On what date does the fiscal year end for Aunt Millies Bakeries?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
Item 21 FINANCIAL STATEMENTS
The attached Exhibit I includes the following:
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.
Our fiscal year ends on September 30.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to Aunt Millie's Bakeries' 2025 Franchise Disclosure Document, the company's fiscal year ends on September 30th. This is relevant for prospective franchisees because the financial statements provided in the FDD (specifically in Exhibit I) are audited consolidated balance sheets as of September 30, 2024 and 2023, and the related consolidated statements of income, comprehensive income, and cash flows for the years then ended.
Understanding the fiscal year-end is important for analyzing the financial performance of Aunt Millie's Bakeries. Franchisees can use this information to assess the company's profitability, stability, and overall financial health. The financial statements provide a historical view of the company's performance, which can be helpful in evaluating the potential risks and rewards of investing in an Aunt Millie's Bakeries franchise.
By knowing that the fiscal year concludes on September 30th, prospective franchisees can accurately interpret the financial data presented in the FDD. This allows for a more informed decision-making process when considering whether to invest in an Aunt Millie's Bakeries franchise. Reviewing these dates in conjunction with the financial statements will provide a clear picture of the company's financial position over the stated periods.