Welcome to our dedicated page for Bab news (Ticker: BABB), a resource for investors and traders seeking the latest updates and insights on Bab stock.
Bab Inc (BABB) maintains this dedicated news hub for investors and stakeholders tracking developments in the fast casual dining franchisor. Our curated collection provides immediate access to all material announcements, including official press releases, regulatory filings, and strategic updates.
This resource centralizes critical information about operational milestones, leadership changes, and financial performance. Users will find comprehensive coverage of earnings reports, franchise expansion details, and product innovation announcements – all essential for understanding the company's market position.
Content is organized to highlight key business aspects: quarterly financial disclosures, partnership developments, operational improvements, and brand initiatives. Each update is presented with context about its significance within the competitive restaurant franchising landscape.
Bookmark this page for streamlined access to Bab Inc's evolving story. Combine regular checks with our news alerts to stay informed about this low-cost producer's progress in the dynamic fast casual dining sector.
BAB announced its Q2 FY 2024 financial results, reporting revenue of $883,000 and net income of $146,000 ($0.02 per share), compared to $864,000 in revenue and $127,000 in net income ($0.02 per share) in Q2 FY 2023. The six-month period ending May 31, 2024, saw revenues of $1,719,000 and net income of $244,000 ($0.03 per share), versus $1,610,000 in revenue and $162,000 in net income ($0.02 per share) for the same period in 2023. Royalty, marketing fund, and franchise fee revenues increased by $41,000, but license fee and other revenues decreased by $22,000. Total operating expenses for Q2 FY 2024 were $696,000, a slight increase from $693,000 in the same quarter last year. The six-month period saw operating expenses rise to $1,410,000 from $1,390,000, primarily due to a $41,000 increase in marketing expenses, offset by a $21,000 decrease in general and administrative expenses.
BAB announced a quarterly cash distribution of $0.01 per share, payable on July 12, 2024, to shareholders recorded by June 24, 2024. The distribution might partly be a return of capital, taxable based on shareholder’s basis, with the remainder as a dividend. The exact dividend portion will be determined by January 2025, based on the company’s earnings for its fiscal year ending November 30, 2024. BAB franchises Big Apple Bagels, My Favorite Muffin, SweetDuet, and Brewster’s coffee. The company trades on the OTCQB under the ticker BABB.
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