factual

Are the audited financial statements for Nothing Bundt Cakes for a 52-week period?

Nothing_Bundt_Cakes Franchise · 2025 FDD

Answer from 2025 FDD Document

  • b. Fiscal Year The Company's fiscal year ends on the last Sunday in December. Fiscal year 2024 in the following table encompasses a 52-week period whereas fiscal year 2023 reflects a 53-week period.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 93)

What This Means (2025 FDD)

According to Nothing Bundt Cakes' 2025 Franchise Disclosure Document, the company's fiscal year ends on the last Sunday in December. The fiscal year 2024 encompasses a 52-week period, while the fiscal year 2023 reflects a 53-week period. This indicates that the audited financial statements may not always be for a standard 52-week period, as one year in the provided documentation was 53 weeks.

For a prospective franchisee, this means that when reviewing and comparing financial performance across different years, it's important to consider that one year may have an extra week of sales and expenses. This could impact year-over-year revenue growth, profitability, and other key financial metrics. A 53-week year could show higher overall revenue, but it doesn't necessarily mean the business performed better on a weekly basis.

It is important for potential franchisees to carefully analyze the financial statements, understand the length of each fiscal year, and consider the potential impact of the extra week when making financial projections and business decisions. Consulting with a financial advisor is recommended to fully understand the implications of these variations in fiscal year length.

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.