DEERFIELD, Ill., April 05, 2024 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the first quarter ended February 29, 2024.
Key Points:
- DEERFIELD, Ill., April 05, 2024 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the first quarter ended February 29, 2024.
- For the quarter ended February 29, 2024, BAB had revenues of $836,000 and net income of $99,000, or $0.01 per share, versus revenues $746,000 and net income of $35,000, or earnings of $0.00 per share, for the same quarter last year.
- Total operating expenses for the quarter ended February 29, 2024, were $714,000, versus $696,000, in same period 2023.
- In the first quarter of 2024, Marketing Fund expenses increased $21,000 compared to the same quarter in 2023.
The portion of the April 12, 2024 Distribution that will be treated as a dividend will not be determined until January 2025, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2024.
Key Points:
- The portion of the April 12, 2024 Distribution that will be treated as a dividend will not be determined until January 2025, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2024.
- The final determination will be reported to recipients of the Distributions on a tax information return in early 2025.
- BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® coffee.
- The Company’s stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com .
Retrieved on:
Friday, February 16, 2024
Income from operations for fiscal 2023 is $615,000 compared to $608,000 in 2022.
Key Points:
- Income from operations for fiscal 2023 is $615,000 compared to $608,000 in 2022.
- The tax provision expense was $183,000 for the year ended November 30, 2023 compared to $176,000 for the year ended November 30, 2022.
- The tax expense was $7,000 higher in 2023 compared to 2022, primarily because of higher interest income in 2023.
- Total operating expenses for the year ended November 30, 2023, were $2,895,000 versus $2,679,000 for the year ended November 30, 2022.
Retrieved on:
Monday, December 11, 2023
The portion of the January 16, 2024 Distribution that will be treated as a dividend will not be determined until January 2025, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2024.
Key Points:
- The portion of the January 16, 2024 Distribution that will be treated as a dividend will not be determined until January 2025, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2024.
- The final determination will be reported to recipients of the Distributions on a tax information return in early 2025.
- BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® coffee.
- The Company’s stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com .
Retrieved on:
Thursday, October 5, 2023
DEERFIELD, Ill., Oct. 05, 2023 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the third quarter ended August 31, 2023.
Key Points:
- DEERFIELD, Ill., Oct. 05, 2023 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the third quarter ended August 31, 2023.
- Royalty revenue and marketing fund revenue increased for the third quarter 2023 compared to third quarter 2022.
- Franchise fee revenue and License fee and other income decreased in the third quarter ended August 31, 2023 compared to same quarter 2022.
- Total operating expenses for the quarter ended August 31, 2023, were $718,000, versus $653,000, in 2022.
Retrieved on:
Tuesday, September 12, 2023
The portion of the October 18, 2023 Distribution that will be treated as a dividend will not be determined until January 2024, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2023.
Key Points:
- The portion of the October 18, 2023 Distribution that will be treated as a dividend will not be determined until January 2024, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2023.
- The final determination will be reported to recipients of the Distributions on a tax information return in early 2024.
- BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® coffee.
- The Company’s stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com .
DEERFIELD, Ill., July 06, 2023 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the second quarter ended May 31, 2023.
Key Points:
- DEERFIELD, Ill., July 06, 2023 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the second quarter ended May 31, 2023.
- Royalty revenue, marketing fund revenue, license fees and other revenue all increased for the second quarter 2023 compared to second quarter 2022.
- Franchise fee revenue decreased slightly in the second quarter ended May 31, 2023 compared to same quarter 2022.
- Total operating expenses for the quarter ended May 31, 2023, were $693,000, versus $692,000, in 2022.
The portion of the July 11, 2023 Distribution that will be treated as a dividend will not be determined until January 2024, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2023.
Key Points:
- The portion of the July 11, 2023 Distribution that will be treated as a dividend will not be determined until January 2024, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2023.
- The final determination will be reported to recipients of the Distributions on a tax information return in early 2024.
- BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® coffee.
- The Company’s stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com .
DEERFIELD, Ill., April 06, 2023 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the first quarter ended February 28, 2023.
Key Points:
- DEERFIELD, Ill., April 06, 2023 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB), announced its financial results for the first quarter ended February 28, 2023.
- For the quarter ended February 28, 2023, BAB had revenues of $746,000 and net income of $35,000, or $0.00 per share, versus revenues $738,000 and net income of $63,000, or earnings of $0.01 per share, for the same quarter last year.
- Total operating expenses for the quarter ended February 28, 2023, were $696,000, versus $650,000, in same period 2022.
- For February 28, 2023 there was a $14,000 income tax provision versus a $26,000 income tax provision for same period 2022.
The portion of the April 19, 2023 Distribution that will be treated as a dividend will not be determined until January 2024, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2023.
Key Points:
- The portion of the April 19, 2023 Distribution that will be treated as a dividend will not be determined until January 2024, as that portion is dependent upon the Company’s earnings for tax purposes for its fiscal year ending November 30, 2023.
- The final determination will be reported to recipients of the Distributions on a tax information return in early 2024.
- BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® coffee.
- The Company’s stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com .
