Do the consolidated financial statements for Brueggers Bagels include statements of comprehensive income?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
GRANT THORNTON LLP REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Board of Directors and Shareholders Caribou Coffee Company, Inc
Opinion
We have audited the consolidated financial statements of Caribou Coffee Company, Inc (a Delaware corporation) and subsidiaries (the "Company"), which comprise the consolidated balance sheets as of December 31, 2024 and December 26, 2023, and the related consolidated statements of operations and comprehensive income, changes in shareholders' equity, and cash flows for the three years ended December 31, 2024, December 26, 2023, and December 27, 2022, and the related notes to the consolidated financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, the consolidated financial statements of Caribou Coffee Company, Inc. and subsidiaries, which include Brueggers Bagels, are audited by Grant Thornton LLP. The audit encompasses consolidated balance sheets, statements of operations, comprehensive income, changes in shareholders' equity, and cash flows for the three years ending December 31, 2024.
The inclusion of consolidated statements of comprehensive income indicates that the financial reporting provides a detailed view of the company's financial performance. This statement includes not only net income but also other items such as unrealized gains and losses on investments, providing a more complete picture of the company's financial health.
Prospective Brueggers Bagels franchisees can review these statements to understand the overall financial performance of the parent company and its subsidiaries. The independent audit by Grant Thornton LLP adds credibility to these financial statements, suggesting they have been prepared in accordance with generally accepted accounting principles.