DEERFIELD, Ill., Feb. 06, 2018 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB:BABB) announced its financial results for its fiscal year ended November 30, 2017, reporting net income of $454,000, or $0.06 per share.
For the year-ended November 30, 2017, BAB, Inc. had revenues of $2,220,000 and net income of $454,000, or $0.06 per share, versus revenues of $2,386,000 and net income of $449,000, or $0.06 per share, for the same period in 2016.
Total operating expenses for the year ended November 30, 2017, were $1,761,000 versus $1,926,000 for the year ended November 30, 2016.
BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® Coffee. The Company’s stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com.
|CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS|
|Fiscal Year Ended|
|Royalty fees from franchised stores||$||1,726,976||$||1,744,640||-1.0%|
|Franchise and area development fee revenue||50,000||113,000||-55.8%|
|Licensing fees and other income||443,917||528,527||-16.0%|
|OPERATING COSTS AND EXPENSES|
|Selling, general and administrative||1,749,791||1,906,294||-8.2%|
|Depreciation and amortization||11,536||20,152||-42.8%|
|Total Operating Expense||1,761,327||1,926,446||-8.6%|
|Income before interest, other and taxes||459,566||459,721||0.0%|
|Interest and other income||107||502||-78.7%|
|Current tax expense||(5,500||)||(9,500||)||-42.1%|
|Earnings per share - basic and diluted||0.06||0.06|
|Average number of shares outstanding||7,263,508||7,263,508|
Michael K. Murtaugh (847) 948-7520
Fax: (847) 405-8140