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 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.
BAB, Inc. (OTCQB: BABB) reported first-quarter financial results for the period ending February 28, 2021, with revenues of $723,000 and net income of $333,000, representing earnings of $0.05 per share. This marks a revenue increase of 3.9% compared to $696,000 and net income of $43,000 or $0.01 per share in the same period last year. The net income includes loan forgiveness of $228,000. Operating expenses decreased to $586,000 from $638,000, and the income tax expense rose to $32,000.
BAB, Inc. (OTCQB: BABB) announced a quarterly distribution of $0.01 per share, payable on April 22, 2021, to shareholders of record as of April 1, 2021. The company believes that part of this distribution may be treated as a return of capital for tax purposes, with the remainder classified as a dividend. The determination of the dividend portion will depend on the company’s earnings for the fiscal year ending November 30, 2021, to be reported in early 2022. BAB, Inc. operates franchises for Big Apple Bagels®, My Favorite Muffin®, and others.
BAB, Inc. (OTCQB: BABB) reported a financial loss of $66,000, or $0.01 per share, for the fiscal year ending November 30, 2020, compared to a profit of $449,000 or $0.06 per share in 2019. Revenues decreased by 22.7% to $2,372,000, primarily due to declines in royalty fees and licensing income. Operating income fell to $233,000, adversely impacted by a noncash deferred tax expense of $285,000. The company received and fully forgave a Payroll Protection Program loan of $228,000. Total operating expenses increased to $2,596,000 from $2,138,000 in the previous year.