BRC (BRCC) - 2023 Q1 - Quarterly Report

Gift Cards 10 For those points that are earned through other activities, the Company recognizes the redemption of these points as a discount to the transaction price at time of sale. Refer to Note 5, Deferred Revenue and Gift Card Liability for information about changes in the current portion of deferred revenue and gift card liability for the three months ended March 31, 2023 and 2022. The franchise agreements also typically require upfront franchise fees such as initial fees paid for the execution of a fr ...