What was the comprehensive income for Perfection Bakeries, Inc., which operates Aunt Millies Bakeries, in 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
The following pages in Exhibit I contain the audited consolidated balance sheets of Perfection Bakeries, Inc. as of September 30, 2024 and 2023, and September 30, 2023 and 2022, and the related consolidated statements of income and/or operations, comprehensive income and/or loss and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
I am unable to provide the comprehensive income for Perfection Bakeries, Inc. for 2023 from the 2025 Aunt Millies Bakeries Franchise Disclosure Document. While the document includes consolidated statements of comprehensive income (loss) for the years ended September 30, 2023 and 2022, and September 30, 2024 and 2023, the actual income figures are not present in the provided excerpts. The excerpts contain references to these financial statements and independent auditor's reports, but the specific financial data is missing.
A prospective Aunt Millies Bakeries franchisee would typically use the comprehensive income statement to assess the overall financial performance of the company. It provides a broader view of profitability by including items such as unrealized gains and losses on investments, which are not reflected in the traditional income statement. This information is crucial for understanding the financial stability and long-term prospects of the franchisor.
To obtain the comprehensive income figure for 2023, a potential franchisee should specifically request the complete audited financial statements from Aunt Millies Bakeries. This would include the consolidated statements of comprehensive income (loss) for the relevant periods. Reviewing these statements would allow the franchisee to assess the company's profitability, financial health, and ability to support its franchisees.