What was the comprehensive income (loss) for Aunt Millies Bakeries in 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| Net sales | $ 437,724,626 | $ 368,147,696 |
| Cost of sales | 299,600,612 | 255,372,028 |
| Gross profit | 138,124,014 | 112,775,668 |
| Delivery and selling expenses General and administrative expenses Income (loss) before interest and other (expense) income | 108,904,629 | 103,715,732 |
| 14,726,187 | 14,095,902 | |
| 14,493,198 | (5,035,966) | |
| Other (expense) income: Interest expense Other income, net Total other expense | (1,905,309) | (1,653,362) |
| 1,881,252 | 1,550,156 | |
| (24,057) | (103,206) | |
| Income (loss) before income tax expense | 14,469,141 | (5,139,172) |
| Income tax expense | 269,444 | 117,768 |
| Net income (loss) | $ 14,199,697 | $ (5,256,940) |
PERFECTION BAKERIES, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INC
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 statements of comprehensive income for Perfection Bakeries, Inc., which includes Aunt Millie's, shows a comprehensive income of $14,475,395 for the year 2023. This figure represents the net income (loss) adjusted for other comprehensive income (loss) items such as interest rate swaps and changes in benefit plans.
The net income (loss) for 2023 was $14,199,697. The other comprehensive income (loss) components include an interest rate swap loss of $281,013 and a change in benefit plans resulting in an income of $556,711. These adjustments are combined to arrive at the comprehensive income.
For a prospective franchisee, understanding the comprehensive income provides a broader view of the financial performance of Aunt Millies Bakeries. It includes not only the net income but also unrealized gains and losses that can impact the overall financial health of the company. This information can be useful in assessing the stability and potential growth of the franchise system.