Welcome to our dedicated page for Bt Brands news (Ticker: BTBD), a resource for investors and traders seeking the latest updates and insights on Bt Brands stock.
BT Brands (BTBD) delivers affordable fast-food experiences through its Burger Time restaurants and Dairy Queen franchises. This page provides authorized updates about corporate developments, financial performance, and operational changes.
Investors and industry observers will find timely press releases, earnings reports, and strategic announcements. Track menu innovations, franchise expansions, and leadership updates while monitoring the company's position in the competitive quick-service sector.
Content includes quarterly financial disclosures, partnership announcements, and operational milestones. All materials are sourced directly from the company to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to BT Brands' official communications. Combine these updates with market analysis tools available on Stock Titan for informed decision-making.
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.
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