What was the net 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, |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, the company's net income for 2023 was $14,199,697. This represents a significant turnaround compared to 2022, when the company experienced a net loss of $5,256,940.
This information is crucial for prospective franchisees as it provides insight into the financial health and profitability of Aunt Millies Bakeries. A positive net income suggests that the company is managing its revenues and expenses effectively, which can be a reassuring factor for individuals considering investing in a franchise.
However, it's important to consider this figure in the context of the company's overall financial performance over several years. While 2023 shows a strong net income, the loss in 2022 indicates potential volatility or specific challenges the company faced during that period. Prospective franchisees should investigate the reasons behind the 2022 loss and assess whether similar factors could impact future profitability. Reviewing several years of financial statements will provide a more comprehensive understanding of the company's financial stability and growth potential.
Furthermore, potential franchisees should compare Aunt Millies Bakeries' net income to industry averages and the performance of its competitors. This comparative analysis can help determine whether the company's profitability is competitive and sustainable. It is also important to note that these figures reflect the performance of Perfection Bakeries, Inc. and its subsidiaries, not necessarily an individual franchise location.