Welcome to our dedicated page for Bab news (Ticker: BABB), a resource for investors and traders seeking the latest updates and insights on Bab stock.
Bab Inc (BABB) maintains this dedicated news hub for investors and stakeholders tracking developments in the fast casual dining franchisor. Our curated collection provides immediate access to all material announcements, including official press releases, regulatory filings, and strategic updates.
This resource centralizes critical information about operational milestones, leadership changes, and financial performance. Users will find comprehensive coverage of earnings reports, franchise expansion details, and product innovation announcements – all essential for understanding the company's market position.
Content is organized to highlight key business aspects: quarterly financial disclosures, partnership developments, operational improvements, and brand initiatives. Each update is presented with context about its significance within the competitive restaurant franchising landscape.
Bookmark this page for streamlined access to Bab Inc's evolving story. Combine regular checks with our news alerts to stay informed about this low-cost producer's progress in the dynamic fast casual dining sector.
BAB, Inc. (OTCQB: BABB) reported its first-quarter financial results for the period ending February 28, 2023. The company achieved revenues of $746,000, marking a 1.0% increase from $738,000 in the same quarter of the previous year. However, net income decreased by 43.8% to $35,000, or $0.00 per share, down from $63,000 or $0.01 per share last year. Total operating expenses rose to $696,000 compared to $650,000 in the prior year, largely due to a holiday bonus increasing payroll expenses by $36,000. Additionally, the company set aside $14,000 for income tax, a decrease from $26,000 the previous year.
BAB, Inc. (OTCQB: BABB) announced a quarterly distribution of $0.01 per share, payable on April 19, 2023, to shareholders of record as of March 30, 2023. A portion of this distribution may be treated as a return of capital, while the remainder could be viewed as a dividend, depending on the company's earnings for the fiscal year ending November 30, 2023. The final classification will be communicated through a tax information return in early 2024. BAB, Inc. franchises popular brands like Big Apple Bagels and Brewster’s coffee.
BAB, Inc. (OTCQB: BABB) reported its fiscal year 2022 financial results, revealing a net income of $432,000, or $0.06 per share, a decline from the previous year's net income of $651,000, or $0.09 per share. Revenues increased to $3,287,000, a 7% rise from $3,072,000 in 2021. Operating income improved to $608,000, up 12.2%, despite total operating expenses rising to $2,679,000 from $2,530,000, largely driven by increased marketing expenses. The tax provision rose to $176,000 from $119,000, influenced by prior year non-taxable income related to a PPP loan forgiveness.
BAB, Inc. (OTCQB: BABB) announced a quarterly and special distribution of $0.01 per share, payable on January 11, 2023, for shareholders of record as of December 22, 2022. The company suggests that part of this distribution may be classified as a return of capital for tax purposes, while the remainder may be deemed a dividend. The exact dividend portion will be determined in January 2024, depending on the company’s fiscal year earnings ending November 30, 2023.
