What was the comprehensive income attributable to Caribou Coffee Company, Inc. and Subsidiaries after deducting net comprehensive income attributable to noncontrolling interest for Brueggers Bagels for the fiscal year ended December 31, 2024?
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, after deducting net comprehensive income attributable to noncontrolling interest, was $55,963,000 for the fiscal year ended December 31, 2024.
To arrive at this figure, the FDD first states the comprehensive income attributable to Caribou Coffee Company, Inc. and Subsidiaries was $57,695,000. Then, it deducts the net comprehensive income attributable to noncontrolling interest, which was $1,732,000. The difference between these two amounts is the $55,963,000 figure.
Prospective franchisees should understand how these figures are derived, as they reflect the overall financial performance of the parent company and its subsidiaries. While this specific figure may not directly impact the day-to-day operations of a Brueggers Bagels franchise, it provides insight into the financial health and stability of the larger organization. Understanding the relationship between comprehensive income, noncontrolling interests, and the parent company's financial performance can help franchisees assess the long-term viability of the franchise system.