BRC Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
BRCC$9.80-2.9%Stored close · as of Nov 10, 2026
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Deferred Revenue and Gift Card Liability
- Deferred Revenue and Gift Card Liability
The following table provides information about deferred revenue, gift cards, and the Loyalty Program, including significant changes in deferred revenue balances for the below designated periods (dollars in thousands, unaudited):
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Balance at beginning of period | $11,030 | $9,505 |
| Sales of gift cards | 1,729 | 346 |
| Redemption of gift cards | (1,793) | (374) |
| Increase from deferral of revenue | 2,295 | 3,127 |
| Decrease from revenue recognition | (2,832) | (3,560) |
| Loyalty Program points earned | 721 | 521 |
| Loyalty Program points redeemed/expired | (3,588) | (220) |
| Balance at end of period | $7,562 | $9,345 |
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