How are the quartiles determined in the Golden Krust Caribbean Restaurant financial performance representation?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
Specifically, the information in the four tables is organized into four quartiles ("Quartiles") which were determined based on the Gross Sales generated by those respective 106 franchised locations during the 2023 fiscal year in descending order. The first quartile is comprised of the 26 franchised locations that generated the most Gross Sales during the 2023 fiscal year ("First Quartile"); the second quartile is comprised of the next 26 franchised locations ("Second Quartile"); the third quartile is comprised of the next 27 locations ("Third Quartile"); and the fourth quartile is comprised of the remaining 27 locations ("Fourth Quartile").
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 29–32)
What This Means (2024 FDD)
According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the financial performance data is divided into quartiles based on gross sales of 106 franchised locations during the 2023 fiscal year. These locations are traditional Golden Krust Caribbean Bakery and Grill Restaurants within the United States. The franchised locations are ranked in descending order according to their gross sales.
The top 26 locations with the highest gross sales are categorized into the First Quartile. The next 26 locations form the Second Quartile. The Third Quartile consists of the subsequent 27 locations, and the remaining 27 locations are placed in the Fourth Quartile.
This method of quartile division allows prospective franchisees to see a range of performance among existing locations. It's important to note that these figures are based on historical data and do not guarantee future performance. A prospective franchisee should consider these quartiles as a general guide and understand that their individual results may differ significantly.