table_specific

What is the purpose of the footnote '&lt;1:C23A/;=C<BA/::=1/B324@=;@3D3<C34@=;/447:7/B3A@3:/B7<5B=@3<B/:@3D3<C3' in the Jack In The Box financial statements?

Jack_In_The_Box Franchise · 2025 FDD

Answer from 2025 FDD Document

&lt;1:C23A/;=C<BA/::=1/B324@=;@3D3<C34@=;/447:7/B3A@3:/B7<5B=@3<B/:@3D3<C3

<1:C23A/;=C<BA/::=1/B324@=;@3D3<C34@=;/447:7/B3A@3:/B7<5@=G/:BG@3D3<C3

*"!'%''&*K &C@ 1=<B@/1B:7/07:7B73A 1=<A7AB =4 2343@@32 @3D3<C3 @3AC:B7<5 4@=;7<7B7/: 433A @3137D32 4@=; 4@/<167A33A 4=@ <3E @3AB/C@/<B =>3<7<5A =@ <3E 4@/<167A3 B3@;A E6716 /@3 53<3@/::G @31=5<7H32 =D3@ B63 4@/<167A3B3@; -31:/AA74GB63A31=<B@/1B:7/07:7B73A/AL11@C32:7/07:7B73AM/<2L&B63@:=<5 B3@;:7/07:7B73AM7<=C@ 1=<A=:72/B320/:/<13A633BA

Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 93–94)

What This Means (2025 FDD)

According to the 2025 Jack In The Box Franchise Disclosure Document, the footnote '<1:C23A/;=C<BA/::=1/B324@=;@3D3<C34@=;/447:7/B3A@3:/B7<5B=@3<B/:@3D3<C3' refers to the fact that certain consolidated financial statement line items for different periods are reclassified to conform with the current presentation. This ensures consistency when comparing financial data across different reporting periods. This reclassification is done to provide a more accurate and comparable view of Jack In The Box's financial performance over time.

For a prospective Jack In The Box franchisee, understanding this footnote is important because it highlights that the financial statements may have been adjusted for consistency. This means that past financial data has been modified to align with the current reporting methods, allowing for a more reliable comparison of financial performance. Franchisees should be aware that when reviewing historical financial data, the numbers presented have been standardized for better analysis.

This practice is common in financial reporting to ensure that financial statements are clear and comparable, especially when there are changes in accounting standards or the way a company presents its financials. Franchisees should pay attention to these reclassifications to avoid misinterpreting the financial trends and performance of Jack In The Box. By understanding these adjustments, franchisees can make more informed decisions based on accurate and consistent financial information.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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