When does Hardees' retail accounting calendar end?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
We operate on a retail accounting calendar, ending on the last Monday in January. For clarity of presentation, we generally label all years presented as if the fiscal year ended January 31. The fiscal year ended January 27, 2025 is referred to herein as fiscal 2025 or the fiscal year ended January 31, 2025. The fiscal year ended January 29, 2024 is referred to herein as fiscal 2024 or the fiscal year ended January 31, 2024. The first quarter of our fiscal year has four periods, or 16 weeks. All other quarters generally have three periods, or 12 weeks.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the company operates on a retail accounting calendar that concludes on the last Monday in January. To simplify presentation, Hardees generally labels all years as if the fiscal year ended on January 31.
For example, the fiscal year that ended on January 27, 2025, is referred to as fiscal 2025 or the fiscal year ended January 31, 2025. Similarly, the fiscal year ended January 29, 2024, is referred to as fiscal 2024 or the fiscal year ended January 31, 2024.
This standardization helps in comparing financial data across different years, despite the slight variations in the actual ending date. This is a fairly common practice among retail businesses, as it allows for consistent reporting periods and easier analysis of financial performance.