What was the cash distribution paid to Parent's shareholders for Auntie Annes in 2022?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
nd member's deficit | $ 882,596 | $ 876,517 |
Consolidated statements of operations
(In thousands)
| December 31, | December 25, | |
|---|---|---|
| For the fiscal years ended: | 2023 | 2022 |
| Revenues: | ||
| Franchise revenues | $ 337,446 | $ 303,672 |
| Company store, bakery and restaurant revenues | 114,936 | 108,736 |
| Franchise and other rental revenues | 9,352 | 11,598 |
| Advertising funds revenues | 91,042 | 82,346 |
| Total revenues | 552,776 | 506,352 |
| Expenses: | ||
| Company store, bakery and restaurant operations expenses | 97,434 | 92,920 |
Source: Item 23 — RECEIPTS (FDD pages 106–366)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, the cash distribution paid to the Parent's shareholders in 2022 was $(540,642). This figure reflects the distribution of funds from Auntie Annes to its parent company's shareholders during the specified fiscal year. This distribution is part of the overall financial activities and equity management of the company.
For a prospective franchisee, this indicates the financial relationship between Auntie Annes and its parent company. It demonstrates how profits and cash flow are allocated within the larger corporate structure. While this specific distribution does not directly impact the day-to-day operations of a franchise, it provides insight into the financial strategies and priorities of the parent organization.
It's important for potential franchisees to understand these financial dynamics, as they can influence decisions related to investments, growth, and overall support for the franchise system. While such distributions are common in franchise systems, franchisees should consider the amounts and frequency of these distributions in the context of the company's overall financial health and its commitment to supporting its franchisees.