Welcome to our dedicated page for Bt Brands news (Ticker: BTBDW), a resource for investors and traders seeking the latest updates and insights on Bt Brands stock.
BT Brands Inc (BTBDW) maintains an active presence in the quick-service restaurant sector through its Burger Time operations and Dairy Queen franchising. This page serves as the definitive source for corporate announcements, financial updates, and operational developments.
Investors and industry observers will find curated press releases covering earnings reports, leadership changes, and strategic initiatives. Regular updates include menu innovations at Burger Time locations, franchise expansion plans, and operational efficiency milestones across all business segments.
The repository features three primary news categories: financial performance updates, brand development news, and industry partnership announcements. All content is sourced directly from company communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to BT Brands' latest developments. Those monitoring the competitive fast-food landscape will appreciate our commitment to maintaining a current, well-organized news archive.
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, 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.
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