What is the latest 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 company's balance sheet dates indicate the fiscal year can end as late as December 31st.
Specifically, the independent auditor's report references balance sheets as of December 29, 2024; December 31, 2023; and December 25, 2022. This shows that the fiscal year-end date has varied in recent years, but the latest it ended was December 31st.
For a prospective Floyds 99 franchisee, this information is relevant for understanding the financial reporting periods of the company. Franchisees will likely need to align their own accounting practices and reporting with Floyds 99's fiscal year for consistency and accurate financial oversight.