Review Material Changes Across This Disclosure Pair
This report surfaces material year-over-year changes between two disclosed FDD editions so operators, investors, attorneys, and advisors can identify what changed before moving into source language review and full item-by-item analysis.
Latest FDD on file: 2026-03-20
Change Window
2025-2026
2025 (2025-03-24) vs 2026 (2026-03-20)
Tracked Delta Facts
195
195 logged delta facts grounded in source comparisons
This report focuses on year-over-year changes across Items 1 through 18. Item 19 financial performance representations should be reviewed directly in the FDD. Item 20 outlet count changes are better reviewed on the brand profile page. Items 21 through 23 should be reviewed directly in the FDD.
FAQs
This report focuses on year-over-year changes across Items 1 through 18. Item 19 financial performance representations should be reviewed directly in the FDD. Item 20 outlet count changes are better reviewed on the brand profile page. Items 21 through 23 should be reviewed directly in the FDD.
Start with the executive summary to understand the biggest edits quickly. Then use source review to inspect the actual language behind a change. Use all changes when you want fuller coverage across the report, not just the top summarized edits.
Item 5 text was revised from referring to non-Qualified Partners for "construction management services" to "construction services" and added a requirement to have a qualified construction manager on the team, while the stated $20,000 to $80,000 review fee remains stated.
Item 51 delta facts available.
Item 62 delta facts available.
Item 62 delta facts available.
Item 171 delta facts available.
Item 172 delta facts available.
Item 1Item 7Item 153 delta facts available.
Item 81 delta facts available.
Item 101 delta facts available.
Item 112 delta facts available.
Item 126 delta facts available.
Key Insights
This page compares the 2025 and 2026 FDD editions for this brand.
Use the executive summary first to understand the biggest changes quickly.
Use source review when a specific clause, fee, term, or obligation needs closer inspection.
Use all changes when you want broader coverage beyond the top summarized edits.
Evidence And Redline
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Selected Change
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All Delta Facts
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Summary:Item 2 reflects several leadership and governance updates that change the operator-facing oversight context. The President for the U.S. and Canada role changed to a new appointee in late 2025, a different individual was named as a Popeyes director with a legal leadership role, and prior board information for another executive was removed from the director table.
Item 24 delta facts available.
Summary:Item 3 reflects updated descriptions of existing litigation, primarily clarifying procedural history and court actions. The changes update timelines, filings, and outcomes in ongoing cases without introducing new claims, obligations, or operator-facing requirements.
Summary:Item 5 reflects operator-relevant updates to incentive program language and to construction oversight requirements when using non-approved vendors. The changes affect eligibility framing for royalty incentives and add a specific staffing requirement tied to construction if Qualified Partners are not used.
Item 59 delta facts available.
Summary:Item 6 reflects a substantive increase to a payment-related fee that affects operators cash handling and banking risk. Other detected edits appear to be formatting or duplicative text with no clear change to operator obligations.
Item 640 delta facts available.
Summary:Item 7 includes a narrow clarification regarding who receives payment for initial training costs. Other detected changes appear to be pagination or header updates without operator-level impact.
Item 77 delta facts available.
Summary:The primary operator-level change in Item 8 is the addition of explicit insurance purchase and maintenance requirements, including specified coverage types and minimum limits. Other edits in this item appear to be year updates or formatting artifacts without substantive operational impact.
Summary:Item 10 updates financing disclosures by removing a stated non-refundable rebate tied to certain third-party loans and by lowering the disclosed standard interest rate for a referenced equipment finance agreement. The financing amount range itself remains the same.
Item 106 delta facts available.
Summary:Item 11 reflects two operator-relevant updates. The franchisor expanded its discretion around additional training by making certain training mandatory and allowing nonrefundable fees for some courses. Separately, the advertising fund disclosure was updated to the most recent fiscal year with changed allocation percentages across spending categories.
Item 1123 delta facts available.
Summary:Item 12 reflects updates to the Franchise Owners and Affiliates table, including a change to the listed address for FOA FRG and the removal of a related table row. These changes affect how this affiliated entity is identified or presented in the disclosure.
Summary:Item 17 reflects targeted operator-level updates to default and transfer concepts. The table now adds a specific cure period tied to bankruptcy events, and a new defined row addressing transfers by the franchisee has been introduced.