Krispy Kreme Doughnuts, Inc.
Operating Metrics
Operating Metrics
Fiscal Year 2011 | ||||
Q1 | ||||
Same Store Sales (on-premises sales only): | ||||
Company stores | 3.4 | % | ||
Domestic Franchise stores | 2.7 | |||
International Franchise stores | (7.7 | ) | ||
International Franchise stores, in constant dollars (1) | (17.6 | ) | ||
Off-Premises Metrics (Company stores only): | ||||
Average weekly number of doors served: | ||||
Grocers/mass merchants | 5,499 | |||
Convenience stores | 5,051 | |||
Average weekly sales per door: | ||||
Grocers/mass merchants | $ | 263 | ||
Convenience stores | 208 | |||
Systemwide Sales (in thousands): (2) | ||||
Company stores | $ | 62,188 | ||
Domestic Franchise stores | 62,478 | |||
International Franchise stores | 74,574 | |||
International Franchise stores volume | ||||
increase over the prior year period | 9.1 | % | ||
Average Weekly Sales Per Store (in thousands): (3)(4) | ||||
Company stores: | ||||
Factory stores: | ||||
Commissaries — off-premises | $ | 173.5 | ||
Dual-channel stores: | ||||
On-premises | 31.6 | |||
Off-premises | 38.6 | |||
Total | 70.2 | |||
On-premises only stores | 33.8 | |||
All factory stores | 66.1 | |||
Satellite stores | 18.4 | |||
All stores | 58.0 | |||
Domestic Franchise stores: | ||||
Factory stores | $ | 41.3 | ||
Satellite stores | 13.8 | |||
International Franchise stores: | ||||
Factory stores | $ | 35.5 | ||
Satellite stores | 9.5 |
(1) | Represents the change in International Franchise same store sales computed by reconverting franchise store sales in each foreign country to U.S. dollars at a constant rate of exchange for all periods. | |
(2) | Excludes sales among Company and franchise stores. | |
(3) | Includes sales between Company and franchise stores. | |
(4) | Metrics include only stores open at period end. |
Krispy Kreme Doughnuts, Inc.
Operating Metrics
Operating Metrics
Fiscal Year 2010 | ||||||||||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||||||||||
Same Store Sales (on-premises sales only): | ||||||||||||||||||||||||||||
Company stores | 2.1 | % | 5.9 | % | 3.8 | % | 5.1 | % | 4.2 | % | 1.1 | % | 3.5 | % | ||||||||||||||
Domestic Franchise stores | 2.4 | 0.6 | 1.5 | 1.0 | 1.4 | (0.4 | ) | 0.9 | ||||||||||||||||||||
International Franchise stores | (38.2 | ) | (32.6 | ) | (35.2 | ) | (15.6 | ) | (28.8 | ) | (10.5 | ) | (24.2 | ) | ||||||||||||||
International Franchise stores, in constant dollars (1) | (24.6 | ) | (25.0 | ) | (24.8 | ) | (16.8 | ) | (21.9 | ) | (19.1 | ) | (21.1 | ) | ||||||||||||||
Off-Premises Metrics (Company stores only): | ||||||||||||||||||||||||||||
Average weekly number of doors served: | ||||||||||||||||||||||||||||
Grocers/mass merchants | 5,859 | 5,600 | 5,729 | 5,619 | 5,692 | 5,457 | 5,634 | |||||||||||||||||||||
Convenience stores | 5,625 | 5,266 | 5,445 | 5,230 | 5,373 | 5,019 | 5,285 | |||||||||||||||||||||
Average weekly sales per door: | ||||||||||||||||||||||||||||
Grocers/mass merchants | $ | 236 | $ | 246 | $ | 241 | $ | 241 | $ | 241 | $ | 246 | $ | 242 | ||||||||||||||
Convenience stores | 212 | 208 | 210 | 210 | 210 | 203 | 208 | |||||||||||||||||||||
Systemwide Sales (in thousands): (2) | ||||||||||||||||||||||||||||
Company stores | $ | 65,636 | $ | 59,634 | $ | 125,270 | $ | 59,738 | $ | 185,008 | $ | 58,379 | $ | 243,387 | ||||||||||||||
Domestic Franchise stores | 58,000 | 54,050 | 112,050 | 52,918 | 164,968 | 55,661 | 220,629 | |||||||||||||||||||||
International Franchise stores | 61,565 | 62,658 | 124,223 | 65,192 | 189,415 | 74,186 | 263,601 | |||||||||||||||||||||
International Franchise stores volume | ||||||||||||||||||||||||||||
increase over the prior year period | 12.4 | % | (5.9 | )% | 2.6 | % | (0.4 | )% | 1.7 | % | (1.8 | )% | 0.8 | % | ||||||||||||||
Average Weekly Sales Per Store (in thousands): (3)(4) | ||||||||||||||||||||||||||||
Company stores: | ||||||||||||||||||||||||||||
Factory stores: | ||||||||||||||||||||||||||||
Commissaries — off-premises | $ | 166.7 | $ | 153.9 | $ | 160.3 | $ | 149.5 | $ | 156.7 | $ | 152.6 | $ | 155.7 | ||||||||||||||
Dual-channel stores: | ||||||||||||||||||||||||||||
On-premises | 30.3 | 25.4 | 27.9 | 27.7 | 27.8 | 27.4 | 27.7 | |||||||||||||||||||||
Off-premises | 36.2 | 37.1 | 36.7 | 37.2 | 36.8 | 35.5 | 36.5 | |||||||||||||||||||||
Total | 66.5 | 62.5 | 64.5 | 64.9 | 64.6 | 62.9 | 64.2 | |||||||||||||||||||||
On-premises only stores | 35.0 | 30.6 | 32.8 | 31.8 | 32.4 | 32.3 | 32.4 | |||||||||||||||||||||
All factory stores | 65.3 | 59.9 | 62.6 | 61.3 | 62.2 | 60.6 | 61.8 | |||||||||||||||||||||
Satellite stores | 19.7 | 16.7 | 18.2 | 18.1 | 18.1 | 18.0 | 18.1 | |||||||||||||||||||||
All stores | 59.7 | 54.3 | 56.9 | 54.9 | 56.2 | 53.6 | 55.5 | |||||||||||||||||||||
Domestic Franchise stores: | ||||||||||||||||||||||||||||
Factory stores | $ | 39.7 | $ | 36.7 | $ | 38.2 | $ | 35.8 | $ | 37.4 | $ | 36.4 | $ | 37.2 | ||||||||||||||
Satellite stores | 17.7 | 15.4 | 16.4 | 13.7 | 15.4 | 13.4 | 14.8 | |||||||||||||||||||||
International Franchise stores: | ||||||||||||||||||||||||||||
Factory stores | $ | 36.6 | $ | 34.8 | $ | 35.7 | $ | 35.7 | $ | 35.7 | $ | 37.6 | $ | 36.2 | ||||||||||||||
Satellite stores | 8.9 | 9.0 | 9.0 | 9.0 | 9.0 | 10.4 | 9.4 |
(1) | Represents the change in International Franchise same store sales computed by reconverting franchise store sales in each foreign country to U.S. dollars at a constant rate of exchange for all periods. | |
(2) | Excludes sales among Company and franchise stores. | |
(3) | Includes sales between Company and franchise stores. | |
(4) | Metrics include only stores open at January 31, 2010. |
Krispy Kreme Doughnuts, Inc.
Operating Metrics
Operating Metrics
Fiscal Year 2009 | ||||||||||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||||||||||
Same Store Sales (on-premises sales only): | ||||||||||||||||||||||||||||
Company stores | 1.2 | % | (4.1 | )% | (1.3 | )% | (1.3 | )% | (1.3 | )% | 0.9 | % | (0.7 | )% | ||||||||||||||
Domestic Franchise stores | (3.6 | ) | (4.5 | ) | (4.0 | ) | (4.5 | ) | (4.2 | ) | (0.3 | ) | (3.3 | ) | ||||||||||||||
International Franchise stores | (9.0 | ) | (18.5 | ) | (14.1 | ) | (26.0 | ) | (18.3 | ) | (34.7 | ) | (23.4 | ) | ||||||||||||||
International Franchise stores, in constant dollars(1) | (13.8 | ) | (21.2 | ) | (17.9 | ) | (18.6 | ) | (18.1 | ) | (19.7 | ) | (18.6 | ) | ||||||||||||||
Off-Premises Metrics (Company stores only):(2) | ||||||||||||||||||||||||||||
Average weekly number of doors served: | ||||||||||||||||||||||||||||
Grocers/mass merchants | 6,492 | 6,354 | 6,423 | 6,273 | 6,373 | 6,103 | 6,306 | |||||||||||||||||||||
Convenience stores | 6,156 | 6,028 | 6,092 | 5,940 | 6,041 | 5,817 | 5,985 | |||||||||||||||||||||
Average weekly sales per door: | ||||||||||||||||||||||||||||
Grocers/mass merchants | $ | 227 | $ | 220 | $ | 223 | $ | 211 | $ | 219 | $ | 218 | $ | 219 | ||||||||||||||
Convenience stores | 227 | 220 | 223 | 214 | 220 | 207 | 217 | |||||||||||||||||||||
Systemwide Sales (in thousands):(3) | ||||||||||||||||||||||||||||
Company stores | $ | 71,896 | $ | 64,684 | $ | 136,580 | $ | 64,216 | $ | 200,796 | $ | 63,092 | $ | 263,888 | ||||||||||||||
Domestic Franchise stores | 64,382 | 60,508 | 124,890 | 56,502 | 181,392 | 54,166 | 235,558 | |||||||||||||||||||||
International Franchise stores | 65,081 | 74,360 | 139,441 | 65,544 | 204,985 | 68,069 | 273,054 | |||||||||||||||||||||
International Franchise stores volume | ||||||||||||||||||||||||||||
increase over the prior year period | 59.6 | % | 62.1 | % | 61.0 | % | 45.2 | % | 55.2 | % | 24.6 | % | 45.2 | % | ||||||||||||||
Average Weekly Sales Per Store (in thousands):(4)(5) | ||||||||||||||||||||||||||||
Company stores: | ||||||||||||||||||||||||||||
Factory stores: | ||||||||||||||||||||||||||||
Commissaries — off-premises | $ | 162.5 | $ | 169.1 | $ | 165.8 | $ | 163.8 | $ | 165.1 | $ | 162.9 | $ | 164.6 | ||||||||||||||
Dual-channel stores: | ||||||||||||||||||||||||||||
On-premises | 29.5 | 23.8 | 26.6 | 26.4 | 26.5 | 26.8 | 26.6 | |||||||||||||||||||||
Off-premises | 39.6 | 38.1 | 38.8 | 36.7 | 38.1 | 35.7 | 37.5 | |||||||||||||||||||||
Total | 69.0 | 61.8 | 65.4 | 63.1 | 64.6 | 62.5 | 64.1 | |||||||||||||||||||||
On-premises only stores | 33.5 | 28.7 | 31.1 | 30.0 | 30.7 | 32.8 | 31.2 | |||||||||||||||||||||
All factory stores | 66.0 | 60.6 | 63.3 | 61.4 | 62.7 | 61.8 | 62.5 | |||||||||||||||||||||
Satellite stores | 19.1 | 16.1 | 17.6 | 17.2 | 17.5 | 18.3 | 17.7 | |||||||||||||||||||||
All stores | 60.0 | 55.4 | 57.7 | 56.2 | 57.2 | 56.6 | 57.1 | |||||||||||||||||||||
Domestic Franchise stores: | ||||||||||||||||||||||||||||
Factory stores | $ | 42.6 | $ | 40.3 | $ | 41.4 | $ | 38.2 | $ | 40.3 | $ | 36.6 | $ | 39.4 | ||||||||||||||
Satellite stores | 15.5 | 15.4 | 15.4 | 15.0 | 15.3 | 15.7 | 15.4 | |||||||||||||||||||||
International Franchise stores: | ||||||||||||||||||||||||||||
Factory stores | $ | 50.7 | $ | 50.8 | $ | 50.8 | $ | 43.3 | $ | 48.1 | $ | 42.9 | $ | 46.7 | ||||||||||||||
Satellite stores | 14.4 | 15.5 | 15.0 | 11.4 | 13.6 | 9.6 | 12.3 |
(1) | Represents the change in International Franchise same store sales computed by reconverting franchise store sales in each foreign country to U.S. dollars at a constant rate of exchange for all periods. | |
(2) | Metrics excludes off-premises sales by Company stores in Eastern Canada, which the Company refranchised in the fourth quarter of fiscal 2009 as the data for these stores was not available. | |
(3) | Excludes sales among Company and franchise stores. | |
(4) | Includes sales between Company and franchise stores. | |
(5) | Metrics include only stores open at January 31, 2010. |
Krispy Kreme Doughnuts, Inc.
Systemwide Store Information
Systemwide Store Information
Fiscal Year 2011 | ||
Q1 | ||
Number of Stores Open At Period End: | ||
Company stores: | ||
Factory: | ||
Commissaries | 6 | |
Dual-channel stores | 38 | |
On-premises only stores | 25 | |
Satellite stores | 14 | |
Total Company stores | 83 | |
Domestic Franchise stores: | ||
Factory stores | 103 | |
Satellite stores | 37 | |
Total Domestic Franchise stores | 140 | |
International Franchise stores: | ||
Factory stores | 100 | |
Satellite stores | 293 | |
Total International Franchise stores | 393 | |
Total systemwide stores | 616 | |
Fiscal Year 2011 | ||
Q1 | ||
Store Operating Weeks: | ||
Company stores: | ||
Factory stores: | ||
Commissaries | 78 | |
Dual-channel stores | 494 | |
On-premises only stores | 325 | |
Satellite stores | 182 | |
Domestic Franchise stores: (1) | ||
Factory stores | 1,339 | |
Satellite stores | 481 | |
International Franchise stores: (1) | ||
Factory stores | 1,153 | |
Satellite stores | 3,526 |
(1) | Metrics include only stores open at period end. |
Krispy Kreme Doughnuts, Inc.
Systemwide Store Information
Systemwide Store Information
Fiscal Year 2010 | ||||||||
Q1 | Q2 | Q3 | Q4 | |||||
Number of Stores Open At Period End: | ||||||||
Company stores: | ||||||||
Factory: | ||||||||
Commissaries | 6 | 6 | 6 | 6 | ||||
Dual-channel stores | 47 | 45 | 40 | 38 | ||||
On-premises only stores | 27 | 26 | 25 | 25 | ||||
Satellite stores | 11 | 12 | 13 | 14 | ||||
Total Company stores | 91 | 89 | 84 | 83 | ||||
Domestic Franchise stores: | ||||||||
Factory stores | 102 | 100 | 101 | 104 | ||||
Satellite stores | 28 | 33 | 37 | 37 | ||||
Total Domestic Franchise stores | 130 | 133 | 138 | 141 | ||||
International Franchise stores: | ||||||||
Factory stores | 95 | 93 | 93 | 95 | ||||
Satellite stores | 220 | 233 | 248 | 263 | ||||
Total International Franchise stores | 315 | 326 | 341 | 358 | ||||
Total systemwide stores | 536 | 548 | 563 | 582 |
Fiscal Year 2010 | ||||||||||
Q1 | Q2 | Q3 | Q4 | YTD | ||||||
Store Operating Weeks: | ||||||||||
Company stores: | ||||||||||
Factory stores: | ||||||||||
Commissaries | 78 | 78 | 78 | 78 | 312 | |||||
Dual-channel stores | 710 | 675 | 606 | 550 | 2,541 | |||||
On-premises only stores | 299 | 312 | 307 | 299 | 1,217 | |||||
Satellite stores | 122 | 135 | 153 | 182 | 592 | |||||
Domestic Franchise stores: (1) | ||||||||||
Factory stores | 1,312 | 1,313 | 1,322 | 1,377 | 5,324 | |||||
Satellite stores | 286 | 360 | 391 | 412 | 1,449 | |||||
International Franchise stores: (1) | ||||||||||
Factory stores | 1,068 | 1,066 | 1,075 | 1,094 | 4,303 | |||||
Satellite stores | 2,399 | 2,711 | 2,915 | 3,152 | 11,177 |
(1) | Metrics include only stores open at January 31, 2010. |
Krispy Kreme Doughnuts, Inc.
Systemwide Store Information
Systemwide Store Information
Fiscal Year 2009 | ||||||||
Q1 | Q2 | Q3 | Q4 | |||||
Number of Stores Open At Period End: | ||||||||
Company stores: | ||||||||
Factory: | ||||||||
Commissaries | 6 | 6 | 6 | 6 | ||||
Dual-channel stores | 61 | 57 | 55 | 51 | ||||
On-premises only stores | 26 | 25 | 25 | 26 | ||||
Satellite stores | 12 | 12 | 11 | 10 | ||||
Total Company stores | 105 | 100 | 97 | 93 | ||||
Domestic Franchise stores: | ||||||||
Factory stores | 113 | 111 | 107 | 104 | ||||
Satellite stores | 26 | 27 | 28 | 28 | ||||
Total Domestic Franchise stores | 139 | 138 | 135 | 132 | ||||
International Franchise stores: | ||||||||
Factory stores | 83 | 87 | 91 | 94 | ||||
Satellite stores | 143 | 169 | 186 | 204 | ||||
Total International Franchise stores | 226 | 256 | 277 | 298 | ||||
Total systemwide stores | 470 | 494 | 509 | 523 |
Fiscal Year 2009 | ||||||||||
Q1 | Q2 | Q3 | Q4 | YTD | ||||||
Store Operating Weeks: | ||||||||||
Company stores: | ||||||||||
Factory stores: | ||||||||||
Commissaries | 78 | 78 | 78 | 78 | 312 | |||||
Dual-channel stores | 832 | 813 | 793 | 753 | 3,191 | |||||
On-premises only stores | 299 | 299 | 299 | 299 | 1,196 | |||||
Satellite stores | 130 | 123 | 117 | 117 | 487 | |||||
Domestic Franchise stores: (1) | ||||||||||
Factory stores | 1,248 | 1,264 | 1,273 | 1,313 | 5,098 | |||||
Satellite stores | 260 | 268 | 272 | 285 | 1,085 | |||||
International Franchise stores: (1) | ||||||||||
Factory stores | 831 | 891 | 940 | 1,052 | 3,714 | |||||
Satellite stores | 1,374 | 1,665 | 1,990 | 2,245 | 7,274 |
(1) | Metrics include only stores open at January 31, 2010. |
Krispy Kreme Doughnuts, Inc.
Consolidated Segment Information
Consolidated Segment Information
Fiscal Year 2011 | ||||
Q1 | ||||
(Dollars in thousands) | ||||
Revenues by business segment: | ||||
Company Stores | $ | 62,534 | ||
Domestic Franchise | 2,200 | |||
International Franchise | 4,760 | |||
KK Supply Chain: | ||||
Total revenues | 45,905 | |||
Less – intersegment sales elimination | (23,282 | ) | ||
External KK Supply Chain revenues | 22,623 | |||
Total revenues | $ | 92,117 | ||
Segment revenues as a percentage of total revenues: (1) | ||||
Company Stores | 67.9 | % | ||
Domestic Franchise | 2.4 | |||
International Franchise | 5.2 | |||
KK Supply Chain (external sales) | 24.6 | |||
100.0 | % | |||
Operating income (loss): | ||||
Company Stores | $ | (31 | ) | |
Domestic Franchise | 1,154 | |||
International Franchise | 3,486 | |||
KK Supply Chain | 8,690 | |||
Total segment operating income | 13,299 | |||
Unallocated general and administrative expenses | (5,945 | ) | ||
Impairment charges and lease termination costs | (1,299 | ) | ||
Consolidated operating income | $ | 6,055 |
(1) | Percentage amounts may not add to totals due to rounding. |
Krispy Kreme Doughnuts, Inc.
Consolidated Segment Information
Consolidated Segment Information
Fiscal Year 2010 | |||||||||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | |||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||
Revenues by business segment: | |||||||||||||||||||||||||||
Company Stores | $ | 65,857 | $ | 59,853 | $ | 125,710 | $ | 60,020 | $ | 185,730 | $ | 60,643 | $ | 246,373 | |||||||||||||
Domestic Franchise | 2,051 | 1,802 | 3,853 | 1,945 | 5,798 | 2,009 | 7,807 | ||||||||||||||||||||
International Franchise | 3,878 | 3,806 | 7,684 | 3,583 | 11,267 | 4,640 | 15,907 | ||||||||||||||||||||
KK Supply Chain: | |||||||||||||||||||||||||||
Total revenues | 44,858 | 37,754 | 82,612 | 39,314 | 121,926 | 40,201 | 162,127 | ||||||||||||||||||||
Less – intersegment sales elimination | (23,224 | ) | (20,485 | ) | (43,709 | ) | (21,262 | ) | (64,971 | ) | (20,723 | ) | (85,694 | ) | |||||||||||||
External KK Supply Chain revenues | 21,634 | 17,269 | 38,903 | 18,052 | 56,955 | 19,478 | 76,433 | ||||||||||||||||||||
Total revenues | $ | 93,420 | $ | 82,730 | $ | 176,150 | $ | 83,600 | $ | 259,750 | $ | 86,770 | $ | 346,520 | |||||||||||||
Segment revenues as a percentage of total revenues: (1) | |||||||||||||||||||||||||||
Company Stores | 70.5 | % | 72.3 | % | 71.4 | % | 71.8 | % | 71.5 | % | 69.9 | % | 71.1 | % | |||||||||||||
Domestic Franchise | 2.2 | 2.2 | 2.2 | 2.3 | 2.2 | 2.3 | 2.3 | ||||||||||||||||||||
International Franchise | 4.2 | 4.6 | 4.4 | 4.3 | 4.3 | 5.3 | 4.6 | ||||||||||||||||||||
KK Supply Chain (external sales) | 23.2 | 20.9 | 22.1 | 21.6 | 21.9 | 22.4 | 22.1 | ||||||||||||||||||||
100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | ||||||||||||||
Operating income (loss): | |||||||||||||||||||||||||||
Company Stores | $ | 2,944 | $ | 1,387 | $ | 4,331 | $ | (1,380 | ) | $ | 2,951 | $ | (663 | ) | $ | 2,288 | |||||||||||
Domestic Franchise | 1,180 | 434 | 1,614 | 811 | 2,425 | 843 | 3,268 | ||||||||||||||||||||
International Franchise | 2,435 | 1,943 | 4,378 | 2,117 | 6,495 | 3,401 | 9,896 | ||||||||||||||||||||
KK Supply Chain | 8,139 | 5,687 | 13,826 | 5,549 | 19,375 | 6,587 | 25,962 | ||||||||||||||||||||
Total segment operating income | 14,698 | 9,451 | 24,149 | 7,097 | 31,246 | 10,168 | 41,414 | ||||||||||||||||||||
Unallocated general and administrative expenses | (6,563 | ) | (5,052 | ) | (11,615 | ) | (6,355 | ) | (17,970 | ) | (5,767 | ) | (23,737 | ) | |||||||||||||
Impairment charges and lease termination costs | (2,357 | ) | (1,456 | ) | (3,813 | ) | (109 | ) | (3,922 | ) | (1,981 | ) | (5,903 | ) | |||||||||||||
Consolidated operating income | $ | 5,778 | $ | 2,943 | $ | 8,721 | $ | 633 | $ | 9,354 | $ | 2,420 | $ | 11,774 | |||||||||||||
(1) | Percentage amounts may not add to totals due to rounding. |
Krispy Kreme Doughnuts, Inc.
Consolidated Segment Information
Consolidated Segment Information
Fiscal Year 2009 | |||||||||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | |||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||
Revenues by business segment: | |||||||||||||||||||||||||||
Company Stores | $ | 72,182 | $ | 65,071 | $ | 137,253 | $ | 64,708 | $ | 201,961 | $ | 63,929 | $ | 265,890 | |||||||||||||
Domestic Franchise | 2,046 | 2,249 | 4,295 | 1,882 | 6,177 | 1,865 | 8,042 | ||||||||||||||||||||
International Franchise | 4,466 | 4,378 | 8,844 | 4,511 | 13,355 | 4,140 | 17,495 | ||||||||||||||||||||
KK Supply Chain: | |||||||||||||||||||||||||||
Total revenues | 51,603 | 47,342 | 98,945 | 47,804 | 146,749 | 44,707 | 191,456 | ||||||||||||||||||||
Less – intersegment sales elimination | (26,247 | ) | (24,314 | ) | (50,561 | ) | (24,078 | ) | (74,639 | ) | (22,722 | ) | (97,361 | ) | |||||||||||||
External KK Supply Chain revenues | 25,356 | 23,028 | 48,384 | 23,726 | 72,110 | 21,985 | 94,095 | ||||||||||||||||||||
Total revenues | $ | 104,050 | $ | 94,726 | $ | 198,776 | $ | 94,827 | $ | 293,603 | $ | 91,919 | $ | 385,522 | |||||||||||||
Segment revenues as a percentage of total revenues: (1) | |||||||||||||||||||||||||||
Company Stores | 69.4 | % | 68.7 | % | 69.0 | % | 68.2 | 68.8 | % | 69.5 | % | 69.0 | % | ||||||||||||||
Domestic Franchise | 2.0 | 2.4 | 2.2 | 2.0 | 2.1 | 2.0 | 2.1 | ||||||||||||||||||||
International Franchise | 4.3 | 4.6 | 4.4 | 4.8 | 4.5 | 4.5 | 4.5 | ||||||||||||||||||||
KK Supply Chain (external sales) | 24.4 | 24.3 | 24.3 | 25.0 | 24.6 | 23.9 | 24.4 | ||||||||||||||||||||
100.0 | % | 100.0 | % | 100.0 | % | 100.0 | 100.0 | % | 100.0 | % | 100.0 | % | |||||||||||||||
Operating income (loss): | |||||||||||||||||||||||||||
Company Stores | $ | (294 | ) | $ | (4,221 | ) | $ | (4,515 | ) | $ | (4,470 | ) | $ | (8,985 | ) | $ | (828 | ) | $ | (9,813 | ) | ||||||
Domestic Franchise | 1,120 | 1,523 | 2,643 | 1,157 | 3,800 | 1,165 | 4,965 | ||||||||||||||||||||
International Franchise | 3,322 | 2,375 | 5,697 | 3,031 | 8,728 | 2,822 | 11,550 | ||||||||||||||||||||
KK Supply Chain | 7,992 | 3,999 | 11,991 | 5,449 | 17,440 | 5,829 | 23,269 | ||||||||||||||||||||
Total segment operating income | 12,140 | 3,676 | 15,816 | 5,167 | 20,983 | 8,988 | 29,971 | ||||||||||||||||||||
Unallocated general and administrative expenses | (7,172 | ) | (5,028 | ) | (12,200 | ) | (6,134 | ) | (18,334 | ) | (6,328 | ) | (24,662 | ) | |||||||||||||
Impairment charges and lease termination costs | 645 | 348 | 993 | (345 | ) | 648 | (1,196 | ) | (548 | ) | |||||||||||||||||
Consolidated operating income (loss) | $ | 5,613 | $ | (1,004 | ) | $ | 4,609 | $ | (1,312 | ) | $ | 3,297 | $ | 1,464 | $ | 4,761 | |||||||||||
(1) | Percentage amounts may not add to totals due to rounding. |
Krispy Kreme Doughnuts, Inc.
Company Store Segment Operating Results
Company Store Segment Operating Results
Fiscal Year 2011 | |||
Q1 | |||
(In thousands) | |||
Revenues: | |||
On-premises sales: | |||
Retail sales | $ | 25,406 | |
Fundraising sales | 4,647 | ||
Total on-premises sales | 30,053 | ||
Off-premises sales: | |||
Grocers/mass merchants | 18,651 | ||
Convenience stores | 13,164 | ||
Other off-premises | 666 | ||
Total off-premises sales | 32,481 | ||
Total revenues | 62,534 | ||
Operating expenses: | |||
Cost of sales: | |||
Food, beverage and packaging | 22,979 | ||
Shop labor | 12,214 | ||
Delivery labor | 5,261 | ||
Employee benefits | 4,732 | ||
Total cost of sales | 45,186 | ||
Vehicle costs | 3,054 | ||
Occupancy | 2,426 | ||
Utilities expense | 1,410 | ||
Depreciation expense | 1,395 | ||
Other operating expenses | 4,825 | ||
Total store level costs | 58,296 | ||
Store operating income | 4,238 | ||
Other segment operating costs | 3,144 | ||
Allocated corporate overhead | 1,125 | ||
Segment operating loss | $ | (31 | ) |
Percentage of Total | ||
Revenues (1) | ||
Fiscal Year 2011 | ||
Q1 | ||
Revenues: | ||
On-premises sales: | ||
Retail sales | 40.6 | % |
Fundraising sales | 7.4 | |
Total on-premises sales | 48.1 | |
Off-premises sales: | ||
Grocers/mass merchants | 29.8 | |
Convenience stores | 21.1 | |
Other off-premises | 1.1 | |
Total off-premises sales | 51.9 | |
Total revenues | 100.0 | |
Operating expenses: | ||
Cost of sales: | ||
Food, beverage and packaging | 36.7 | |
Shop labor | 19.5 | |
Delivery labor | 8.4 | |
Employee benefits | 7.6 | |
Total cost of sales | 72.3 | |
Vehicle costs | 4.9 | |
Occupancy | 3.9 | |
Utilities expense | 2.3 | |
Depreciation expense | 2.2 | |
Other operating expenses | 7.7 | |
Total store level costs | 93.2 | |
Store operating income | 6.8 | |
Other segment operating costs | 5.0 | |
Allocated corporate overhead | 1.8 | |
Segment operating loss | (0.0 | )% |
(1) | Percentage amounts may not add to totals due to rounding. |
Krispy Kreme Doughnuts, Inc.
Company Store Segment Operating Results
Company Store Segment Operating Results
Fiscal Year 2010 | ||||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||||
(In thousands) | ||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||
On-premises sales: | ||||||||||||||||||||||
Retail sales | $ | 27,706 | $ | 25,022 | $ | 52,728 | $ | 24,682 | $ | 77,410 | $ | 26,446 | $ | 103,856 | ||||||||
Fundraising sales | 4,498 | 2,553 | 7,051 | 3,753 | 10,804 | 2,677 | 13,481 | |||||||||||||||
Total on-premises sales | 32,204 | 27,575 | 59,779 | 28,435 | 88,214 | 29,123 | 117,337 | |||||||||||||||
Off-premises sales: | ||||||||||||||||||||||
Grocers/mass merchants | 17,902 | 17,839 | 35,741 | 17,413 | 53,154 | 17,798 | 70,952 | |||||||||||||||
Convenience stores | 15,171 | 13,894 | 29,065 | 13,555 | 42,620 | 12,831 | 55,451 | |||||||||||||||
Other off-premises | 580 | 545 | 1,125 | 617 | 1,742 | 629 | 2,371 | |||||||||||||||
Total off-premises sales | 33,653 | 32,278 | 65,931 | 31,585 | 97,516 | 31,258 | 128,774 | |||||||||||||||
Other revenues | - | - | - | - | - | 262 | 262 | |||||||||||||||
Total revenues | 65,857 | 59,853 | 125,710 | 60,020 | 185,730 | 60,643 | 246,373 | |||||||||||||||
Operating expenses: | ||||||||||||||||||||||
Cost of sales: | ||||||||||||||||||||||
Food, beverage and packaging | 22,105 | 20,231 | 42,336 | 20,910 | 63,246 | 21,305 | 84,551 | |||||||||||||||
Shop labor | 12,536 | 11,956 | 24,492 | 11,938 | 36,430 | 12,284 | 48,714 | |||||||||||||||
Delivery labor | 5,687 | 5,258 | 10,945 | 5,211 | 16,156 | 5,124 | 21,280 | |||||||||||||||
Employee benefits | 5,039 | 4,543 | 9,582 | 5,259 | 14,841 | 4,304 | 19,145 | |||||||||||||||
Total cost of sales | 45,367 | 41,988 | 87,355 | 43,318 | 130,673 | 43,017 | 173,690 | |||||||||||||||
Vehicle costs | 2,862 | 2,604 | 5,466 | 3,081 | 8,547 | 2,944 | 11,491 | |||||||||||||||
Occupancy | 3,025 | 2,650 | 5,675 | 2,366 | 8,041 | 2,099 | 10,140 | |||||||||||||||
Utilities expense | 1,610 | 1,406 | 3,016 | 1,451 | 4,467 | 1,270 | 5,737 | |||||||||||||||
Depreciation expense | 1,496 | 1,519 | 3,015 | 1,694 | 4,709 | 1,584 | 6,293 | |||||||||||||||
Settlement of litigation | - | - | - | 750 | 750 | 950 | 1,700 | |||||||||||||||
Other operating expenses | 4,638 | 4,392 | 9,030 | 4,603 | 13,633 | 5,481 | 19,114 | |||||||||||||||
Total store level costs | 58,998 | 54,559 | 113,557 | 57,263 | 170,820 | 57,345 | 228,165 | |||||||||||||||
Store operating income | 6,859 | 5,294 | 12,153 | 2,757 | 14,910 | 3,298 | 18,208 | |||||||||||||||
Other segment operating costs | 2,328 | 2,341 | 4,669 | 2,560 | 7,229 | 2,338 | 9,567 | |||||||||||||||
Allocated corporate overhead | 1,587 | 1,566 | 3,153 | 1,577 | 4,730 | 1,623 | 6,353 | |||||||||||||||
Segment operating income (loss) | $ | 2,944 | $ | 1,387 | $ | 4,331 | $ | (1,380 | ) | $ | 2,951 | $ | (663 | ) | $ | 2,288 | ||||||
Percentage of Total Revenues (1) | ||||||||||||||||||||
Fiscal Year 2010 | ||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||
Revenues: | ||||||||||||||||||||
On-premises sales: | ||||||||||||||||||||
Retail sales | 42.1 | % | 41.8 | % | 41.9 | % | 41.1 | % | 41.7 | % | 43.6 | % | 42.2 | % | ||||||
Fundraising sales | 6.8 | 4.3 | 5.6 | 6.3 | 5.8 | 4.4 | 5.5 | |||||||||||||
Total on-premises sales | 48.9 | 46.1 | 47.6 | 47.4 | 47.5 | 48.0 | 47.6 | |||||||||||||
Off-premises sales: | ||||||||||||||||||||
Grocers/mass merchants | 27.2 | 29.8 | 28.4 | 29.0 | 28.6 | 29.3 | 28.8 | |||||||||||||
Convenience stores | 23.0 | 23.2 | 23.1 | 22.6 | 22.9 | 21.2 | 22.5 | |||||||||||||
Other off-premises | 0.9 | 0.9 | 0.9 | 1.0 | 0.9 | 1.0 | 1.0 | |||||||||||||
Total off-premises sales | 51.1 | 53.9 | 52.4 | 52.6 | 52.5 | 51.5 | 52.3 | |||||||||||||
Other revenues | - | - | - | - | - | 0.4 | 0.1 | |||||||||||||
Total revenues | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |||||||||||||
Operating expenses: | ||||||||||||||||||||
Cost of sales: | ||||||||||||||||||||
Food, beverage and packaging | 33.6 | 33.8 | 33.7 | 34.8 | 34.1 | 35.1 | 34.3 | |||||||||||||
Shop labor | 19.0 | 20.0 | 19.5 | 19.9 | 19.6 | 20.3 | 19.8 | |||||||||||||
Delivery labor | 8.6 | 8.8 | 8.7 | 8.7 | 8.7 | 8.4 | 8.6 | |||||||||||||
Employee benefits | 7.7 | 7.6 | 7.6 | 8.8 | 8.0 | 7.1 | 7.8 | |||||||||||||
Total cost of sales | 68.9 | 70.2 | 69.5 | 72.2 | 70.4 | 70.9 | 70.5 | |||||||||||||
Vehicle costs | 4.3 | 4.4 | 4.3 | 5.1 | 4.6 | 4.9 | 4.7 | |||||||||||||
Occupancy | 4.6 | 4.4 | 4.5 | 3.9 | 4.3 | 3.5 | 4.1 | |||||||||||||
Utilities expense | 2.4 | 2.3 | 2.4 | 2.4 | 2.4 | 2.1 | 2.3 | |||||||||||||
Depreciation expense | 2.3 | 2.5 | 2.4 | 2.8 | 2.5 | 2.6 | 2.6 | |||||||||||||
Settlement of litigation | - | - | - | 1.2 | 0.4 | 1.6 | 0.7 | |||||||||||||
Other operating expenses | 7.0 | 7.3 | 7.2 | 7.7 | 7.3 | 9.0 | 7.8 | |||||||||||||
Total store level costs | 89.6 | 91.2 | 90.3 | 95.4 | 92.0 | 94.6 | 92.6 | |||||||||||||
Store operating income | 10.4 | 8.8 | 9.7 | 4.6 | 8.0 | 5.4 | 7.4 | |||||||||||||
Other segment operating costs | 3.5 | 3.9 | 3.7 | 4.3 | 3.9 | 3.9 | 3.9 | |||||||||||||
Allocated corporate overhead | 2.4 | 2.6 | 2.5 | 2.6 | 2.5 | 2.7 | 2.6 | |||||||||||||
Segment operating income (loss) | 4.5 | % | 2.3 | % | 3.4 | % | (2.3 | )% | 1.6 | % | (1.1 | )% | 0.9 | % | ||||||
(1) | Percentage amounts may not add to totals due to rounding. |
Krispy Kreme Doughnuts, Inc.
Company Store Segment Operating Results
Company Store Segment Operating Results
Fiscal Year 2009 | ||||||||||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Revenues: | ||||||||||||||||||||||||||||
On-premises sales: | ||||||||||||||||||||||||||||
Retail sales | $ | 28,874 | $ | 25,190 | $ | 54,064 | $ | 25,622 | $ | 79,686 | $ | 27,456 | $ | 107,142 | ||||||||||||||
Fundraising sales | 4,270 | 2,645 | 6,915 | 3,789 | 10,704 | 2,556 | 13,260 | |||||||||||||||||||||
Total on-premises sales | 33,144 | 27,835 | 60,979 | 29,411 | 90,390 | 30,012 | 120,402 | |||||||||||||||||||||
Off-premises sales: | ||||||||||||||||||||||||||||
Grocers/mass merchants | 20,246 | 19,319 | 39,565 | 18,220 | 57,785 | 17,771 | 75,556 | |||||||||||||||||||||
Convenience stores | 18,015 | 17,106 | 35,121 | 16,391 | 51,512 | 15,559 | 67,071 | |||||||||||||||||||||
Other off-premises | 777 | 811 | 1,588 | 686 | 2,274 | 587 | 2,861 | |||||||||||||||||||||
Total off-premises sales | 39,038 | 37,236 | 76,274 | 35,297 | 111,571 | 33,917 | 145,488 | |||||||||||||||||||||
Total revenues | 72,182 | 65,071 | 137,253 | 64,708 | 201,961 | 63,929 | 265,890 | |||||||||||||||||||||
Operating expenses: | ||||||||||||||||||||||||||||
Cost of sales: | ||||||||||||||||||||||||||||
Food, beverage and packaging | 25,528 | 24,109 | 49,637 | 23,869 | 73,506 | 22,702 | 96,208 | |||||||||||||||||||||
Shop labor | 14,018 | 13,171 | 27,189 | 13,208 | 40,397 | 12,716 | 53,113 | |||||||||||||||||||||
Delivery labor | 6,721 | 6,447 | 13,168 | 6,232 | 19,400 | 6,019 | 25,419 | |||||||||||||||||||||
Employee benefits | 5,888 | 4,647 | 10,535 | 5,592 | 16,127 | 5,142 | 21,269 | |||||||||||||||||||||
Total cost of sales | 52,155 | 48,374 | 100,529 | 48,901 | 149,430 | 46,579 | 196,009 | |||||||||||||||||||||
Vehicle costs | 4,515 | 5,208 | 9,723 | 4,528 | 14,251 | 2,626 | 16,877 | |||||||||||||||||||||
Occupancy | 2,986 | 3,049 | 6,035 | 3,303 | 9,338 | 2,887 | 12,225 | |||||||||||||||||||||
Utilities expense | 1,828 | 1,851 | 3,679 | 1,880 | 5,559 | 1,677 | 7,236 | |||||||||||||||||||||
Depreciation expense | 1,628 | 1,678 | 3,306 | 1,548 | 4,854 | 1,548 | 6,402 | |||||||||||||||||||||
Other operating expenses | 5,232 | 5,319 | 10,551 | 5,275 | 15,826 | 5,253 | 21,079 | |||||||||||||||||||||
Total store level costs | 68,344 | 65,479 | 133,823 | 65,435 | 199,258 | 60,570 | 259,828 | |||||||||||||||||||||
Store operating income (loss) | 3,838 | (408 | ) | 3,430 | (727 | ) | 2,703 | 3,359 | 6,062 | |||||||||||||||||||
Other segment operating costs | 2,659 | 2,354 | 5,013 | 2,298 | 7,311 | 2,720 | 10,031 | |||||||||||||||||||||
Allocated corporate overhead | 1,473 | 1,459 | 2,932 | 1,445 | 4,377 | 1,467 | 5,844 | |||||||||||||||||||||
Segment operating loss | $ | (294 | ) | $ | (4,221 | ) | $ | (4,515 | ) | $ | (4,470 | ) | $ | (8,985 | ) | $ | (828 | ) | $ | (9,813 | ) | |||||||
Percentage of Total Revenues (1) | ||||||||||||||||||||
Fiscal Year 2009 | ||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||
Revenues: | ||||||||||||||||||||
On-premises sales: | ||||||||||||||||||||
Retail sales | 40.0 | 38.7 | 39.4 | 39.6 | 39.5 | 42.9 | 40.3 | % | ||||||||||||
Fundraising sales | 5.9 | 4.1 | 5.0 | 5.9 | 5.3 | 4.0 | 5.0 | |||||||||||||
Total on-premises sales | 45.9 | 42.8 | 44.4 | 45.5 | 44.8 | 46.9 | 45.3 | |||||||||||||
Off-premises sales: | ||||||||||||||||||||
Grocers/mass merchants | 28.0 | 29.7 | 28.8 | 28.2 | 28.6 | 27.8 | 28.4 | |||||||||||||
Convenience stores | 25.0 | 26.3 | 25.6 | 25.3 | 25.5 | 24.3 | 25.2 | |||||||||||||
Other off-premises | 1.1 | 1.2 | 1.2 | 1.1 | 1.1 | 0.9 | 1.1 | |||||||||||||
Total off-premises sales | 54.1 | 57.2 | 55.6 | 54.5 | 55.2 | 53.1 | 54.7 | |||||||||||||
Total revenues | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |||||||||||||
Operating expenses: | ||||||||||||||||||||
Cost of sales: | ||||||||||||||||||||
Food, beverage and packaging | 35.4 | 37.1 | 36.2 | 36.9 | 36.4 | 35.5 | 36.2 | |||||||||||||
Shop labor | 19.4 | 20.2 | 19.8 | 20.4 | 20.0 | 19.9 | 20.0 | |||||||||||||
Delivery labor | 9.3 | 9.9 | 9.6 | 9.6 | 9.6 | 9.4 | 9.6 | |||||||||||||
Employee benefits | 8.2 | 7.1 | 7.7 | 8.6 | 8.0 | 8.0 | 8.0 | |||||||||||||
Total cost of sales | 72.3 | 74.3 | 73.2 | 75.6 | 74.0 | 72.9 | 73.7 | |||||||||||||
Vehicle costs | 6.3 | 8.0 | 7.1 | 7.0 | 7.1 | 4.1 | 6.3 | |||||||||||||
Occupancy | 4.1 | 4.7 | 4.4 | 5.1 | 4.6 | 4.5 | 4.6 | |||||||||||||
Utilities expense | 2.5 | 2.8 | 2.7 | 2.9 | 2.8 | 2.6 | 2.7 | |||||||||||||
Depreciation expense | 2.3 | 2.6 | 2.4 | 2.4 | 2.4 | 2.4 | 2.4 | |||||||||||||
Other operating expenses | 7.2 | 8.2 | 7.7 | 8.2 | 7.8 | 8.2 | 7.9 | |||||||||||||
Total store level costs | 94.7 | 100.6 | 97.5 | 101.1 | 98.7 | 94.7 | 97.7 | |||||||||||||
Store operating income (loss) | 5.3 | (0.6 | ) | 2.5 | (1.1 | ) | 1.3 | 5.3 | 2.3 | |||||||||||
Other segment operating costs | 3.7 | 3.6 | 3.7 | 3.6 | 3.6 | 4.3 | 3.8 | |||||||||||||
Allocated corporate overhead | 2.0 | 2.2 | 2.1 | 2.2 | 2.2 | 2.3 | 2.2 | |||||||||||||
Segment operating loss | (0.4 | ) | (6.5 | ) | (3.3 | ) | (6.9 | ) | (4.4 | ) | (1.3 | ) | (3.7 | )% | ||||||
(1) | Percentage amounts may not add to totals due to rounding. |
Krispy Kreme Doughnuts, Inc.
Company Store Segment Operating Metrics
Company Store Segment Operating Metrics
Fiscal Year 2011 | ||
Q1 | ||
On-premises: | ||
Change in same store sales | 3.4 | % |
Off-premises: | ||
Grocers/mass merchants: | ||
Change in average weekly number of doors | (6.1 | )% |
Change in average weekly sales per door | 11.4 | % |
Convenience stores: | ||
Change in average weekly number of doors | (10.2 | )% |
Change in average weekly sales per door | (1.9 | )% |
Krispy Kreme Doughnuts, Inc.
Company Store Segment Operating Metrics
Company Store Segment Operating Metrics
Fiscal Year 2010 | |||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | |||||||||||||||
On-premises: | |||||||||||||||||||||
Change in same store sales | 2.1 | % | 5.9 | % | 3.8 | % | 5.1 | % | 4.2 | % | 1.1 | % | 3.5 | % | |||||||
Off-premises: | |||||||||||||||||||||
Grocers/mass merchants: | |||||||||||||||||||||
Change in average weekly number of doors | (9.8 | )% | (11.9 | )% | (10.8 | )% | (10.4 | )% | (10.7 | )% | (10.6 | )% | (10.7 | )% | |||||||
Change in average weekly sales per door | 4.0 | % | 11.8 | % | 8.1 | % | 14.2 | % | 10.0 | % | 12.8 | % | 10.5 | % | |||||||
Convenience stores: | |||||||||||||||||||||
Change in average weekly number of doors | (8.6 | )% | (12.6 | )% | (10.6 | )% | (12.0 | )% | (11.1 | )% | (13.7 | )% | (11.7 | )% | |||||||
Change in average weekly sales per door | (6.6 | )% | (5.5 | )% | (5.8 | )% | (1.9 | )% | (4.5 | )% | (1.9 | )% | (4.1 | )% |
Krispy Kreme Doughnuts, Inc.
Company Store Segment Operating Metrics
Company Store Segment Operating Metrics
Fiscal Year 2009 | |||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | |||||||||||||||
On-premises: | |||||||||||||||||||||
Change in same store sales | 1.2 | % | (4.1 | )% | (1.3 | )% | (1.3 | )% | (1.3 | )% | 0.9 | % | (0.7 | )% | |||||||
Off-premises: | |||||||||||||||||||||
Grocers/mass merchants: | |||||||||||||||||||||
Change in average weekly number of doors | (9.5 | )% | (10.2 | )% | (9.8 | )% | (5.8 | )% | (8.6 | ) | (6.5 | )% | (8.0 | )% | |||||||
Change in average weekly sales per door | (5.0 | )% | (6.0 | )% | (5.5 | )% | (8.3 | )% | (6.4 | ) | 0.5 | % | (4.8 | )% | |||||||
Convenience stores: | |||||||||||||||||||||
Change in average weekly number of doors | (2.3 | )% | (5.5 | )% | (3.9 | )% | (5.5 | )% | (4.5 | ) | (6.8 | )% | (5.0 | )% | |||||||
Change in average weekly sales per door | (13.0 | )% | (10.6 | )% | (12.2 | )% | (10.5 | )% | (11.6 | ) | (8.4 | )% | (10.7 | )% |
Krispy Kreme Doughnuts, Inc.
Domestic Franchise Segment Operating Results
Domestic Franchise Segment Operating Results
Fiscal Year 2011 | ||
Q1 | ||
(In thousands) | ||
Revenues: | ||
Royalties | $ | 2,063 |
Other | 137 | |
Total revenues | 2,200 | |
Operating expenses: | ||
Segment operating expenses | 891 | |
Depreciation expense | 55 | |
Allocated corporate overhead | 100 | |
Total operating expenses | 1,046 | |
Segment operating income | $ | 1,154 |
Krispy Kreme Doughnuts, Inc.
Domestic Franchise Segment Operating Results
Domestic Franchise Segment Operating Results
Fiscal Year 2010 | ||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||
(In thousands) | ||||||||||||||||||||
Revenues: | ||||||||||||||||||||
Royalties | $ | 1,997 | $ | 1,748 | $ | 3,745 | $ | 1,891 | $ | 5,636 | $ | 1,906 | $ | 7,542 | ||||||
Development and franchise fees | - | - | - | - | - | 50 | 50 | |||||||||||||
Other | 54 | 54 | 108 | 54 | 162 | 53 | 215 | |||||||||||||
Total revenues | 2,051 | 1,802 | 3,853 | 1,945 | 5,798 | 2,009 | 7,807 | |||||||||||||
Operating expenses: | ||||||||||||||||||||
Segment operating expenses | 739 | 1,238 | 1,977 | 1,009 | 2,986 | 1,030 | 4,016 | |||||||||||||
Depreciation expense | 21 | 22 | 43 | 14 | 57 | 14 | 71 | |||||||||||||
Allocated corporate overhead | 111 | 108 | 219 | 111 | 330 | 122 | 452 | |||||||||||||
Total operating expenses | 871 | 1,368 | 2,239 | 1,134 | 3,373 | 1,166 | 4,539 | |||||||||||||
Segment operating income | $ | 1,180 | $ | 434 | $ | 1,614 | $ | 811 | $ | 2,425 | $ | 843 | $ | 3,268 | ||||||
Krispy Kreme Doughnuts, Inc.
Domestic Franchise Segment Operating Results
Domestic Franchise Segment Operating Results
Fiscal Year 2009 | ||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||
(In thousands) | ||||||||||||||||||||
Revenues: | ||||||||||||||||||||
Royalties | $ | 1,977 | $ | 2,194 | $ | 4,171 | $ | 1,828 | $ | 5,999 | $ | 1,811 | $ | 7,810 | ||||||
Development and franchise fees | 2 | 1 | 3 | - | 3 | - | 3 | |||||||||||||
Other | 67 | 54 | 121 | 54 | 175 | 54 | 229 | |||||||||||||
Total revenues | 2,046 | 2,249 | 4,295 | 1,882 | 6,177 | 1,865 | 8,042 | |||||||||||||
Operating expenses: | ||||||||||||||||||||
Segment operating expenses | 860 | 668 | 1,528 | 672 | 2,200 | 638 | 2,838 | |||||||||||||
Depreciation expense | 21 | 22 | 43 | 21 | 64 | 22 | 86 | |||||||||||||
Allocated corporate overhead | 45 | 36 | 81 | 32 | 113 | 40 | 153 | |||||||||||||
Total operating expenses | 926 | 726 | 1,652 | 725 | 2,377 | 700 | 3,077 | |||||||||||||
Segment operating income | $ | 1,120 | $ | 1,523 | $ | 2,643 | $ | 1,157 | $ | 3,800 | $ | 1,165 | $ | 4,965 | ||||||
Krispy Kreme Doughnuts, Inc.
International Franchise Segment Operating Results
International Franchise Segment Operating Results
Fiscal Year 2011 | ||
Q1 | ||
(In thousands) | ||
Revenues: | ||
Royalties | $ | 3,884 |
Development and franchise fees | 876 | |
Total revenues | 4,760 | |
Operating expenses: | ||
Segment operating expenses | 948 | |
Depreciation expense | 1 | |
Allocated corporate overhead | 325 | |
Total operating expenses | 1,274 | |
Segment operating income | $ | 3,486 |
Krispy Kreme Doughnuts, Inc.
International Franchise Segment Operating Results
International Franchise Segment Operating Results
Fiscal Year 2010 | ||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||
(In thousands) | ||||||||||||||||||||
Revenues: | ||||||||||||||||||||
Royalties | $ | 3,470 | $ | 3,484 | $ | 6,954 | $ | 3,165 | $ | 10,119 | $ | 4,045 | $ | 14,164 | ||||||
Development and franchise fees | 408 | 322 | 730 | 418 | 1,148 | 595 | 1,743 | |||||||||||||
Total revenues | 3,878 | 3,806 | 7,684 | 3,583 | 11,267 | 4,640 | 15,907 | |||||||||||||
Operating expenses: | ||||||||||||||||||||
Segment operating expenses | 1,170 | 1,604 | 2,774 | 1,198 | 3,972 | 954 | 4,926 | |||||||||||||
Allocated corporate overhead | 273 | 259 | 532 | 268 | 800 | 285 | 1,085 | |||||||||||||
Total operating expenses | 1,443 | 1,863 | 3,306 | 1,466 | 4,772 | 1,239 | 6,011 | |||||||||||||
Segment operating income | $ | 2,435 | $ | 1,943 | $ | 4,378 | $ | 2,117 | $ | 6,495 | $ | 3,401 | $ | 9,896 | ||||||
Krispy Kreme Doughnuts, Inc.
International Franchise Segment Operating Results
International Franchise Segment Operating Results
Fiscal Year 2009 | ||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||
(In thousands) | ||||||||||||||||||||
Revenues: | ||||||||||||||||||||
Royalties | $ | 3,762 | $ | 3,804 | $ | 7,566 | $ | 3,698 | $ | 11,264 | $ | 3,678 | $ | 14,942 | ||||||
Development and franchise fees | 645 | 540 | 1,185 | 813 | 1,998 | 462 | 2,460 | |||||||||||||
Other | 59 | 34 | 93 | - | 93 | - | 93 | |||||||||||||
Total revenues | 4,466 | 4,378 | 8,844 | 4,511 | 13,355 | 4,140 | 17,495 | |||||||||||||
Operating expenses: | ||||||||||||||||||||
Segment operating expenses | 901 | 1,775 | 2,676 | 1,257 | 3,933 | 1,083 | 5,016 | |||||||||||||
Allocated corporate overhead | 243 | 228 | 471 | 223 | 694 | 235 | 929 | |||||||||||||
Total operating expenses | 1,144 | 2,003 | 3,147 | 1,480 | 4,627 | 1,318 | 5,945 | |||||||||||||
Segment operating income | $ | 3,322 | $ | 2,375 | $ | 5,697 | $ | 3,031 | $ | 8,728 | $ | 2,822 | $ | 11,550 | ||||||
Krispy Kreme Doughnuts, Inc.
KK Supply Chain Segment Operating Results
KK Supply Chain Segment Operating Results
Fiscal Year 2011 | ||||
Q1 | ||||
(In thousands) | ||||
Revenues: | ||||
Doughnut mixes | $ | 16,060 | ||
Other ingredients, packaging and supplies | 27,838 | |||
Equipment | 1,808 | |||
Fuel surcharge | 199 | |||
Total revenues before intersegment sales elimination | 45,905 | |||
Operating expenses: | ||||
Cost of sales: | ||||
Cost of goods produced and purchased | 29,505 | |||
Inbound freight | 870 | |||
Total cost of sales | 30,375 | |||
Distribution costs: | ||||
Outbound freight | 2,539 | |||
Other distribution costs | 941 | |||
Total distribution costs | 3,480 | |||
Other segment operating costs | 2,873 | |||
Depreciation expense | 212 | |||
Allocated corporate overhead | 275 | |||
Total operating costs | 37,215 | |||
Segment operating income | $ | 8,690 | ||
Percentage of | ||||
Total Revenues | ||||
Before Intersegment | ||||
Sales Elimination (1) | ||||
Fiscal Year 2011 | ||||
Q1 | ||||
Revenues: | ||||
Doughnut mixes | 35.0 | % | ||
Other ingredients, packaging and supplies | 60.6 | |||
Equipment | 3.9 | |||
Fuel surcharge | 0.4 | |||
Total revenues before intersegment sales elimination | 100.0 | |||
Operating expenses: | ||||
Cost of sales: | ||||
Cost of goods produced and purchased | 64.3 | |||
Inbound freight | 1.9 | |||
Total cost of sales | 66.2 | |||
Distribution costs: | ||||
Outbound freight | 5.5 | |||
Other distribution costs | 2.0 | |||
Total distribution costs | 7.6 | |||
Other segment operating costs | 6.3 | |||
Depreciation expense | 0.5 | |||
Allocated corporate overhead | 0.6 | |||
Total operating costs | 81.1 | |||
Segment operating income | 18.9 | % | ||
(1) | Percentage amounts may not add to totals due to rounding. |
Krispy Kreme Doughnuts, Inc.
KK Supply Chain Segment Operating Results
KK Supply Chain Segment Operating Results
Fiscal Year 2010 | |||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | |||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenues: | |||||||||||||||||||||
Doughnut mixes | $ | 16,965 | $ | 13,032 | $ | 29,997 | $ | 14,096 | $ | 44,093 | $ | 14,239 | $ | 58,332 | |||||||
Other ingredients, packaging and supplies | 25,986 | 23,462 | 49,448 | 23,732 | 73,180 | 24,442 | 97,622 | ||||||||||||||
Equipment | 1,907 | 1,260 | 3,167 | 1,486 | 4,653 | 1,520 | 6,173 | ||||||||||||||
Total revenues before intersegment sales elimination | 44,858 | 37,754 | 82,612 | 39,314 | 121,926 | 40,201 | 162,127 | ||||||||||||||
Operating expenses: | |||||||||||||||||||||
Cost of sales: | |||||||||||||||||||||
Cost of goods produced and purchased | 29,109 | 26,023 | 55,132 | 26,952 | 82,084 | 26,418 | 108,502 | ||||||||||||||
Inbound freight | 1,037 | 845 | 1,882 | 852 | 2,734 | 749 | 3,483 | ||||||||||||||
Total cost of sales | 30,146 | 26,868 | 57,014 | 27,804 | 84,818 | 27,167 | 111,985 | ||||||||||||||
Distribution costs: | |||||||||||||||||||||
Outbound freight | 2,627 | 2,404 | 5,031 | 2,276 | 7,307 | 2,700 | 10,007 | ||||||||||||||
Other distribution costs | 1,105 | 801 | 1,906 | 785 | 2,691 | 681 | 3,372 | ||||||||||||||
Total distribution costs | 3,732 | 3,205 | 6,937 | 3,061 | 9,998 | 3,381 | 13,379 | ||||||||||||||
Other segment operating costs | 2,332 | 1,489 | 3,821 | 2,395 | 6,216 | 2,535 | 8,751 | ||||||||||||||
Depreciation expense | 227 | 223 | 450 | 219 | 669 | 214 | 883 | ||||||||||||||
Allocated corporate overhead | 282 | 282 | 564 | 286 | 850 | 317 | 1,167 | ||||||||||||||
Total operating costs | 36,719 | 32,067 | 68,786 | 33,765 | 102,551 | 33,614 | 136,165 | ||||||||||||||
Segment operating income | $ | 8,139 | $ | 5,687 | $ | 13,826 | $ | 5,549 | $ | 19,375 | $ | 6,587 | $ | 25,962 | |||||||
Percentage of Total Revenues Before Intersegment Sales Elimination (1) | ||||||||||||||||||||
Fiscal Year 2010 | ||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||
Revenues: | ||||||||||||||||||||
Doughnut mixes | 37.8 | % | 34.5 | % | 36.3 | % | 35.9 | % | 36.2 | % | 35.4 | % | 36.0 | % | ||||||
Other ingredients, packaging and supplies | 57.9 | 62.1 | 59.9 | 60.4 | 60.0 | 60.8 | 60.2 | |||||||||||||
Equipment | 4.3 | 3.3 | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 | |||||||||||||
Total revenues before intersegment sales elimination | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |||||||||||||
Operating expenses: | ||||||||||||||||||||
Cost of sales: | ||||||||||||||||||||
Cost of goods produced and purchased | 64.9 | 68.9 | 66.7 | 68.6 | 67.3 | 65.7 | 66.9 | |||||||||||||
Inbound freight | 2.3 | 2.2 | 2.3 | 2.2 | 2.2 | 1.9 | 2.1 | |||||||||||||
Total cost of sales | 67.2 | 71.2 | 69.0 | 70.7 | 69.6 | 67.6 | 69.1 | |||||||||||||
Distribution costs: | ||||||||||||||||||||
Outbound freight | 5.9 | 6.4 | 6.1 | 5.8 | 6.0 | 6.7 | 6.2 | |||||||||||||
Other distribution costs | 2.5 | 2.1 | 2.3 | 2.0 | 2.2 | 1.7 | 2.1 | |||||||||||||
Total distribution costs | 8.3 | 8.5 | 8.4 | 7.8 | 8.2 | 8.4 | 8.3 | |||||||||||||
Other segment operating costs | 5.2 | 3.9 | 4.6 | 6.1 | 5.1 | 6.3 | 5.4 | |||||||||||||
Depreciation expense | 0.5 | 0.6 | 0.5 | 0.6 | 0.5 | 0.5 | 0.5 | |||||||||||||
Allocated corporate overhead | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.7 | |||||||||||||
Total operating costs | 81.9 | 84.9 | 83.3 | 85.9 | 84.1 | 83.6 | 84.0 | |||||||||||||
Segment operating income | 18.1 | % | 15.1 | % | 16.7 | % | 14.1 | % | 15.9 | % | 16.4 | % | 16.0 | % | ||||||
(1) | Percentage amounts may not add to totals due to rounding. |
Krispy Kreme Doughnuts, Inc.
KK Supply Chain Segment Operating Re sults
KK Supply Chain Segment Operating Re sults
Fiscal Year 2009 | |||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | |||||||||||||||
(In thousands) | |||||||||||||||||||||
Revenues: | |||||||||||||||||||||
Doughnut mixes | $ | 20,183 | $ | 17,990 | $ | 38,173 | $ | 17,939 | $ | 56,112 | $ | 17,200 | $ | 73,312 | |||||||
Other ingredients, packaging and supplies | 28,200 | 26,235 | 54,435 | 26,355 | 80,790 | 25,264 | 106,054 | ||||||||||||||
Equipment | 2,336 | 2,033 | 4,369 | 2,453 | 6,822 | 1,927 | 8,749 | ||||||||||||||
Fuel surcharge | 884 | 1,084 | 1,968 | 1,057 | 3,025 | 316 | 3,341 | ||||||||||||||
Total revenues before intersegment sales elimination | 51,603 | 47,342 | 98,945 | 47,804 | 146,749 | 44,707 | 191,456 | ||||||||||||||
Operating expenses: | |||||||||||||||||||||
Cost of sales: | |||||||||||||||||||||
Cost of goods produced and purchased | 35,289 | 33,134 | 68,423 | 33,074 | 101,497 | 30,097 | 131,594 | ||||||||||||||
Inbound freight | 1,950 | 2,283 | 4,233 | 1,750 | 5,983 | 1,567 | 7,550 | ||||||||||||||
Total cost of sales | 37,239 | 35,417 | 72,656 | 34,824 | 107,480 | 31,664 | 139,144 | ||||||||||||||
Distribution costs: | |||||||||||||||||||||
Outbound freight | 3,128 | 5,003 | 8,131 | 2,868 | 10,999 | 2,807 | 13,806 | ||||||||||||||
Other distribution costs | 338 | 336 | 674 | 1,262 | 1,936 | 1,421 | 3,357 | ||||||||||||||
Total distribution costs | 3,466 | 5,339 | 8,805 | 4,130 | 12,935 | 4,228 | 17,163 | ||||||||||||||
Other segment operating costs | 2,288 | 2,002 | 4,290 | 2,813 | 7,103 | 2,393 | 9,496 | ||||||||||||||
Depreciation expense | 262 | 255 | 517 | 248 | 765 | 254 | 1,019 | ||||||||||||||
Allocated corporate overhead | 356 | 330 | 686 | 340 | 1,026 | 339 | 1,365 | ||||||||||||||
Total operating costs | 43,611 | 43,343 | 86,954 | 42,355 | 129,309 | 38,878 | 168,187 | ||||||||||||||
Segment operating income | $ | 7,992 | $ | 3,999 | $ | 11,991 | $ | 5,449 | $ | 17,440 | $ | 5,829 | $ | 23,269 | |||||||
Percentage of Total Revenues Before Intersegment Sales Elimination (1) | ||||||||||||||||||||
Fiscal Year 2009 | ||||||||||||||||||||
Q1 | Q2 | Q2 YTD | Q3 | Q3 YTD | Q4 | Q4 YTD | ||||||||||||||
Revenues: | ||||||||||||||||||||
Doughnut mixes | 39.1 | % | 38.0 | % | 38.6 | % | 37.5 | % | 38.2 | % | 38.5 | % | 38.3 | % | ||||||
Other ingredients, packaging and supplies | 54.6 | 55.4 | 55.0 | 55.1 | 55.1 | 56.5 | 55.4 | |||||||||||||
Equipment | 4.5 | 4.3 | 4.4 | 5.1 | 4.6 | 4.3 | 4.6 | |||||||||||||
Fuel surcharge | 1.7 | 2.3 | 2.0 | 2.2 | 2.1 | 0.7 | 1.7 | |||||||||||||
Total revenues before intersegment sales elimination | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |||||||||||||
Operating expenses: | ||||||||||||||||||||
Cost of sales: | ||||||||||||||||||||
Cost of goods produced and purchased | 68.4 | 70.0 | 69.2 | 69.2 | 69.2 | 67.3 | 68.7 | |||||||||||||
Inbound freight | 3.8 | 4.8 | 4.3 | 3.7 | 4.1 | 3.5 | 3.9 | |||||||||||||
Total cost of sales | 72.2 | 74.8 | 73.4 | 72.8 | 73.2 | 70.8 | 72.7 | |||||||||||||
Distribution costs: | ||||||||||||||||||||
Outbound freight | 6.1 | 10.6 | 8.2 | 6.0 | 7.5 | 6.3 | 7.2 | |||||||||||||
Other distribution costs | 0.7 | 0.7 | 0.7 | 2.6 | 1.3 | 3.2 | 1.8 | |||||||||||||
Total distribution costs | 6.7 | 11.3 | 8.9 | 8.6 | 8.8 | 9.5 | 9.0 | |||||||||||||
Other segment operating costs | 4.4 | 4.2 | 4.3 | 5.9 | 4.8 | 5.4 | 5.0 | |||||||||||||
Depreciation expense | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.5 | |||||||||||||
Allocated corporate overhead | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.7 | |||||||||||||
Total operating costs | 84.5 | 91.6 | 87.9 | 88.6 | 88.1 | 87.0 | 87.8 | |||||||||||||
Segment operating income | 15.5 | % | 8.4 | % | 12.1 | % | 11.4 | % | 11.9 | % | 13.0 | 12.2 | % | |||||||
(1) | Percentage amounts may not add to totals due to rounding. |