What was the 'Comprehensive income' for Batteries Plus Bulbs in 2023?
Batteries_Plus_Bulbs Franchise · 2025 FDDAnswer from 2025 FDD Document
| NET INCOME | $ 21,345 | $ 20,303 | |
|---|---|---|---|
| Other comprehensive loss | |||
| Foreign currency translation loss | (30) | (28) | |
| COMPREHENSIVE INCOME $ 323,565 | $ 21,315 $ 332,251 | $ 20,275 |
Source: Item 23 — Receipts (FDD pages 80–279)
What This Means (2025 FDD)
According to Batteries Plus Bulbs' 2025 Franchise Disclosure Document, the comprehensive income for the company in 2023 was $20,275. This figure represents the net income adjusted for other comprehensive income items, such as foreign currency translation loss. In 2023, the foreign currency translation loss was $28. The net income for Batteries Plus Bulbs in 2023 was $20,303.
For a prospective franchisee, understanding comprehensive income can provide a more complete picture of the company's financial performance beyond just net income. It includes items that are not typically reflected in the income statement but still impact the overall equity of the company. In the case of Batteries Plus Bulbs, the comprehensive income is slightly lower than the net income due to the foreign currency translation loss.
It's important to note that comprehensive income can fluctuate based on various factors, including changes in foreign exchange rates and other market conditions. Franchisees should consider these factors when evaluating the financial health and stability of Batteries Plus Bulbs. Reviewing trends in comprehensive income over several years can provide a more insightful perspective than looking at a single year in isolation.
Overall, while the difference between net income and comprehensive income was minimal for Batteries Plus Bulbs in 2023, prospective franchisees should be aware of the components of comprehensive income and how they can impact the company's financial statements. This understanding can aid in making a more informed investment decision.