What was the amount of comprehensive income attributable to Caribou Coffee Company, Inc. and Subsidiaries, before deducting net comprehensive income attributable to noncontrolling interest, for Brueggers Bagels for the fiscal year ended December 27, 2022?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
ibou Coffee Company, Inc. and Affiliates | $ 55,963 | $ 57,740 | $ 48,684 |
CARIBOU COFFEE COMPANY, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
| Fiscal Year Ended | |||||
|---|---|---|---|---|---|
| December 31, 2024 | December 26, 2023 | December 27, 2022 | |||
| Net income | $ 57,695 | $ | 59,540 | $ | 50,215 |
| Other comprehensive income | |||||
| Unrealized gain on cash flow hedges, net of tax expense of $0, $0, and $283 for the fiscal years ended | |||||
| December 31, 2024, December 26, 2023, and December 27, 2022, respectively | – | – | 817 | ||
| Reclassification of loss on cash flow hedge, net of tax benefit of $0, $0, and $825 for the fiscal years ended | |||||
| December 31, 2024, December 26, 2023, and December 27, 2022, respectively | – | – | 2,375 | ||
| Settlement of PNC derivative securities and novation of BNP and Rabo derivative securities | – | – | 475 | ||
| Comprehensive income attributable to Caribou Coffee Company, Inc. and Subsidiaries | 57,695 | 59,540 | 53,882 | ||
| Less net comprehensive income att |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, the comprehensive income attributable to Caribou Coffee Company, Inc. and Subsidiaries for the fiscal year ended December 27, 2022, before deducting net comprehensive income attributable to noncontrolling interest, was $53,882. This figure represents the total comprehensive income before accounting for the portion attributable to noncontrolling interests.
For a prospective Brueggers Bagels franchisee, this financial data provides insight into the overall profitability and financial performance of Caribou Coffee Company, Inc. and Subsidiaries, which guarantees the obligations to Brueggers Bagels franchisees. Understanding the comprehensive income helps potential franchisees assess the financial health and stability of the parent company.
The FDD also details that the net comprehensive income attributable to noncontrolling interest was $1,531 for the same fiscal year. After deducting this amount, the comprehensive income attributable to Caribou Coffee Company, Inc. and Subsidiaries is $52,351. This distinction is important for understanding the distribution of profits and the portion belonging to the parent company versus other stakeholders.