According to the 2025 Brueggers Bagels Franchise Disclosure Document, the audited financial statements for Caribou Coffee Company, Inc. included in Exhibit I cover the following periods: the balance sheets as of December 31, 2024, and December 26, 2023, and the statements of operations, comprehensive income, changes in shareholders' equity, and cash flows for the three fiscal years ended December 31, 2024, December 26, 2023, and December 27, 2022.

These financial statements provide a prospective Brueggers Bagels franchisee with an overview of Caribou's financial performance over the past three years. Because Caribou Coffee Company, Inc. is the parent company of the Bagel Brands business unit, which includes Brueggers Bagels, this information can be useful for assessing the financial health and stability of the overall organization.

The inclusion of these audited statements indicates that Caribou Coffee Company, Inc. has undergone a thorough review by an independent accounting firm (Grant Thornton LLP), adding credibility to the reported financial data. A prospective franchisee can use this information to evaluate the trends in Caribou's revenues, expenses, assets, and liabilities, which may indirectly inform their assessment of the Brueggers Bagels franchise opportunity. Understanding the parent company's financial standing is a crucial part of due diligence before investing in a franchise.