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What's the meaning of "bake into" in this context

 
 
vadych
 
Reply Thu 26 Nov, 2015 05:32 am
i'd like to know what this means. the sentence is from the economic article.

the past drivers of margin expansion are largely baked into current results.

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Type: Question • Score: 3 • Views: 1,367 • Replies: 2
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FBM
 
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Reply Thu 26 Nov, 2015 05:46 am
@vadych,
It means that the current results include, take into account or are based on past drivers.
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layman
 
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Reply Thu 26 Nov, 2015 05:48 am
@vadych,
Quote:
the past drivers of margin expansion are largely baked into current results


Have any more context? It's not clear (to me, anyway) exactly what is being called "past drivers of margin expansion."

I assume it's something like this: Say you want to bake a pie. If you want an apple pie, you put apples in before you bake it. Cherries if you want cherry pie.

Once the pie comes out, you can't change it now. The ingredients are "baked in."
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