What was the comprehensive income for Aunt Millies Bakeries in 2024?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Net sales | $ 462,702,057 | $ 437,724,626 |
| Cost of sales | 311,115,028 | 299,549,850 |
| Gross profit | 151,587,029 | 138,174,776 |
| Delivery and selling expenses General and administrative expenses Income before interest and other (expense) income | 111,831,049 | 108,955,391 |
| 17,089,570 | 14,726,187 | |
| 22,666,410 | 14,493,198 | |
| Other income (expense): Interest expense Other income, net Total other income (expense) | (1,449,065) | (1,905,309) |
| 2,242,411 | 1,881,252 | |
| 793,346 | (24,057) | |
| Income before income tax expense | 23,459,756 | 14,469,141 |
| Income tax expense | 232,026 | 269,444 |
| Net income | $ 23,227,730 | $ 14,199,697 |
PERFECTION BAKERIES, INC. CONSOLIDATED S
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the consolidated statement of comprehensive income for the year 2024 was $23,508,795. This figure represents the total earnings of Perfection Bakeries, Inc., taking into account net income and other factors that impact the company's financial health.
For a prospective franchisee, this number provides insight into the overall financial performance of Aunt Millies Bakeries. A high comprehensive income suggests that the company is profitable and well-managed, which can be a positive indicator for potential investors. It demonstrates the brand's ability to generate earnings and manage its financial resources effectively.
It's important to note that this comprehensive income is for Perfection Bakeries, Inc., which includes its subsidiaries. The FDD states that Perfection Bakeries, Inc. produces and distributes bakery products throughout the Midwest and also sells nationally and internationally through its Bakehouse division. The comprehensive income reflects the overall performance of these combined operations, not just the franchise operations relevant to individual franchisees. Franchisees should consider this figure as part of a broader analysis of the company's financial stability and growth potential.