Crumbs Bake Shop Inc (PK:CRMBQ)
Business Focus: Food Retail & Distribution
| Sector: Consumer Non-Cyclicals | Industry: Food Retail & Distribution |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 110 West 40Th Street, Suite 2100 NEW YORK NY 10018 |
| Tel: | N/A |
| Website: | www.crumbs.com |
| IR: | See website |
| Key People | ||
| Edward M. Slezak Chief Executive Officer, General Counsel, Director | John D. Ireland Chief Financial Officer, Senior Vice President, Treasurer | Eric Wesolowski Chief Operating Officer |
| Robin Sepe Senior Vice President - Human Resources | Ronda S. Kase Secretary | |
| Business Overview |
| Crumbs Bake Shop, Inc. (CBS) is engaged in the business of selling a wide variety of cupcakes, cakes, cookies and other baked goods, as well as hot and cold beverages. The Company offers these products through its stores, e-commerce division, catering services and wholesale distribution business. It operates through its subsidiary, Crumbs Holdings LLC. The Company sells its products primarily through its Company-operated stores and online at www.crumbs.com. The Company offers a variety of high-quality baked goods. The Crumbs Website offers a variety of cupcakes in two sizes, its Signature Size and Taste Size. Crumbs' cupcakes are frozen, placed in attractive, specially designed packaging and shipped in insulated containers with dry ice. |
| Financial Overview |
| For the three months ended 31 March 2014, Crumbs Bake Shop Inc revenues decreased 25% to $9.1M. Net loss increased 92% to $3.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Loss on impairment of assets increase from $0K to $1.4M (expense), Interest expense increase from $0K to $208K (expense). |
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