What was the distribution of non-controlling interest for Brueggers Bagels?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| al liabilities and shareholders' equity | $ | 1,448,750 | $ | 1,371,760 |
|---|
CARIBOU COFFEE COMPANY, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands)
| December 31, 2024 | December 26, 2023 | December 27, 2022 | |
|---|---|---|---|
| Coffeehouse and bagel bakery sales | $ 928,364 | $ 859,563 | $ 792,112 |
| Franchise royalties and fees | 29,393 | 26,126 | 23,426 |
| Franchise advertising sales | 5,277 | 4,347 | 4,017 |
| Franchise and commercial product sales | 98,930 | 161,441 | 150,136 |
| Net sales | 1,061,964 | 1,051,477 | 969,691 |
| Cost of goods sold | 226,684 | 216,401 | 203,878 |
| Labor | 272,016 | 248,045 | 240,207 |
| Occupancy | 91,836 | 85,519 | 83,686 |
| Other operating expenses | 144,214 | 132,419 | 113,309 |
| Total coffeehouse and bagel bakery expense | 734,750 | 682,384 | 641,080 |
| Franchise operations and other expenses | 3,276 | 3,406 | 2,307 |
| Ad fund expense franchise | 5,277 | 4,408 | 4,017 |
| Franchise and commercial product cost of goods sold | 74,289 | 126,434 | 116,077 |
| Depreciation and amortization | 45,304 | 40,071 | 40,926 |
| General and administrative expenses | 117,472 | 102,607 | 85,453 |
| Pre-opening expenses | 4,614 | 2,450 | 2,830 |
| Total costs and expenses | 984,982 | 961,760 | 892,690 |
| Operating income | 76,982 | 89,717 | 77,001 |
| Interest expense, net | 2,990 | 16,186 | 18,100 |
| Pre-tax income | 73,992 | 73,531 | 58,901 |
| Income tax expense | 16,297 | 13,991 | 8,686 |
| Net income | $ 57,695 | $ 59,540 | $ 50,215 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, the net income attributable to noncontrolling interest can be found in the consolidated financial statements. Specifically, for the fiscal year ended December 31, 2024, the net income attributable to noncontrolling interest was $1,732. For the fiscal year ended December 26, 2023, this figure was $1,800, and for the fiscal year ended December 27, 2022, it was $1,531. These figures represent the portion of Brueggers Bagels's net income that is not owned by the parent company, Caribou Coffee Company, Inc., or its affiliates.
For a prospective franchisee, understanding the distribution of noncontrolling interest provides insight into the financial structure of Brueggers Bagels and its relationship with its parent company and other stakeholders. It indicates how the company's profits are allocated among different ownership interests. This information can be useful in assessing the overall financial health and stability of the franchise system.
It's important to note that these figures are specific to the net income attributable to noncontrolling interest and do not represent the entire financial picture of Brueggers Bagels. A prospective franchisee should review the complete financial statements and consult with a financial advisor to gain a comprehensive understanding of the company's financial performance and structure. Additionally, understanding the context of these figures within the broader financial performance of Caribou Coffee Company, Inc. and its parent company, Panera Brands, Inc., can provide further insights into the financial dynamics of the Brueggers Bagels franchise system.