What was the total operating income from
Dickeys_Barbecue_Pit Franchise · 2024 FDDAnswer from 2024 FDD Document
its services as needed for its franchisee customers.
NOTE 9: REVENUE (Continued)
Disaggregated Revenue
Disaggregated revenue were as follows:
| For the years ended May 31, | 2024 | 2023 | 2022 |
|---|---|---|---|
| Operating income | |||
| Royalty fees | $ 10,668,869 | $ 12,200,173 | $ 13,370,451 |
| Gift card breakage fees | 313,067 | 370,504 | 626,507 |
| Ve |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 95)
What This Means (2024 FDD)
According to Dickey's Barbecue Pit's 2024 Franchise Disclosure Document, the total operating income for the year ended May 31, 2024, was $20,235,606. The operating income is derived from several sources, including royalty fees, gift card breakage fees, vendor incentives, and other miscellaneous fees. These figures represent the income generated from the core operations of Dickey's Barbecue Pit's franchising activities.
In addition to the 2024 figure, the FDD provides historical data for the years ended May 31, 2023, and May 31, 2022. The total operating income for 2023 was $23,574,981, and for 2022, it was $26,160,804. This historical data can be useful for prospective franchisees to understand the trend and stability of Dickey's Barbecue Pit's operating income over the past three years.
A prospective franchisee should note that while operating income is a key indicator of Dickey's Barbecue Pit's financial performance, it does not represent the company's overall profitability. The financial statement also includes various expenses, such as selling and administrative expenses, which impact the net income or loss. Reviewing the complete financial statements, including revenue, expenses, and other income/losses, is essential for a comprehensive understanding of Dickey's Barbecue Pit's financial health.