What items are included in the audited financial statements for Jack In The Box?
Jack_In_The_Box Franchise · 2025 FDDAnswer from 2025 FDD Document
o, CA 92121-3132
Independent Auditors' Report
The Board of Managers Jack in the Box SPV Guarantor, LLC:
Opinion
We have audited the consolidated financial statements of Jack in the Box SPV Guarantor, LLC and its subsidiaries (the Company), which comprise the consolidated balance sheets as of September 29, 2024 and October 1, 2023, and the related consolidated statements of earnings, member's deficit, and cash flows for the fifty-two week periods ended September 29, 2024, October 1, 2023, and October 2, 2022, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of September 29, 2024 and October 1, 2023, and the results of its operations and its cash flows for each of the fifty-two week periods ended September 29, 2024, October 1, 2023, and October 2, 2022 in accordance with U.S. generally accepted accounting principles.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Consolidated Financial Statements section of our report.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 93–94)
What This Means (2025 FDD)
According to the 2025 FDD, the audited consolidated financial statements for Jack in the Box SPV Guarantor, LLC and subsidiaries include consolidated balance sheets as of September 29, 2024, and October 1, 2023. These statements also feature consolidated statements of earnings, member's deficit, and cash flows for the fifty-two week periods ending September 29, 2024, October 1, 2023, and October 2, 2022, along with related notes. The audit was conducted by KPMG LLP. An independent auditor's report is included with the financial statements.
Additionally, the audited consolidated balance sheets of Jack in the Box Inc. and subsidiaries as of September 29, 2024 and October 1, 2023 are included. These financials also contain the related consolidated statements of operations, comprehensive (loss) income, cash flows and stockholders' deficit for each of the fifty-two week periods ended September 29, 2024, October 1, 2023 and October 2, 2022.
These financial statements provide prospective Jack In The Box franchisees with an overview of the company's financial performance and position, including its assets, liabilities, equity, revenues, and expenses. Reviewing these statements can help potential franchisees assess the financial health and stability of Jack In The Box, which is crucial for making an informed investment decision. The inclusion of notes to the financial statements offers further details on accounting policies, debt obligations, and other significant financial matters, providing a more comprehensive understanding of the company's financial standing.