BAB, Inc. Reports Profit for Year-ended 11/30/17

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.

(TABLE FOLLOWS)


BAB, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
Fiscal Year Ended
2017 2016 % Change
REVENUES
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%
Total Revenue 2,220,893 2,386,167 -6.9%
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 expense - (1,323) -100.0%
Interest and other income 107 502 -78.7%
Current tax expense (5,500) (9,500) -42.1%
Net Income$ 454,173 $ 449,400 1.1%
Earnings per share - basic and diluted 0.06 0.06
Average number of shares outstanding 7,263,508 7,263,508


Contact:

BAB, Inc.
Michael K. Murtaugh (847) 948-7520
Fax: (847) 405-8140
www.babcorp.com

Source:BAB, Inc.