What was the balance of stored value cards for Brueggers Bagels as of December 27, 2022?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
mptions. A summary of significant changes to the stored value card liability balance, included within accrued expenses on the consolidated balance sheets, is presented below (in thousands):
| Balance at December 27, 2022 | $ 11,763 | |----------------
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, the balance of stored value cards as of December 27, 2022, was $11,763. During the period, Brueggers Bagels issued $129,722 in stored value cards and redeemed $126,849. There was also a breakage amount of $3,082. Breakage refers to the portion of stored value cards that are never redeemed.
These figures provide a snapshot of how stored value cards impact Brueggers Bagels' financial operations. The issuance and redemption rates, along with the breakage, influence the overall liability and revenue recognition related to these cards. For a franchisee, understanding these dynamics is crucial for managing cash flow and forecasting potential revenue from stored value card programs.
The balance of stored value cards will fluctuate based on the popularity of the cards, the effectiveness of marketing programs promoting them, and general economic conditions. Monitoring these trends can help a franchisee optimize their participation in the stored value card program and make informed decisions about inventory and staffing.