What was the net loss for Aunt Millies Bakeries between October 1, 2021 and September 30, 2022?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
-voting | | 141,327 8,070,989 | | 141,327 8,070,989 | | Contributed capital | | 1,117,524 | | 841,826 | | Accumulated other comprehensive income | | 6,501,368 | | (2,751,414) | | Retained earnings (accumulated deficit) | - | 15,846,911 | - | 6,318,431 | | Total stockholders' equity | | 13,040,911 | ( | 0,310,431 | | Total liabilities and stockholders' equity | $ | 117,073,938 | $ | 85,363,706 |
PERFECTION BAKERIES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS Years ended September 30, 2023 and 2022
| 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 |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, the net loss for the period between October 1, 2021, and September 30, 2022, was approximately $5,256,940. This figure is derived from the consolidated statements of comprehensive income (loss) for Perfection Bakeries, Inc., which includes Aunt Millies Bakeries. This loss occurred within a context of net sales of $368,147,696 and a gross profit of $112,775,668 during the same period.
For a prospective franchisee, understanding the historical financial performance of Aunt Millies Bakeries is crucial. A net loss of this magnitude could indicate potential financial instability or challenges within the company during that specific period. It is important to investigate the reasons behind this loss, such as increased costs, decreased sales, or other economic factors, to assess whether these issues are ongoing or have been resolved.
It's also important to note that while there was a net loss in 2022, the financial statement also shows a net income of $14,199,697 for the year 2023. This swing suggests a significant turnaround in the company's financial performance. A potential franchisee should examine the factors contributing to this improvement to determine if it represents a sustainable trend.
In summary, while the $5,256,940 net loss in 2022 is a significant figure, it should be evaluated in the context of the company's overall financial history and recent performance. Prospective franchisees should seek clarification from Aunt Millies Bakeries regarding the causes of the loss and the strategies implemented to achieve the subsequent year's net income.