What was the total amount of revenues recognized at a point in time for Ben Jerrys in 2022?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
right-of-use assets | $ 36 | $ 37 | | Total finance lease expense | 36 | 37 | | Operating lease expense | $ 84 | $ 84 | | Variable lease expense | 36 | 36 | | Total lease expense | $ 156 | $ 157 |
Notes to Consolidated Financial Statements (Dollars in Thousands) December 31, 2023 and 2022
(7) Revenue recognition
(a) Disaggregation of revenue
Revenues are disaggregated by timing of revenue recognition related to contracts with customers ("ASC 606") as follows:
| | 2023 | 2022 | |----------------------------
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys's 2025 Franchise Disclosure Document, the total revenues recognized at a point in time in 2022 was $9,044 (in thousands). These revenues consist of net product sales and commission revenue. Net product sales accounted for $4,338 (in thousands), while commission revenue contributed $4,706 (in thousands).
For a prospective Ben Jerrys franchisee, understanding the breakdown between revenues recognized over time versus at a point in time is crucial for financial planning and forecasting. Revenues recognized at a point in time, like net product sales from company-owned stores and commission revenue, reflect immediate transactions.
This information is helpful for franchisees to understand the different revenue streams and how they are recognized. This can help a franchisee better understand the financial performance of Ben Jerrys and how their own revenue might be recognized.