What was the net income per common share for Monicals Pizza in 2023?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
-----------------------|------|------------|----|------------------------------------------------|--| | OPERATING REVENUES: | | | | | | | Restaurant sales | $ | 45,815,328 | $ | 45,177,919 | | | Franchising revenues | • | 1,005,855 | , | 977,549 | | | Total operating revenues | | 46,821,183 | | 46,155,468 | | | OPERATING EXPENSES (INCOME): | | | | | | | Cost of restaurant sales | | 11,953,858 | | 12,624,482 | | | Store labor | | 17,728,791 | | 17,402,656 | | | Operating | | 5.702.647 | | 5,968,408 | | | Occupancy | | 3,828,519 | | 3,856,181 | | | Depreciation | | 1,165,083 | | 1,177,751 | | | General and administrative | | 4,935,692 | | 4,324,512 | | | Profit sharing | | 163,266 | | 97,130 | | | Net gain from insurance proceeds | | (33,290) | | (50,915) | | | Total operating expenses | | 45,444,566 | | 45,400,205 | | | OPERATING INCOME | | 1,376,617 | | 755,263 | | | OTHER INCOME (EXPENSES): | | | | | | | Interest income | | 307,758 | | 124,907 | | | Interest expense - finance leases | | (34,864) | | (16,152) | | | Other income | | 33,464 | | 31,297 | | | Loss on sale of fixed assets | | (2,404) | | (1,030) | | | Total other income | | 303,954 | | 139,022 | | | NET INCOME | | 1,680,571 | | 894,285 , | | | Basic and diluted income per common share: | _ | | _ | | | | Net income per common share | $ | 4.30 | $ | 2.29 | | | Weighted average shares outstanding | | 391,250 | | 391,175 | |
**CONSOLIDATED STATEMENTS OF OWNERS' EQUIT
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the net income per common share in 2023 was $4.30. This is based on a weighted average of 391,250 shares outstanding. In comparison, the net income per common share in 2022 was $2.29, with 391,175 weighted average shares outstanding.
This metric provides insight into the profitability of Monicals Pizza on a per-share basis, which is a standard financial indicator used to evaluate a company's performance. A higher net income per share generally indicates better profitability and can be attractive to potential investors or franchisees. The increase from $2.29 in 2022 to $4.30 in 2023 suggests a significant improvement in the company's earnings relative to the number of shares outstanding.
For a prospective franchisee, understanding the net income per common share can help assess the financial health and potential returns of investing in a Monicals Pizza franchise. While franchisees do not directly purchase shares, this information reflects the overall financial performance of the company, which can impact the stability and growth of the franchise system. It's important to consider this figure in conjunction with other financial metrics and qualitative factors when evaluating the franchise opportunity.
It is also important to note that these figures are based on the consolidated financial statements of Monical Pizza Corporation and its subsidiaries. These statements have been audited by Baker Tilly US, LLP, and their report indicates that the financial statements present fairly the financial position of the company as of December 31, 2023, and 2022.