BAB, Inc. Reports Year-ended 11/30/24 Results
BAB, Inc. (OTCQB: BABB) reported financial results for fiscal year 2024, showing improved performance across key metrics. Net income increased to $525,000 ($0.07 per share) from $467,000 ($0.06 per share) in 2023. Total revenues grew to $3,545,000, up from $3,510,000 in the previous year.
Income from operations rose to $665,000, an 8.1% increase from 2023's $615,000. Total operating expenses decreased to $2,880,000 from $2,895,000, primarily due to reduced Marketing Fund expenses ($67,000), occupancy costs ($13,000), and advertising expenses ($10,000). These savings were partially offset by increases in payroll expenses ($48,000) and professional service fees ($19,000).
The company, which franchises Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster's® Coffee, saw significant growth in franchise and area development fee revenue (106.2%) and licensing fees (8.1%).
BAB, Inc. (OTCQB: BABB) ha riportato i risultati finanziari per l'anno fiscale 2024, mostrando un miglioramento delle performance in metriche chiave. L'utile netto è aumentato a 525.000 dollari (0,07 dollari per azione) rispetto ai 467.000 dollari (0,06 dollari per azione) del 2023. I ricavi totali sono cresciuti a 3.545.000 dollari, in aumento rispetto ai 3.510.000 dollari dell'anno precedente.
Il reddito operativo è salito a 665.000 dollari, con un incremento dell'8,1% rispetto ai 615.000 dollari del 2023. Le spese operative totali sono diminuite a 2.880.000 dollari dai 2.895.000 dollari, principalmente a causa della riduzione delle spese per il Fondo Marketing (67.000 dollari), dei costi di occupazione (13.000 dollari) e delle spese pubblicitarie (10.000 dollari). Questi risparmi sono stati parzialmente compensati da aumenti nelle spese per il personale (48.000 dollari) e nelle spese per servizi professionali (19.000 dollari).
L'azienda, che franchisa Big Apple Bagels®, My Favorite Muffin®, SweetDuet® e Brewster's® Coffee, ha registrato una crescita significativa nei ricavi da commissioni di franchising e sviluppo area (106,2%) e nelle commissioni di licenza (8,1%).
BAB, Inc. (OTCQB: BABB) informó los resultados financieros para el año fiscal 2024, mostrando un mejor rendimiento en métricas clave. La utilidad neta aumentó a 525,000 dólares (0.07 dólares por acción) desde 467,000 dólares (0.06 dólares por acción) en 2023. Los ingresos totales crecieron a 3,545,000 dólares, en comparación con 3,510,000 dólares del año anterior.
Los ingresos por operaciones aumentaron a 665,000 dólares, un incremento del 8.1% respecto a los 615,000 dólares de 2023. Los gastos operativos totales disminuyeron a 2,880,000 dólares desde 2,895,000 dólares, principalmente debido a la reducción de los gastos del Fondo de Marketing (67,000 dólares), costos de ocupación (13,000 dólares) y gastos publicitarios (10,000 dólares). Estos ahorros fueron parcialmente compensados por aumentos en los gastos de nómina (48,000 dólares) y tarifas por servicios profesionales (19,000 dólares).
La empresa, que franquicia Big Apple Bagels®, My Favorite Muffin®, SweetDuet® y Brewster's® Coffee, vio un crecimiento significativo en los ingresos por comisiones de franquicia y desarrollo de área (106.2%) y tarifas de licencia (8.1%).
BAB, Inc. (OTCQB: BABB)는 2024 회계 연도의 재무 결과를 발표하며 주요 지표에서 개선된 성과를 보여주었습니다. 순이익은 525,000 달러 (주당 0.07 달러)로 증가했으며, 이는 2023년의 467,000 달러 (주당 0.06 달러)에서 증가한 수치입니다. 총 수익은 3,545,000 달러로, 전년도 3,510,000 달러에서 증가했습니다.
영업 소득은 665,000 달러로 증가했으며, 이는 2023년의 615,000 달러에 비해 8.1% 증가한 것입니다. 총 영업 비용은 2,880,000 달러로 감소했으며, 이는 2,895,000 달러에서 줄어든 수치로, 주로 마케팅 기금 비용(67,000 달러), 임대료(13,000 달러) 및 광고 비용(10,000 달러)의 감소 덕분입니다. 이러한 절감액은 인건비(48,000 달러)와 전문 서비스 수수료(19,000 달러)의 증가로 부분적으로 상쇄되었습니다.
Big Apple Bagels®, My Favorite Muffin®, SweetDuet® 및 Brewster's® Coffee의 프랜차이즈를 운영하는 이 회사는 프랜차이즈 및 지역 개발 수수료 수익(106.2%)과 라이센스 수수료(8.1%)에서 상당한 성장을 보았습니다.
BAB, Inc. (OTCQB: BABB) a annoncé ses résultats financiers pour l'exercice 2024, montrant une amélioration des performances dans des indicateurs clés. Le bénéfice net a augmenté à 525 000 dollars (0,07 dollar par action) contre 467 000 dollars (0,06 dollar par action) en 2023. Le chiffre d'affaires total a progressé à 3 545 000 dollars, contre 3 510 000 dollars l'année précédente.
Le revenu d'exploitation a augmenté à 665 000 dollars, soit une hausse de 8,1 % par rapport à 615 000 dollars en 2023. Les dépenses d'exploitation totales ont diminué à 2 880 000 dollars contre 2 895 000 dollars, principalement en raison de la réduction des dépenses du fonds marketing (67 000 dollars), des coûts d'occupation (13 000 dollars) et des dépenses publicitaires (10 000 dollars). Ces économies ont été partiellement compensées par des augmentations des dépenses de personnel (48 000 dollars) et des frais de services professionnels (19 000 dollars).
L'entreprise, qui franchise Big Apple Bagels®, My Favorite Muffin®, SweetDuet® et Brewster's® Coffee, a connu une croissance significative des revenus provenant des frais de franchise et de développement de zone (106,2 %) et des frais de licence (8,1 %).
BAB, Inc. (OTCQB: BABB) berichtete über die finanziellen Ergebnisse für das Geschäftsjahr 2024 und zeigte eine verbesserte Leistung in wichtigen Kennzahlen. Der Nettogewinn stieg auf 525.000 Dollar (0,07 Dollar pro Aktie) im Vergleich zu 467.000 Dollar (0,06 Dollar pro Aktie) im Jahr 2023. Die Gesamterträge wuchsen auf 3.545.000 Dollar, ein Anstieg von 3.510.000 Dollar im Vorjahr.
Der Betriebsgewinn stieg auf 665.000 Dollar, was einem Anstieg von 8,1 % gegenüber 615.000 Dollar im Jahr 2023 entspricht. Die gesamten Betriebskosten sanken auf 2.880.000 Dollar von 2.895.000 Dollar, hauptsächlich aufgrund von reduzierten Marketingfonds-Ausgaben (67.000 Dollar), Mietkosten (13.000 Dollar) und Werbeausgaben (10.000 Dollar). Diese Einsparungen wurden teilweise durch Erhöhungen der Löhne (48.000 Dollar) und der Honorare für professionelle Dienstleistungen (19.000 Dollar) ausgeglichen.
Das Unternehmen, das Big Apple Bagels®, My Favorite Muffin®, SweetDuet® und Brewster's® Coffee franchisiert, verzeichnete ein signifikantes Wachstum bei den Franchise- und Gebietsentwicklungsgebühren (106,2 %) sowie bei den Lizenzgebühren (8,1 %).
- Net income increased 12.4% to $525,000
- Earnings per share improved from $0.06 to $0.07
- Operating income grew 8.1% to $665,000
- Total operating expenses decreased by $15,000
- Franchise and area development fee revenue increased 106.2%
- Licensing fees grew 8.1%
- Marketing Fund revenue declined 5.4%
- Selling, general and administrative expenses increased 3.1%
- Tax provision increased 12.7% to $206,200
DEERFIELD, Ill., Feb. 18, 2025 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB) announced its financial results for its fiscal year-ended November 30, 2024, reporting net income of
Income from operations for fiscal 2024 is
Total operating expenses for the year ended November 30, 2024, were
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.
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| Contact: | BAB, Inc. |
| Michael K. Murtaugh (847) 948-7520 | |
| Fax: (847) 405-8140 | |
| www.babcorp.com |
| BAB, INC. | |||||||||||
| CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS | |||||||||||
| Fiscal Year Ended | |||||||||||
| 2024 | 2023 | % Change | |||||||||
| REVENUES | |||||||||||
| Royalty fees from franchised stores | $ | 1,994,814 | $ | 1,944,894 | 2.6 | % | |||||
| Franchise and area development fee revenue | 55,673 | 26,999 | 106.2 | % | |||||||
| Licensing fees and other income | 317,992 | 294,062 | 8.1 | % | |||||||
| Marketing Fund revenue | 1,176,663 | 1,243,890 | -5.4 | % | |||||||
| Total Revenue | 3,545,142 | 3,509,845 | 1.0 | % | |||||||
| OPERATING COSTS AND EXPENSES | |||||||||||
| Selling, general and administrative | 1,699,062 | 1,647,375 | 3.1 | % | |||||||
| Depreciation and amortization | 4,123 | 3,807 | 8.3 | % | |||||||
| Marketing Fund expenses | 1,176,663 | 1,243,890 | -5.4 | % | |||||||
| Total Operating Expense | 2,879,848 | 2,895,072 | -0.5 | % | |||||||
| Income before interest, other and taxes | 665,294 | 614,773 | 8.2 | % | |||||||
| Interest income | 66,106 | 35,548 | 86.0 | % | |||||||
| Income before provision for income taxes | 731,400 | 650,321 | 12.5 | % | |||||||
| Current tax expense | (198,361 | ) | (155,407 | ) | 27.6 | % | |||||
| Deferred tax expense | (7,839 | ) | (27,593 | ) | -71.6 | % | |||||
| Total Tax Provision | (206,200 | ) | (183,000 | ) | 12.7 | % | |||||
| Net Income | $ | 525,200 | $ | 467,321 | 12.4 | % | |||||
| Earnings per share - basic and diluted | 0.07 | 0.06 | |||||||||
| Average number of shares outstanding | 7,263,508 | 7,263,508 | |||||||||
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