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.
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BAB, Inc. (OTCQB: BABB) reported its first-quarter financial results for the period ending February 28, 2023. The company achieved revenues of $746,000, marking a 1.0% increase from $738,000 in the same quarter of the previous year. However, net income decreased by 43.8% to $35,000, or $0.00 per share, down from $63,000 or $0.01 per share last year. Total operating expenses rose to $696,000 compared to $650,000 in the prior year, largely due to a holiday bonus increasing payroll expenses by $36,000. Additionally, the company set aside $14,000 for income tax, a decrease from $26,000 the previous year.
BAB, Inc. (OTCQB: BABB) announced a quarterly distribution of $0.01 per share, payable on April 19, 2023, to shareholders of record as of March 30, 2023. A portion of this distribution may be treated as a return of capital, while the remainder could be viewed as a dividend, depending on the company's earnings for the fiscal year ending November 30, 2023. The final classification will be communicated through a tax information return in early 2024. BAB, Inc. franchises popular brands like Big Apple Bagels and Brewster’s coffee.