BAB INC - BABB STOCK NEWS

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.

BAB, Inc. (OTCQB: BABB) reported its Q3 2022 financial results with revenues of $882,000 and net income of $164,000, maintaining earnings of $0.02 per share. This marks a revenue increase from $789,000 and net income of $133,000 in Q3 2021. For the first nine months, revenues rose to $2,445,000 compared to $2,260,000 last year, but net income declined to $321,000 from $553,000. Rising operating expenses, particularly payroll and marketing costs, have affected profitability.

BAB, Inc. (OTCQB: BABB) announced a quarterly distribution of $0.01 per share, payable on October 20, 2022, to shareholders of record as of September 28, 2022. This distribution may have components treated as both a return of capital and a dividend, with final classifications determined in January 2023 based on the company's earnings for the fiscal year ending November 30, 2022.

The company franchises brands including Big Apple Bagels and My Favorite Muffin.

BAB, Inc. (OTCQB: BABB) reported Q2 2022 financial results with revenues of $824,000 and a net income of $94,000, up from $749,000 and $87,000 in Q2 2021. For the first half of 2022, revenues reached $1,563,000 and net income was $157,000, compared to $1,472,000 and $420,000 in H1 2021. This drop in net income was attributed to prior non-taxable loan forgiveness of $228,155 in 2021. Operating expenses increased to $692,000 for Q2 2022, primarily due to higher payroll and marketing expenses.