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

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

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.

(TABLE FOLLOWS)

 
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  
                         

SOURCE BAB, Inc.

Contact:

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

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