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. (OTCQB: BABB) is a food service contractors company in the accommodation and food services sector that focuses on franchising and licensing branded concepts. The company’s news flow centers on its financial performance, cash distributions to shareholders, and updates about its franchise and licensing activities for Big Apple Bagels, My Favorite Muffin, SweetDuet frozen yogurt, and Brewster’s Coffee.
News releases from BAB, Inc. regularly cover quarterly and annual financial results, including revenue by category such as royalty fees from franchised stores, franchise and area development fee revenue, licensing fees and other income, and marketing fund revenue. These updates often explain how changes in marketing fund expenses affect reported total revenue and operating expenses, and how this relates to net income under U.S. GAAP.
The company also issues announcements about cash distributions, including quarterly per-share distributions and, at times, special distributions. In these releases, BAB, Inc. discusses how distributions may be treated for tax purposes, noting that portions may be classified as a return of capital or as dividends depending on earnings for the fiscal year.
In addition, BAB, Inc. files Form 8-K reports for material events, such as changes in directors and officers and amendments to its Preferred Shares Rights Agreement. Investors following BABB news can use this page to review earnings announcements, distribution declarations, and governance-related disclosures that may be relevant to understanding the company’s operations and capital return practices.
BAB, Inc. (OTCQB: BABB) has announced a quarterly cash distribution of $0.01 per share, payable on October 11, 2024, to shareholders of record as of September 23, 2024. The company notes that for tax purposes, a portion of this distribution and future 2024 distributions may be treated as a return of capital, while the remainder may be considered a dividend. The exact dividend portion will be determined in January 2025, based on the company's fiscal year 2024 earnings ending November 30, 2024. Shareholders will receive tax information returns in early 2025.
BAB, Inc. operates in the food franchise industry, managing brands such as Big Apple Bagels, My Favorite Muffin, SweetDuet, and Brewster's coffee.
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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