BAB, Inc. Reports Profit for 1st Quarter FY 2014

BAB, Inc. Reports Profit for 1st Quarter FY 2014

DEERFIELD, Ill. - April 07, 2014 - (BUSINESS WIRE) - BAB, Inc. (OTCBB: BABB), announced its financial results for the first quarter ended February 28, 2014.

For the quarter ended February 28, 2014, BAB had revenues of $537,000 and net income of $31,000, or $0.004 per share, versus revenues of $535,000 and a net loss of $65,000, or $0.009 per share, for the quarter ended February 28, 2013.

Total operating expenses were $505,000 for the quarter ended February 28, 2014, versus $599,000 for the same period in 2013 due primarily to decreases in payroll and payroll related expenses.

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.

Certain statements in this press release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “forecast,” “estimate,” “project,” “intend,” “expect,” “should,” “would,” “believe” and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the company’s actual results, performance (financial or operating), or achievements to differ from the future results, performance (financial or operating), or achievements expressed or implied by such forward-looking statements. The above factors are more fully discussed in the company’s SEC filings.

BAB, INC.          
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS        
           
           
  QUARTER ENDED
           
  02/28/14     02/28/13     % Change  
           
REVENUES          
           
Royalty fees from franchised stores 396,706     419,919     -5.5 %
Franchise and area development fee revenue 35,000     0     N/M  
Licensing fees and other income 105,165     115,160     -8.7 %
  536,871     535,079     0.3 %
           
OPERATING COSTS AND EXPENSES          
           
Selling, general and administrative 500,085     594,916     -15.9 %
Depreciation and amortization 4,561     4,344     5.0 %
  504,646     599,260     -15.8 %
           
Income/(Loss) before interest, other and taxes 32,225     (64,181 )   -150.2 %
           
Interest expense (1,137 )   (1,482 )   -23.3 %
Interest income 148     307     -51.8 %
           
Net Income/(Loss) 31,236     (65,356 )   -147.8 %
           
Earnings/(Loss) per share - basic 0.004     (0.009 )   N/M  
Average number of shares outstanding 7,263,508     7,263,508     N/M  
           
Earnings/(Loss) per share - diluted 0.004     (0.009 )   N/M  
Average number of shares outstanding 7,266,245     7,265,265     N/M  

Contact:

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

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

UBreakiFix
uBreakiFix is a consumer electronics repair company based out of Orlando, FL that specializes in refurbishing and restoring smartphones, tablets,...
AAMCO Transmissions and Total Car Care
AAMCO franchisees benefit from joining a brand that has been in business for over 50 years. Our iconic, Double A, Beep Beep, M-C-O mnemonic brings...
Homewatch CareGivers
Homewatch CareGivers gives entrepreneurs a proven path to financial success as well as the opportunity to make a positive change in the world. We are...
Eat The Frog Fitness
As an Eat The Frog Fitness Franchisee you will own a business with great potential in the growing $35 billion dollar fitness industry.
Kiddie Academy
Educational Child Care Franchise. Kiddie Academy is one of the nation's most respected providers of quality educational child care.
Share This Page

Subscribe to Franchising Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.