Four Key Strategies to Boost Your Bakery’s Profit Margins

In this video, Glenn explores four strategies bakeries can use to increase their gross profit margin and reduce the cost of goods sold. Key tips include shopping around for better supplier prices, adjusting your product mix to focus on higher-margin items, reviewing pricing to ensure it reflects rising costs, and actively monitoring and managing wastage. Implementing these strategies can help bakeries strengthen their profitability and overall business performance.

Sharp Accounting has been working with businesses in the baking industry for more than two decades. Our specialist accountants understand the baking industry, and the pain points that come with baking operations, intimately. We work with clients to improve financial management, profit margins, and operational efficiencies.