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) 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.
BAB, Inc. (OTCQB: BABB) reported third-quarter results for 2020, with revenues of $624,000 and a net income of $104,000, compared to $793,000 and $149,000 for the same quarter in 2019. The decline is attributed to the Coronavirus pandemic affecting franchisee sales. For the first nine months of 2020, revenues were $1,672,000 with a net income of $75,000, down from $2,280,000 and $374,000 in 2019. Operating expenses decreased to $521,000 from $639,000 in the third quarter of 2019. A Payroll Protection Program loan of $228,000 has been received, which is expected to be forgiven.