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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: N/A
IR: N/A
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).