What was the net profit or loss for Ben Jerrys in 2022?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
| BEN & JERRY'S FRANCHISING, INC. AND SUBSIDIARY | ||
|---|---|---|
| Consolidated Statements of Operations | ||
| (In Thousands) | ||
| 2023 | 2022 | |
| Net product sales | $ 5,770 | $ 4,338 |
| Other revenues | ||
| Commission revenue | 4,644 | 4,706 |
| Franchise fee revenue | 33 | 24 |
| Royalty fee revenue | 2,603 | 1,594 |
| Franchise advertising contribution | 2,057 | 2,019 |
| Total revenues | 15,107 | 12,681 |
| Cost of sales | 1,748 | 1,448 |
| Gross profit | 13,359 | 11,233 |
| Selling, general and administrative expenses | 11,799 | 11,547 |
| Profit (loss) from operations | 1,560 | (314) |
| Other income (expense) | ||
| Interest expense from related party | (9) | (11) |
| Profit (loss) before income taxes | 1,551 | (325) |
| Income tax (expense) benefit | (390) | 67 |
| Net profit (loss) | $ 1,161 | $ (258) |
| See accompanying notes to consolidated financial statements |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys's 2025 Franchise Disclosure Document, the company experienced a net loss in 2022. Specifically, the consolidated statement of operations indicates a net profit (loss) of $(258) thousand for the year 2022. This means that Ben Jerrys's franchising operations had expenses exceeding revenues by $258,000 during that period.
This net loss is a key financial metric for prospective franchisees to consider. While not necessarily indicative of future performance, it provides insight into the financial health and operational efficiency of Ben Jerrys during that specific year. Factors contributing to the loss could include increased operating expenses, decreased sales, or other market-related challenges.
It's important to note that this figure represents the net profit or loss for Ben Jerrys Franchising, Inc. and its subsidiary, not the performance of individual franchise locations. A potential franchisee should investigate the reasons behind this loss and how Ben Jerrys plans to address it in subsequent years. Further due diligence, including reviewing multiple years of financial statements and speaking with existing franchisees, is advisable to gain a comprehensive understanding of the financial risks and opportunities associated with investing in a Ben Jerrys franchise.