Bt Brands Stock Price, News & Analysis

BT Brands (NASDAQ: BTBD) reported Q1 2025 financial results, showing a 1.3% revenue increase despite operating two fewer locations compared to 2024. The company reduced its operating loss to $292,000 from $631,000 in 2024, while net loss per share improved by $0.02 to $0.05. Restaurant-level adjusted EBITDA significantly improved to $315,000 from a negative $15,672 in 2024.

BT Brands operates 15 restaurants including seven Burger Time locations, five Bagger Dave's restaurants (41.7% ownership), Keegan's Seafood Grille, Pie In The Sky Coffee and Bakery, and Schnitzel Haus. The company ended Q1 with $3.8 million in cash and short-term investments. Management expects a return to overall profitability for fiscal 2025 but is not providing specific guidance due to economic uncertainties.

BT Brands (BTBD) reported its financial results for 2024, showing mixed performance. Total revenues increased 5.3% to $14.8 million, but the company recorded a net loss of $2.31 million ($0.37 per share). Restaurant-level adjusted EBITDA declined from 6.2% to 4.9%.

The company operates 15 restaurants, including seven Burger Time locations, five Bagger Dave's restaurants (39.6% ownership), and individual locations of Keegan's Seafood Grille, Pie In The Sky Coffee and Bakery, and Schnitzel Haus. Notable challenges included a $415,085 loss from Bagger Dave's, Hurricane Helene's impact on Keegan's, and a $371,872 charge for Village Bier Garten's closure.

Management has implemented strategic initiatives including closing underperforming locations, cost-cutting measures, and menu reengineering at Burger Time. The company ended 2024 with $4.3 million in cash and short-term investments.

BT Brands (NASDAQ: BTBD) reported Q3 2024 financial results with total revenues increasing 8.1% to a record $4.3 million. The company posted a net loss of $219,479 ($0.04 per share) compared to a $3,486 loss in 2023. Restaurant-level adjusted EBITDA declined by $56,000 to $442,000. Pie in the Sky showed strong performance with a 13% revenue increase to $1,467,000, while Burger Time units increased quarterly sales by 9%. The company ended Q3 with $5.0 million in cash and short-term investments. Post-quarter, BT Brands sold its Hot-N-Now trademark for $250,000 upfront with potential future payments up to $150,000.

BT Brands (NASDAQ: BTBD) has filed a Notice of Exempt Solicitation urging Noble Roman's (NROM) shareholders to withhold support for director candidates at the upcoming August 27, 2024 meeting. BT Brands, owning about 1.56 million NROM shares, claims Noble Roman's Board prevented them from nominating a competing slate of directors. They allege that CEO A. Scott Mobley failed to provide promised nomination materials within the April 12-May 12 window, effectively blocking their nomination attempt. BT Brands argues this turned a potentially contested election into an uncontested one, entrenching current leadership. They're calling for shareholders to consider these actions when voting.

BT Brands, Inc. (Nasdaq: BTBD) reported Q2 2024 financial results. Total revenues increased 2.7% to $4.1 million, but the company posted a net loss of $69,952 ($.010 per share), an improvement from a $233,734 loss in 2023. Restaurant-level adjusted EBITDA declined to $437,000 from $632,000 year-over-year. Cash and short-term investments decreased to $5.2 million from $6.9 million last year.

Highlights include:

• Pie in the Sky's revenue increased 17.5% to $1,057,000
• Burger Time units saw 10%+ same-store sales growth
• Acquired Schnitzel Haus restaurant in Florida

The company faces challenges with increased labor costs and input prices but expects significant improvement in restaurant operating results in H2 2024.

BT Brands (Nasdaq: BTBD) reported its financial results for the first quarter of 2024, ending March 31. The company operates 17 restaurants, including its recent acquisition, Schnitzel Haus, completed on May 13, 2024. Total revenues increased by 3.9% to $3.2 million compared to the same period in 2023. However, operating loss widened to $631,000 from $251,000, and net loss attributable to common shareholders was $445,700 or $0.07 per share. Restaurant-level adjusted EBITDA dropped to a loss of $15,672 from a profit of $24,946. BT Brands ended the quarter with $6.1 million in cash and short-term investments, a decline from $6.9 million a year ago. CEO Gary Copperud mentioned efforts to reduce costs and improve performance amid inflationary pressures and staffing challenges. The company did not provide a financial forecast for fiscal 2024 due to ongoing uncertainties.