What was the net income for Aunt Millies Bakeries in 2024?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
on-voting | | 141,327 | | 141,327 | | Contributed capital | | 8,070,989 | | 8,070,989 | | Accumulated other comprehensive income | | 1,398,589 | | 1,117,524 | | Retained earnings | _ | 17,231,695 | | 6,501,368 | | Total stockholders' equity | | 26,858,303 | | 15,846,911 | | Total Statistical System | | | | | | Total liabilities and stockholders' equity | $ | 126,654,714 | $ | 117,073,938 |
PERFECTION BAKERIES, INC. CONSOLIDATED STATEMENTS OF INCOME Years ended September 30, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Net sales | $ 462 |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the net sales for 2024 were $462,702,057, compared to $437,724,626 in 2023. The cost of sales was $311,115,028 in 2024 and $299,549,850 in 2023. This resulted in a gross profit of $151,587,029 for 2024, up from $138,174,776 in 2023.
Delivery and selling expenses amounted to $111,831,049 in 2024, while general and administrative expenses totaled $17,089,570. This led to an income before interest and other expenses of $22,666,410 for 2024.
Other income and expenses included interest expenses of ($1,449,065) and other net income of $2,242,411, resulting in a total other income of $793,346 for 2024. These figures provide a financial snapshot of Aunt Millies Bakeries's performance over the two years, which can be useful for prospective franchisees in evaluating the financial health and potential of the company.