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, Inc. (NASDAQ: BTBD, BTBDW) reported a 49% increase in total revenues for the fiscal year ending January 1, 2023, reaching $12.6 million. However, operating income declined to a loss of $391,164, compared to a profit of $980,712 in 2021. The net loss attributable to common shareholders was $562,285, equating to a loss of $0.09 per share. Restaurant-level Adjusted EBITDA rose to $1,691,703, up from $1,631,530. The company's cash and short-term investments stood at $8.1 million at year-end. BT Brands faced challenges with staffing and inflation, affecting sales and store hours. Despite acquiring three restaurants, there are uncertainties surrounding their performance and impacts of the current economic climate, leading the company to refrain from providing a financial forecast for fiscal 2023.
For the fiscal third quarter ended October 2, 2022, BTBD reported a 76.4% increase in revenue, reaching $4.0 million compared to $2.3 million in 2021, largely due to contributions from recently acquired businesses. However, same-store sales for Burger Time fell by 14.0%, impacted by staffing challenges, leading to limited operational hours. The year-to-date net loss was $224,531, down from a net income of $583,267 in the previous year. Due to inflation, staffing issues, and uncertainties related to acquisitions, the company is withholding its financial forecast for fiscal 2022.
BT Brands reported a 47.9% increase in total revenues to $3.5 million for Q2 2022, and a 29.5% increase to $5.6 million year-to-date. Key developments include the acquisition of Pie in the Sky Coffee and Bakery in a tourist-driven area and a 41.2% stake in Bagger Dave's. However, same-store sales at Burger Time declined by 12.4% for the quarter. The company ended with $8.3 million in cash but posted a net loss of $49,625 for the quarter, raising concerns over inflationary pressures and uncertain future forecasts.
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