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 Q2 2022 financial results with revenues of $824,000 and a net income of $94,000, up from $749,000 and $87,000 in Q2 2021. For the first half of 2022, revenues reached $1,563,000 and net income was $157,000, compared to $1,472,000 and $420,000 in H1 2021. This drop in net income was attributed to prior non-taxable loan forgiveness of $228,155 in 2021. Operating expenses increased to $692,000 for Q2 2022, primarily due to higher payroll and marketing expenses.
BAB, Inc. (OTCQB: BABB) has announced a quarterly distribution of $0.01 per share, payable on July 11, 2022, to shareholders recorded by June 22, 2022. This distribution may partially be treated as a return of capital for tax purposes, pending the determination of the dividend portion, which will be based on the company's earnings for the fiscal year ending November 30, 2022. Detailed tax information will be provided in early 2023. BAB, Inc. franchises Big Apple Bagels®, My Favorite Muffin®, SweetDuet®, and Brewster’s® coffee.
BAB, Inc. (OTCQB: BABB) reported its first-quarter financial results for the period ending February 28, 2022. The company achieved revenues of $738,000, an increase of 2.1% from $723,000 in Q1 2021. Net income declined significantly to $63,000, or $0.01 per share, compared to $333,000, or $0.05 per share, last year, affected by prior debt forgiveness of $228,000. Operating expenses rose by 10.9% to $650,000 from $586,000. The company franchises Big Apple Bagels, My Favorite Muffin, SweetDuet frozen yogurt, and Brewster's Coffee.
BAB, Inc. (OTCQB: BABB) has declared a quarterly distribution of $0.01 per share, set to be paid on April 18, 2022, to shareholders recorded by March 29, 2022. The company indicates that part of this distribution may be considered a return of capital for tax purposes, while the remaining portion will be classified as a dividend. The exact dividend amount will be determined in January 2023, based on the company’s earnings for the fiscal year ending November 30, 2022. Shareholders will receive a tax information return detailing the distribution in early 2023.
BAB, Inc. (OTCQB: BABB) reported financial results for the fiscal year ending November 30, 2021, with revenues of $3,072,000 and net income of $651,000 ($0.09 per share), a significant turnaround from a loss of $66,000 in the prior year. Operating income improved to $542,000 from $233,000. Total operating expenses rose to $2,530,000, mainly due to increased marketing costs. The company also recognized $228,000 in debt forgiveness from the Paycheck Protection Program. The results reflect resilience, overcoming ongoing Covid-19 challenges.
BAB, Inc. (OTCQB: BABB) has announced a quarterly distribution of $0.01 per share, payable on January 11, 2022, for shareholders recorded by December 22, 2021. The company suggests that part of this distribution may be classified as a return of capital, whereas the remainder could be treated as a dividend, depending on its fiscal year earnings ending November 30, 2022. The dividend attribution will be confirmed in January 2023. BAB franchises various brands, including Big Apple Bagels and My Favorite Muffin.
BAB, Inc. (OTCQB: BABB) reported its financial results for the third quarter ended August 31, 2021. Revenues reached $789,000, an increase from $624,000 in Q3 2020, with net income rising to $133,000 or $0.02 per share compared to $104,000 or $0.01 per share last year. The surge in revenue is attributed to the lifting of COVID-19 restrictions and enhanced delivery options. For the nine-month period, revenues grew to $2.26 million, up from $1.67 million. Operating expenses increased to $591,000 in Q3 2021, primarily due to marketing costs.
BAB, Inc. (OTCQB: BABB) has declared a quarterly distribution of $0.01 per share, payable on October 18, 2021, to shareholders on record as of September 27, 2021.
This distribution may partly qualify as a return of capital for tax purposes, with the dividend portion determined in January 2022, based on the Company's earnings for the fiscal year ending November 30, 2021.
BAB, Inc. operates franchises of Big Apple Bagels®, My Favorite Muffin®, SweetDuet®, and Brewster’s® coffee.
BAB, Inc. (OTCQB: BABB) reported strong financial results for Q2 2021, with revenues of $749,000 and a net income of $87,000, compared to revenues of $352,000 and a net loss of $72,000 in Q2 2020. For the first six months of 2021, revenues reached $1,472,000 with a net income of $420,000. The improved performance is attributed to lifted COVID-19 restrictions and increased franchise sales, including higher marketing fund revenue. Operating expenses rose to $627,000 in Q2 due to increased marketing efforts as the company recovers from the pandemic.
BAB, Inc. (OTCQB: BABB) has announced a quarterly distribution of $0.01 per share, payable on July 12, 2021, to shareholders on record as of June 21, 2021. A portion of this distribution may be considered a return of capital for tax purposes, while the remainder may be classified as a dividend, with the exact amount determined in January 2022 based on the company's fiscal year earnings. BAB, Inc. operates franchises like Big Apple Bagels and My Favorite Muffin.