What was the total comprehensive income for Circle K as of April 28, 2024?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
$ | 88, 20 1, 000 | $ | ( 91, 667 564 ) , | $ 35, 316 368 , | $ 31, 849 814 , |
TMC FRANCHISE CORPORATION (a wholly owned subsidiary of Circle K Stores Inc.) CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended April 27, 2025 | Year Ended April 28, 2024 | Year Ended April 30, 2023 |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 99–100)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, the consolidated statements of income and comprehensive income include a net income and comprehensive income figure. For the year ended April 28, 2024, Circle K's net income and comprehensive income was reported as $15,286,241.
This figure represents the total earnings of TMC Franchise Corporation, a wholly-owned subsidiary of Circle K Stores Inc., after all expenses and revenues have been accounted for, including other comprehensive income items. Comprehensive income provides a broader view of a company's profitability than net income alone, as it includes items such as unrealized gains and losses on investments.
For a prospective Circle K franchisee, understanding the franchisor's financial performance is crucial. A healthy comprehensive income suggests financial stability and efficient management, which can be a positive indicator. However, franchisees should also consider the factors that contribute to this income, such as royalty fees, fuel sales to franchisees, and other related transactions with Circle K Stores and its affiliates. Reviewing the complete financial statements and notes is essential for a thorough understanding.
It is important to note that these figures pertain to TMC Franchise Corporation, a subsidiary, and may not reflect the entire financial picture of Circle K Stores Inc. Prospective franchisees should analyze the complete audited consolidated financial statements and consult with a financial advisor to assess the financial health of the overall Circle K organization.