As of what dates are the audited consolidated balance sheets of Noodles & Company provided?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
The following consolidated financial statements of Noodles & Company are attached to this disclosure document as Exhibit F: Audited consolidated balance sheets of Noodles & Company as of December 31, 2024 and January 2, 2024 and the related consolidated statements of operations, stockholders' equity and cash flows for each of the three years ended December 31, 2024, January 2, 2024, and January 3, 2023.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 97–98)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the audited consolidated balance sheets are provided as of December 31, 2024, and January 2, 2024. Additionally, the related consolidated statements of operations, stockholders' equity, and cash flows are included for each of the three years ended December 31, 2024, January 2, 2024, and January 3, 2023.
This means that prospective Noodles & Company franchisees can review the company's financial performance and position for the past three fiscal years. These statements offer insights into Noodles & Company's assets, liabilities, equity, revenues, expenses, and cash flows, which can help potential franchisees assess the financial stability and profitability of the company.
The inclusion of three years' worth of financial statements is a standard practice in franchise disclosure documents, allowing potential franchisees to identify trends and evaluate the company's financial health over time. The balance sheets provide a snapshot of the company's financial position at specific points in time, while the statements of operations, stockholders' equity, and cash flows detail the company's financial performance over the reporting periods.