What period does the fiscal year 2024 encompass for Nothing Bundt Cakes?
Nothing_Bundt_Cakes Franchise · 2025 FDDAnswer 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 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 ends on the last Sunday in December. The document specifies that fiscal year 2024 encompasses a 52-week period.
This means that for franchisees analyzing Nothing Bundt Cakes' financial performance, the 2024 fiscal year data reflects the company's operations over those 52 weeks, ending on the last Sunday of December. This is a standard accounting practice, but it's important to note because the length of the fiscal year can vary slightly.
Prospective franchisees should be aware that Nothing Bundt Cakes' fiscal year structure may differ from a standard calendar year. When reviewing financial statements, it's crucial to understand the specific period covered to accurately assess performance and trends. The FDD also notes that the fiscal year 2023 was a 53-week period, so comparing these two years directly may require some adjustment to account for the extra week in 2023.