BAB, Inc. Reports Profit for Year-ended 11/30/14

By: Big Apple Bagels, Inc. (BAB) | 0 Shares 180 Reads

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.

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BAB, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS


	Fiscal Year Ended

	2014		2013		% Change
REVENUES

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	%
Total Revenue	2,534,590		2,450,194		3.4	%

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 expense	(4,308	)	(5,699	)	-24.4	%
Interest and other income	673		968		-30.5	%

Current tax expense	(22,417	)	(30,067	)	N/M

Net Income	511,946		350,533		46.0	%

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