BAB, Inc. Reports Profit for Year-ended 11/30/2013

DEERFIELD, Ill. - February 19, 2014 - (BUSINESS WIRE) - BAB, Inc. (OTCBB: BABB) announced its financial results for its fiscal year ended November 30, 2013, reporting net income of $351,000, or $0.05 per share.

For the year-ended November 30, 2013, BAB had revenues of $2,450,000 and net income of $351,000, or $0.05 per share, versus revenues of $2,675,000 and net income of $419,000, or $0.06 per share, for the same period in 2012.

Total operating expenses for the year ended November 30, 2013, were 2,065,000 versus $2,236,000 for the year ended November 30, 2012.

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.

BAB, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
             
             
    Fiscal Year Ended
             
    2013   2012   % Change
REVENUES            
             
Royalty fees from franchised stores   1,785,921     1,859,064     -3.9 %
Franchise and area development fee revenue   60,000     102,500     -41.5 %
Licensing fees and other income   604,273     713,258     -15.3 %
Total Revenue   2,450,194     2,674,822     -8.4 %
             
OPERATING COSTS AND EXPENSES            
             
Selling, general and administrative   2,047,370     2,217,332     -7.7 %
Depreciation and amortization   17,493     18,924     -7.6 %
Total Operating Expense   2,064,863     2,236,256     -7.7 %
             
Income before interest, other and taxes   385,331     438,566     -12.1 %
             
Interest expense   (5,699 )   (7,028 )   -18.9 %
Interest and other income   968     2,542     -61.9 %
             
Current tax expense   (30,067 )   (15,000 )   N/M  
             
Net Income   350,533     419,080     -16.4 %
             
Earnings per share - basic   0.05     0.06     N/M  
Average number of shares outstanding   7,263,508     7,263,508     N/M  
             
Earnings per share - diluted   0.05     0.06     N/M  
Average number of shares outstanding   7,268,608     7,265,860     N/M  

Contact:

Michael K. Murtaugh
BAB, Inc.
847) 948-7520
Fax: (847) 405-8140
www.babcorp.com

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