BAB, Inc. Results

BAB, Inc. Reports Profit for 2nd Quarter FY 2017

BAB, Inc.

BAB, Inc. (OTCQB: BABB), announced its financial results for the second quarter ended May 31, 2017.

For the quarter ended May 31, 2017, BAB had revenues of $608,000 and net income of $136,000, or $0.02 per share, versus revenues of $564,000 and net income of $132,000, or $0.02 per share, for the same quarter last year.

For the six months ended May 31, 2017, BAB had revenues of $1,101,000 and net income of $189,000, or $0.03 per share, versus revenues of $1,145,000 and net income of $221,000, or $0.03 per share for the same period in 2016.

Total operating expenses for the quarter ended May 31, 2017, were $472,000, versus $433,000, in 2016. Total operating expenses for the six months ended May 31, 2017 were $912,000 versus $924,000 for the six months ended May 31, 2016.

BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® frozen yogurt and Brewster’s® Coffee. The Company’s stock is traded on the OTCQB under the symbol BABB.

 
BAB, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
             
                   
Quarter Ended Six Months Ended
05/31/17   05/31/16   % Change 05/31/17   05/31/16   % Change
 
REVENUES
 
Royalty fees from franchised stores $447,982 $449,713 -0.4 % $848,243 $856,613 -1.0 %
Franchise and area development fee revenue 40,000 3,000 1233.3 % 40,000 18,000 122.2 %
Licensing fees and other income 119,895   111,727   7.3 % 212,355   270,704   -21.6 %
Total Revenue 607,877 564,440 7.7 % 1,100,598 1,145,317 -3.9 %
 
OPERATING COSTS AND EXPENSES
 
Selling, general and administrative 466,726 427,371 9.2 % 901,555 914,063 -1.4 %
Depreciation and amortization 5,170   5,167   0.1 % 10,378   10,016   3.6 %
Total Expense 471,896 432,538 9.1 % 911,933 924,079 -1.3 %
       
Income from operations 135,981 131,902   3.1 % 188,665 221,238   -14.7 %
Interest expense - (397 ) -100.0 % - (794 ) -100.0 %
Interest/other income 31 147 -78.9 % 63 333 -81.1 %
Income taxes - - N/M - - N/M
           
NET INCOME $136,012   $131,652   3.3 % $188,728   $220,777   -14.5 %
 
Earnings per share - basic and diluted $0.02 $0.02 N/M $0.03 $0.03 N/M
Average number of shares outstanding 7,263,508 7,263,508 7,263,508 7,263,508
 



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