The table below shows our operating results for fiscal 53 weeks ended February 2,fiscal 52 weeks ended February 1, and fiscal 52 weeks ended January 31, and for the nine months ended November 1, 39 weeks and October 31, 39 weeks expressed as a percentage of total revenues.
We believe that our trademarks and other proprietary rights are important to our success and our competitive position. We are dependent on a sole supplier for our glaze flavoring.
Our vertical integration allows us to: In addition to these on-premises sales, we have developed multiple channels of sales outside our stores, which we refer to as off-premises sales. Currently, all of our area developers are on schedule to develop a total of additional stores in their territories during their initial development schedule, which is generally five years.
Information in this prospectus related to the performance of franchised stores is based solely on information provided by our franchisees. We have made guaranties, entered into collateral repurchase agreements and provided other financial 8 assistance to some of our officers and directors who are also franchisees, and to franchisees affiliated with officers and directors.
If any of these options are exercised, there will be further dilution to new investors. We cannot assure you that we or our franchisees will be able to pass such additional costs on to customers in whole or in part.
As we expand the Krispy Kreme concept, we will incur infrastructure costs in the form of additional personnel to support the expansion, and additional facilities costs to provide mixes, equipment and other 19 items necessary to operate the various new stores.
This is in addition to the dealers' obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions. You should read the following selected financial data in conjunction with "Use of Proceeds," "Management's Discussion and Analysis of Financial Condition and Results of Operations," the consolidated financial statements and accompanying notes and the other financial data included elsewhere in this prospectus.
The combination of our well-established brand, our one-of-a-kind doughnuts and our strong franchise system creates significant opportunities for continued growth. Similarly, the operators of two doughnut stores in Clinton County, Ohio and one convenience store in Brown County, Ohio, have represented that they will cease using the Crispie Creme name by January Operating expenses exclude depreciation and amortization expenses.
You should read the entire prospectus carefully, including the section entitled "Risk Factors" and our consolidated financial statements and the accompanying notes included elsewhere in this prospectus.
Our ability to raise additional capital through future issuances of equity securities could also be impaired. A disruption in the operation of our computer systems could result in additional expenses and reduced profitability because of the need for additional personnel time to acquire necessary information, additional recordkeeping costs and less efficient purchasing and distribution.
In addition to our retail stores, we are vertically integrated. Although we have limited backup sources for our equipment, obtaining our equipment quickly in the event of the loss of our Winston-Salem plant would be difficult, and would have a material adverse effect on our ability to supply equipment to new stores or new parts for the maintenance of existing equipment in established stores.
Forward-looking statements involve risks and uncertainties that may cause our actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition we express or imply in any forward-looking statements.
A description of each of the segments follows. The as adjusted balance sheet data give effect to this offering and the merger as if they had occurred on October 31, Additionally, this business unit purchases and sells essentially all supplies necessary to operate a Krispy Kreme store, including all food ingredients, juices, Krispy Kreme coffee, signage, display cases, uniforms and other items.
Because it is a summary, it does not contain all the information that you should consider before investing. In addition to lowering the cost of goods sold for our stores, Support Operations generates attractive margins on sales of our mixes and equipment.
Our principal business is the high volume production and sale of over 20 varieties of premium quality doughnuts, including our signature Hot Original Glazed. Future issuances of our common stock, including issuances in connection with stock option exercises, could cause further dilution.
In addition, we are dependent on gasoline for our delivery trucks that supply our off-premises sales customers and natural gas as a fuel in the doughnut production process. Area developers pay royalties of 4. Certain operating data are also shown for the same periods.
Represents the results of our company-owned stores. Pending application of the net proceeds as described above, we will invest the net proceeds in short-term, interest-bearing investment grade or government securities.
Our results of operations could also be affected by changing consumer tastes -- for instance, if prevailing health or dietary preferences cause consumers to avoid doughnuts in favor of foods that are perceived as more healthy. State laws limit our ability to terminate or refuse to renew franchises.
Our continued growth and success is dependent on these officers and directors, as with our other franchisees. We also purchase other products, such as coffee, in large quantities.
Our loan agreement covers both a revolving line of credit and a term loan. Creighton University, a Catholic, Jesuit institution located in Omaha, Neb., enrolls more than 4, undergraduate and 3, professional school and graduate students.
Battalion Commander, United States Army Recruiting Command, Dallas, Texas Senior Intelligence Officer - G2, 7th INFANTRY Division, Fort Carson, Colorado Nothing on this site alters the terms or conditions of any of our policies.
Supplementary coverage options may be added to an insurance policy for an additional cost where applicable. See your agent for more information. Product and features are subject to underwriting criteria and may not. Church Mutual is the leading insurer of worship centers and related organizations in the United States.
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