When does the fiscal year end for Nothing Bundt Cakes?
Nothing_Bundt_Cakes Franchise · 2025 FDDAnswer from 2025 FDD Document
Fiscal Year
The Company's fiscal year ends on the last Sunday in December. The fiscal year 2022 in the following table encompasses a 52-week period whereas fiscal year 2023 reflects a 53-week period.
Source: Item 23 — RECEIPTS (FDD pages 93–309)
What This Means (2025 FDD)
According to Nothing Bundt Cakes' 2025 Franchise Disclosure Document, the company's fiscal year concludes on the last Sunday in December. This is a common practice for businesses, as it allows for a consistent end-of-year reporting period that aligns with the calendar year-end, while also accommodating the variability of weeks across different years.
For prospective franchisees, understanding the fiscal year-end is important for financial planning and reporting. It dictates the periods for which franchisees will need to prepare and submit financial statements to Nothing Bundt Cakes, as well as for their own tax and accounting purposes. Knowing that the fiscal year ends on the last Sunday in December helps franchisees align their business operations and reporting schedules accordingly.
Notably, the 2025 FDD mentions that the fiscal year 2022 encompassed a 52-week period, while the fiscal year 2023 reflected a 53-week period. This variation is due to the calendar alignment and the specific day of the week on which December falls each year. Franchisees should be aware of these potential variations, as they can impact financial comparisons between years. The 2024 fiscal year also encompassed a 52-week period.