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

By: Big Apple Bagels, Inc. (BAB) |  0 Shares     63 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.

(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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