What years are covered by the Noodles & Company consolidated statements of stockholders' equity?
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 consolidated statements of stockholders' equity include data for a three-year period. Specifically, the statements cover the years ended December 31, 2024, January 2, 2024, and January 3, 2023.
This means that the financial statements provide a historical view of Noodles & Company's equity position, allowing prospective franchisees to analyze trends and changes in the company's equity over these three years. Understanding these trends can be valuable in assessing the financial stability and performance of Noodles & Company.
The FDD clarifies that Noodles & Company operates on a fiscal year that ends on the Tuesday closest to December 31. Fiscal years 2024 and 2023 ended on December 31, 2024 and January 2, 2024, respectively, each containing 52 weeks. Fiscal year 2022 ended on January 3, 2023 and contained 53 weeks. This is a common practice, especially for retail businesses, as it allows for consistent comparison of weekly sales data.