DEERFIELD, Ill. - February 03, 2015 - (BUSINESS WIRE) - BAB, Inc. (OTCBB: BABB) announced its financial results for its fiscal year ended November 30, 2014, reporting net income of $512,000, or $0.07 per share.
For the year-ended November 30, 2014, BAB, Inc. had revenues of $2,535,000 and net income of $512,000, or $0.07 per share, versus revenues of $2,450,000 and net income of $351,000, or $0.05 per share, for the same period in 2013.
Total operating expenses for the year ended November 30, 2014, were $1,997,000 versus $2,065,000 for the year ended November 30, 2013.
BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet Frozen Yogurt & Gourmet Muffins® and Brewster’s® Coffee. The Company’s stock is traded on the OTCBB under the symbol BABB and its web site can be visited at www.babcorp.com.
|CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS|
|Fiscal Year Ended|
|Royalty fees from franchised stores||1,746,991||1,785,921||-2.2||%|
|Franchise and area development fee revenue||277,500||60,000||362.5||%|
|Licensing fees and other income||510,099||604,273||-15.6||%|
|OPERATING COSTS AND EXPENSES|
|Selling, general and administrative||1,978,609||2,047,370||-3.4||%|
|Depreciation and amortization||17,983||17,493||2.8||%|
|Total Operating Expense||1,996,592||2,064,863||-3.3||%|
|Income before interest, other and taxes||537,998||385,331||39.6||%|
|Interest and other income||673||968||-30.5||%|
|Current tax expense||(22,417||)||(30,067||)||N/M|
|Earnings per share - basic||0.07||0.05||N/M|
|Average number of shares outstanding||7,263,508||7,263,508||N/M|
|Earnings per share - diluted||0.07||0.05||N/M|
|Average number of shares outstanding||7,263,508||7,268,608||N/M|
SOURCE BAB, Inc.
Michael K. Murtaugh
Fax: (847) 405-8140
Big Apple Bagels, Inc. (BAB) operates, franchises, and licenses Big Apple Bagels ®, My Favorite Muffin ®, Jacobs Bros. Bagels ® and Brewster's ® Coffee.