What was the net income and comprehensive income for Circle K in the latest year presented?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
| Revenues: | |||
|---|---|---|---|
| Initial franchise sales | $ 1,036,157 | $ 1,030,058 | $ 1,076,538 |
| Royalty and promotional fees | 59,421,781 | 60,722,633 | 63,929,364 |
| Fuel sales, net | 4,205,466 | 2,723,519 | 2,044,397 |
| Interest and other income | 6,503,683 | 5,867,604 | 4,357,577 |
| Total Revenues | 71,167,087 | 70,343,814 | 71,407,876 |
| Expenses: | |||
| Selling, general, and administrative expenses | 37,295,957 | 36,565,205 | 33,600,199 |
| Trademark expense | 391,871 | 408,796 | 447,750 |
| Depreciation and amortization expense | 7,776,052 | 8,959,374 | 8,449,524 |
| Total Expenses | 45,463,880 | 45,933,375 | 42,497,473 |
| (Loss) Gain on Disposals and Terminations | (7,610) | (1,541,825) | 38,139 |
| Income before income taxes | 25,695,597 | 22,868,614 | 28,948,542 |
| Provision for income taxes | 6,607,382 | 7,582,373 | 7,547,431 |
| Net Income and Comprehensive Income | $ 19,088,215 | $ 15,286,241 | $ 21,401,111 |
Source: Item 23 — RECEIPTS (FDD pages 100–359)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the net income and comprehensive income for the latest year presented is $21,401,111. This figure represents the company's profit after all expenses and taxes have been accounted for, providing a clear picture of Circle K's overall financial performance.
Specifically, the FDD provides a table that outlines the revenues, expenses, and income for the past three fiscal years. In the most recent year, Circle K had total revenues of $71,407,876 and total expenses of $42,497,473. After accounting for a gain on disposals and terminations of $38,139, the income before income taxes was $28,948,542. The provision for income taxes was $7,547,431, resulting in a net income and comprehensive income of $21,401,111.
For a prospective franchisee, this information is valuable as it offers insight into the financial health and stability of Circle K. A consistently positive net income suggests that the company is well-managed and has a strong business model. However, it is important to note that past performance is not necessarily indicative of future results, and prospective franchisees should conduct their own due diligence to assess the potential risks and rewards of investing in a Circle K franchise.