FDD Talk 2014: Our Latest Views on T.G.I. Friday’s Average Sales, Selected Expenses, and Operating Profits

In this FDD Talk post based on Item 19 of T.G.I. Friday’s 2014 FDD, you will find the answers to the following questions:

• What were the details of the 2013 average profit and loss statement for company-owned and joint venture T.G.I. Friday’s units?

• Does T.G.I. Friday’s profit and loss statement contain an item for royalty obligations?

• Does the statement include information for franchised units? If not, why not?

• How many company-owned and joint venture units were excluded from the profit and loss statement, and what were the reasons for their exclusion?

• As of December 30, 2013, what was the average length of time that the company-owned restaurants included in the statement have been open?

• Where are company-owned units typically located?

• What are some of the factors that can have a material impact on sales and expenses?

• How does the franchisor define the following terms:  Sales; Cost of Sales; Gross Profit; Labor Cost; Controllable Operating Expenses; Profit After Controllable Expenses; Management Training Expenses; Marketing Expenses; Rent, Renovation, Taxes, and Common Area Expenses; Other Occupancy Costs; and Restaurant Operating Profit?

• How may restaurants attained or surpassed the average Sales figure? How many restaurants were below the average Sales figure?

• How may restaurants attained or surpassed the average Restaurant Operating Profit figure? How many restaurants were below the average Restaurant Operating Profit figure?

• What are Franchise Chatter’s views on T.G.I. Friday’s most recent financial performance representations?

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