BAB, Inc. Reports Profit for Year-ended 11/30/18

By: Big Apple Bagels, Inc. (BAB) | 0 Shares 116 Reads

DEERFIELD, Ill. - Feb. 06, 2019 // GLOBE NEWSWIRE // - BAB, Inc. (OTCQB: BABB) announced its financial results for its fiscal year ended November 30, 2018, reporting net income of $508,000, or $0.07 per share.

For the year-ended November 30, 2018, BAB, Inc. had revenues of $2,173,000 and net income of $508,000, or $0.07 per share, versus revenues of $2,221,000 and net income of $454,000, or $0.06 per share, for the same period in 2017.

Total operating expenses for the year ended November 30, 2018, were $1,636,000 versus $1,761,000 for the year ended November 30, 2017.

BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® Coffee. The Company’s stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com.

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Media Contact:

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

BAB, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS


	Fiscal Year Ended

	2018			2017			% Change
REVENUES

Royalty fees from franchised stores	$	1,665,016		$	1,726,976		-3.6	%
Franchise and area development fee revenue		34,500			50,000		-31.0	%
Licensing fees and other income		473,815			443,917		6.7	%
Total Revenue		2,173,331			2,220,893		-2.1	%

OPERATING COSTS AND EXPENSES

Selling, general and administrative		1,634,405			1,749,791		-6.6	%
Depreciation and amortization		1,210			11,536		-89.5	%
Total Operating Expense		1,635,615			1,761,327		-7.1	%

Income before interest, other and taxes		537,716			459,566		17.0	%

Interest and other income		159			107		48.6	%

Current tax expense		(30,000	)		(5,500	)	445.5	%

Net Income	$	507,875		$	454,173		11.8	%

Earnings per share - basic and diluted		0.07			0.06
Average number of shares outstanding		7,263,508			7,263,508