What was the net profit (loss) from operations 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 loss from operations of $314,000 in 2022. This figure is derived from the consolidated statements of operations, which provide a summary of the company's financial performance over the past few years.
Specifically, the document details various revenue streams, including net product sales, commission revenue, franchise fee revenue, royalty fee revenue, and franchise advertising contributions. These revenues totaled $12,681,000 in 2022. The cost of sales for the same period was $1,448,000, resulting in a gross profit of $11,233,000. However, selling, general, and administrative expenses amounted to $11,547,000, leading to the previously mentioned loss from operations.
Prospective franchisees should carefully consider these figures, as they provide insight into the financial health and operational efficiency of Ben Jerrys. While 2022 resulted in a loss from operations, it's important to review subsequent years to identify any trends or improvements in profitability. Additionally, understanding the various revenue streams and expense categories can help franchisees better manage their own shop's finances and contribute to the overall success of the Ben Jerrys franchise system.