Glossary
Gross sales
Gross sales: Gross sales is the total revenue generated from sales of licensed products in a reporting period, measured before any deductions for returns, allowances, freight, or other contractual adjustments. It is the top-line number against which the royalty rate is initially applied.
// In practice
A brand sells 2,500 units of a licensed jersey at $50 each. Gross sales for the period is $125,000.
// Related terms
Related glossary terms
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