What was the total revenue for Ben Jerrys, as reported in the financial statements?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
; | | | | issued and outstanding, 100 shares) | - | - | | Additional paid-in capital | 14,311 | 14,311 | | Retained earnings | 3,409 | 2,248 | | Total equity | 17,720 | 16,559 | | | | | | Total liabilities and shareholder's equity | $ 27,510 | $ 22,871 | | | | | | See accompanying notes to consolidated financial statements | | |
Consolidated Statement of Operations
Years ended December 31, 2024 and 2023 (In thousands)
| 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 | | | Consolidated Statement of Changes in Shareholder's Equity Years ended December 31, 2024 and 2023
Years ended December 31, 2024 and 2023 (In thousands)
| Consolidated Statements of Changes in Shareholder's Equity | |||||
|---|---|---|---|---|---|
| (In Thousands) | |||||
| Common Stock Common Stock | Paid-In | Retained | Total | ||
| Shares | Capital | Earnings | Equity | ||
| Balance, December 31, 2021 | 100 | $ 0 | $ 14,311 | $ 2,506 | $ 16,817 |
| Net Loss | - | - | - |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys's 2025 Franchise Disclosure Document, the consolidated statements of operations show the total revenues for 2023 and 2022. In 2023, Ben Jerrys had total revenues of $15,107,000, while in 2022, the total revenues were $12,681,000.
These figures represent the income Ben Jerrys Franchising, Inc. generated from various sources, including net product sales, commission revenue, franchise fee revenue, royalty fee revenue, and franchise advertising contributions. Net product sales were $5,770,000 in 2023 and $4,338,000 in 2022. Commission revenue was $4,644,000 in 2023 and $4,706,000 in 2022. Franchise fee revenue was $33,000 in 2023 and $24,000 in 2022. Royalty fee revenue was $2,603,000 in 2023 and $1,594,000 in 2022. Lastly, franchise advertising contributions totaled $2,057,000 in 2023 and $2,019,000 in 2022.
Additionally, the interim Q1 2025 financial statements (unaudited) show a total revenue of $2,235,000. This includes net product sales of $666,000, commission revenue of $889,000, franchise fee revenue of $29,000, royalty fee revenue of $358,000, and franchise advertising contributions of $293,000. These figures provide a snapshot of Ben Jerrys's financial performance during the first quarter of 2025.