May🌷 Financial💰 Analysis📊
Food and packaging down again as a % of sales. We managed the business well this month. Our operating margin was a little lower than we would have liked because of two large expenses.
By: James
💬 In This Post:
- Profitability Breakdown
- Monthly Financial Performance
- Financial Projections Update (new chart included)
- Weekly Sales Recap
Want to see last month's post?👇🏻
April🐰 Financial💰 Analysis📊
Mid April (weeks 16 and 17) have been the biggest sales weeks by far this year. They’re both more than double any other week of the year. What did both have in common?
Tuckedito
Profitability Breakdown
💰Sales , Profit, & Net Income
Note: There are no labor hours included since we have no employees
👀 What do I see?
- After adding May to the mix the April sales and profit jump doesn't look as sharp.
- Net income didn't follow the same trajectory as profit and sales.
🤔 What does this mean?
- We're getting into our busy season (for our first time). With a full schedule, and people being out and about, our sales numbers should be hovering around this level until October.
- Why did net income go sideways? Our direct expenses (packaging, ingredients, supplies) were in line (causing profit to follow sales), but not our other expenses. We had 2 large expenses that aren't typical, causing net income to be lower as a % of sales.