BAB INC - BABB STOCK NEWS

BAB, Inc. (OTCQB: BABB) reported its financial results for the third quarter ended August 31, 2024. The company saw revenues of $872,000 and net income of $160,000, or $0.02 per share earnings, compared to revenues of $937,000 and net income of $168,000 for the same quarter last year. For the nine months ended August 31, 2024, revenues were $2,591,000 with a net income of $405,000, or $0.06 per share, versus revenues of $2,547,000 and net income of $330,000 for the same period in 2023.

While royalty revenue increased, franchise fee revenue, license fee and other income, and marketing fund revenue decreased in Q3 2024 compared to Q3 2023. Total operating expenses for Q3 2024 were $667,000, down from $718,000 in 2023, primarily due to decreases in marketing fund expenses, occupancy, advertising, and travel costs, offset by slight increases in payroll, professional services, and employee benefits.

BAB, Inc. (OTCQB: BABB) has announced a quarterly cash distribution of $0.01 per share, payable on October 11, 2024, to shareholders of record as of September 23, 2024. The company notes that for tax purposes, a portion of this distribution and future 2024 distributions may be treated as a return of capital, while the remainder may be considered a dividend. The exact dividend portion will be determined in January 2025, based on the company's fiscal year 2024 earnings ending November 30, 2024. Shareholders will receive tax information returns in early 2025.

BAB, Inc. operates in the food franchise industry, managing brands such as Big Apple Bagels, My Favorite Muffin, SweetDuet, and Brewster's coffee.

BAB announced its Q2 FY 2024 financial results, reporting revenue of $883,000 and net income of $146,000 ($0.02 per share), compared to $864,000 in revenue and $127,000 in net income ($0.02 per share) in Q2 FY 2023. The six-month period ending May 31, 2024, saw revenues of $1,719,000 and net income of $244,000 ($0.03 per share), versus $1,610,000 in revenue and $162,000 in net income ($0.02 per share) for the same period in 2023. Royalty, marketing fund, and franchise fee revenues increased by $41,000, but license fee and other revenues decreased by $22,000. Total operating expenses for Q2 FY 2024 were $696,000, a slight increase from $693,000 in the same quarter last year. The six-month period saw operating expenses rise to $1,410,000 from $1,390,000, primarily due to a $41,000 increase in marketing expenses, offset by a $21,000 decrease in general and administrative expenses.

BAB announced a quarterly cash distribution of $0.01 per share, payable on July 12, 2024, to shareholders recorded by June 24, 2024. The distribution might partly be a return of capital, taxable based on shareholder’s basis, with the remainder as a dividend. The exact dividend portion will be determined by January 2025, based on the company’s earnings for its fiscal year ending November 30, 2024. BAB franchises Big Apple Bagels, My Favorite Muffin, SweetDuet, and Brewster’s coffee. The company trades on the OTCQB under the ticker BABB.

BAB, Inc. (BABB) reported positive financial results for Q1 2024 with increased revenues and net income compared to the same period last year. Operating expenses and Marketing Fund expenses also saw an uptick. The company franchises popular brands like Big Apple Bagels, My Favorite Muffin, SweetDuet frozen yogurt, and Brewster's Coffee.

BAB, Inc. (BABB) declares a quarterly distribution of $0.01 per share, with potential tax implications for shareholders. The company franchises popular food brands and trades on the OTCQB under the symbol BABB.

BAB, Inc. (BABB) reported fiscal year-end 2023 financial results with net income of $467,000 and revenues of $3,510,000. The company's income from operations increased to $615,000, with a slight rise in total revenue by 6.8%. Operating expenses grew primarily due to increased Marketing Fund expenses and other costs. BAB, Inc. franchises and licenses various brands and trades on the OTCQB under the symbol BABB.

BAB, Inc. (OTCQB: BABB) has declared a quarterly distribution of one cent ($0.01) per share and a special distribution of one cent ($.01) per share, payable on January 16, 2024 to shareholders of record as of December 27, 2023. The Company's stock is traded on the OTCQB under the symbol BABB. BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster’s® coffee.

BAB, Inc. announces Q3 2023 financial results with revenues of $937,000 and net income of $168,000.