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. franchises and licenses foodservice brands including Big Apple Bagels®, My Favorite Muffin®, SweetDuet® frozen yogurt and Brewster’s® Coffee. Company news commonly covers quarterly and annual operating results, royalty revenue, licensing fees, marketing fund revenue and related expenses, and operating cost changes tied to its franchise and licensing model.
Updates also include cash distributions declared by the board, with tax characterization described after fiscal-year earnings are determined. The company’s common stock trades on the OTCQB under the symbol BABB.
BAB, Inc. (OTCQB: BABB) reported financial results for fiscal year 2024, showing improved performance across key metrics. Net income increased to $525,000 ($0.07 per share) from $467,000 ($0.06 per share) in 2023. Total revenues grew to $3,545,000, up from $3,510,000 in the previous year.
Income from operations rose to $665,000, an 8.1% increase from 2023's $615,000. Total operating expenses decreased to $2,880,000 from $2,895,000, primarily due to reduced Marketing Fund expenses ($67,000), occupancy costs ($13,000), and advertising expenses ($10,000). These savings were partially offset by increases in payroll expenses ($48,000) and professional service fees ($19,000).
The company, which franchises Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster's® Coffee, saw significant growth in franchise and area development fee revenue (106.2%) and licensing fees (8.1%).
BAB, Inc. (OTCQB: BABB) has announced a total cash distribution of $0.03 per share, comprising a quarterly distribution of $0.01 and a special distribution of $0.02. The distribution will be paid on January 9, 2025 to shareholders of record as of December 23, 2024.
The company notes that for tax purposes, a portion of this distribution and potential future 2025 distributions may be treated as a return of capital, while the remaining portion may be classified as a dividend. The final determination of the dividend portion for the January 2025 distribution will be communicated to shareholders via tax information returns in early 2026.
BAB, Inc. (OTCQB: BABB) reported its financial results for the third quarter ended August 31, 2024. The company saw revenues of $872,000 and net income of $160,000, or $0.02 per share earnings, compared to revenues of $937,000 and net income of $168,000 for the same quarter last year. For the nine months ended August 31, 2024, revenues were $2,591,000 with a net income of $405,000, or $0.06 per share, versus revenues of $2,547,000 and net income of $330,000 for the same period in 2023.
While royalty revenue increased, franchise fee revenue, license fee and other income, and marketing fund revenue decreased in Q3 2024 compared to Q3 2023. Total operating expenses for Q3 2024 were $667,000, down from $718,000 in 2023, primarily due to decreases in marketing fund expenses, occupancy, advertising, and travel costs, offset by slight increases in payroll, professional services, and employee benefits.
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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