What were the unrecognized accumulated benefits of tax losses for Bimbo Foods Bakeries Distribution in 2023?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
007 | Certain subsidiaries that have tax losses have not recognized the deferred tax asset, since they do not have sufficient taxable income or projected earnings to estimate the time for recovery of such tax losses. Unrecognized accumulated benefits of such tax losses were $6,207 in 2024, $6,572 in 2023 and $7,902 in
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, certain subsidiaries with tax losses have not recognized the deferred tax asset because they lack sufficient taxable income or projected earnings to estimate when these tax losses might be recovered.
As of 2023, the unrecognized accumulated benefits of these tax losses amounted to $6,572. This means that Bimbo Foods Bakeries Distribution had a substantial amount of tax benefits that it could not immediately use to reduce its tax obligations due to insufficient profits in those specific subsidiaries.
For a prospective franchisee, this information provides insight into the financial management and tax strategies of Bimbo Foods Bakeries Distribution. While the unrecognized tax benefits don't directly impact a franchisee's operations, they reflect the overall financial health and tax planning of the parent company, which can be a factor in long-term stability and support.