What was the income tax of continuous operation for Bimbo Foods Bakeries Distribution in 2023?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
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| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Income tax of continuous operation | $ 6,797 | $ 8,386 $ | 14,381 |
| Income tax of discontinued operation (Note 24) | (83) | (7) | 6,528 |
| Income tax | $ 6,714 | $ 8,379 $ | 20,909 |
| Effective income tax rate for continuous | |||
| operation | 32.31% | 33.1% |
Source: Item 14 — Other Accounts Payable and Accrued Liabilities (FDD pages 312–476)
What This Means (2025 FDD)
According to Bimbo Foods Bakeries Distribution's 2025 Franchise Disclosure Document, the income tax of continuous operation for the year 2023 was $8,386. This figure reflects the income tax related to the company's ongoing business activities, excluding any discontinued operations.
It's important to note that this is just one component of the overall financial picture. The income tax of discontinued operations for 2023 was $(7). The total income tax for Bimbo Foods Bakeries Distribution in 2023 was $8,379. The effective income tax rate for continuous operation was 33.1%.
Understanding these figures is crucial for prospective franchisees as it provides insight into the tax obligations and profitability of Bimbo Foods Bakeries Distribution. Reviewing these figures over several years (2022-2024) can reveal trends and potential impacts on a franchisee's investment and earnings.