporting. Instead, the fiscal year-end may fluctuate slightly from year to year. For a prospective franchisee, this variability means that financial performance comparisons should account for these differences in fiscal period lengths.
Understanding the specific dates covered by financial statements is crucial for accurate analysis. A potential franchisee should confirm with Floyds 99 the exact fiscal year-end date used for ongoing reporting and performance evaluations to ensure consistent benchmarking and financial planning.