What is the fiscal year end for Jersey Mikes?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024 AND 2023, AND FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, AND 2022
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 76–77)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is evidenced by the consolidated financial statements provided, which cover the periods ending December 31, 2024, 2023, and 2022.
For a prospective franchisee, this means that Jersey Mike's financial performance, as reported in the FDD, is based on this annual cycle. Understanding the fiscal year-end is crucial for analyzing the financial data presented, as it provides a consistent timeframe for comparing revenues, expenses, and profits.
This information is typically used to assess the financial health and stability of Jersey Mike's, which can influence a franchisee's decision to invest. Knowing the fiscal year-end also helps in understanding when annual reports and financial updates are typically released, allowing franchisees to stay informed about the company's performance.