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BT Brands, Inc. - BTBD STOCK NEWS

Welcome to our dedicated page for BT Brands news (Ticker: BTBD), a resource for investors and traders seeking the latest updates and insights on BT Brands stock.

BT Brands, Inc. (Symbol: BTBD) is a diversified fast-food company renowned for operating and owning the well-loved Burger Time restaurant chain. With a robust presence in the fast-food industry, the company has expanded its operations into Minnesota as a franchisee of Dairy Queen. BT Brands Inc. offers a delectable menu featuring a variety of burgers, chicken sandwiches, pulled pork sandwiches, chicken chunks, side dishes, and refreshing soft drinks, all at affordable prices.

The company's core business revolves around delivering high-quality, budget-friendly food options to its customers while ensuring prompt service and a satisfying dining experience. Burger Time locations are strategically positioned to maximize customer reach and convenience, fostering a loyal customer base.

BT Brands Inc. is continually exploring new opportunities to enhance its market presence and diversify its product offerings. The company's recent projects and collaborations aim to further strengthen its brand and ensure sustainable growth. Financially, BT Brands Inc. maintains a stable footing, with steady revenue streams from its restaurant operations and franchise agreements.

By staying attuned to market trends and consumer preferences, BT Brands Inc. strives to innovate its menu and service delivery, ensuring it remains a competitive player in the fast-food industry.

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Noble Roman’s faces potential defeat in upcoming shareholder vote. Noble Roman’s attempts to exclude BT Brands’ nominee from the ballot. BT Brands owns 9% of Noble Roman’s shares. BT Brands reviewing legal options and likely to challenge Noble Roman’s move.
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BT Brands, Inc. (NASDAQ: BTBD, BTBDW) reported a 49% increase in total revenues for the fiscal year ending January 1, 2023, reaching $12.6 million. However, operating income declined to a loss of $391,164, compared to a profit of $980,712 in 2021. The net loss attributable to common shareholders was $562,285, equating to a loss of $0.09 per share. Restaurant-level Adjusted EBITDA rose to $1,691,703, up from $1,631,530. The company's cash and short-term investments stood at $8.1 million at year-end. BT Brands faced challenges with staffing and inflation, affecting sales and store hours. Despite acquiring three restaurants, there are uncertainties surrounding their performance and impacts of the current economic climate, leading the company to refrain from providing a financial forecast for fiscal 2023.

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For the fiscal third quarter ended October 2, 2022, BTBD reported a 76.4% increase in revenue, reaching $4.0 million compared to $2.3 million in 2021, largely due to contributions from recently acquired businesses. However, same-store sales for Burger Time fell by 14.0%, impacted by staffing challenges, leading to limited operational hours. The year-to-date net loss was $224,531, down from a net income of $583,267 in the previous year. Due to inflation, staffing issues, and uncertainties related to acquisitions, the company is withholding its financial forecast for fiscal 2022.

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BT Brands reported a 47.9% increase in total revenues to $3.5 million for Q2 2022, and a 29.5% increase to $5.6 million year-to-date. Key developments include the acquisition of Pie in the Sky Coffee and Bakery in a tourist-driven area and a 41.2% stake in Bagger Dave's. However, same-store sales at Burger Time declined by 12.4% for the quarter. The company ended with $8.3 million in cash but posted a net loss of $49,625 for the quarter, raising concerns over inflationary pressures and uncertain future forecasts.

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BT Brands, Inc. (Nasdaq: BTBD, BTBDW) announced the acquisition of the Village Bier Garten in Cocoa, Florida, for $690,000. The German-themed casual restaurant features authentic food and drinks, enhancing BT Brands' presence in Florida. CEO Gary Copperud emphasized that this investment is expected to generate positive cash flow, aligning with the company's strategy of expanding through acquisitions in the restaurant sector. BT Brands operates Burger Time locations across North and South Dakota and Minnesota, and recently acquired Keegan's Seafood Grille and Pie in the Sky Bakery.

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BT Brands, Inc. (NASDAQ: BTBD and BTBDW) announced the acquisition of 41.4% of Bagger Dave's Burger Tavern for $1,260,000, translating to approximately $0.114 per share. This acquisition includes 11,095,085 common shares previously held by founder Michael Ansley, who has also resigned from the board. The deal enhances BT Brands' presence in the casual dining market, as Bagger Dave's operates six remaining locations, previously having 26. CEO Gary Copperud expressed confidence in this investment as it aligns with BT Brands’ expansion strategy and offers financial stability with $1.9 million in cash reserves.

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BT Brands, Inc. (NASDAQ:BTBD, BTBDW) reported a 6.8% increase in total revenues to $2.1 million for the 13 weeks ended April 3, 2022. Restaurant operating income rose 17.1% to $379,982, with a net income of $42,650 or $0.01 per share. The quarter ended with $11.1 million in cash, aided by the recent acquisitions of Keegan's Seafood Grille and Pie in the Sky Bakery. CEO Gary Copperud acknowledged challenges from staffing and inflationary pressures, leading to no financial forecast being provided for fiscal 2022.

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FAQ

What is the current stock price of BT Brands (BTBD)?

The current stock price of BT Brands (BTBD) is $1.43 as of December 20, 2024.

What is the market cap of BT Brands (BTBD)?

The market cap of BT Brands (BTBD) is approximately 8.9M.

What is BT Brands, Inc.?

BT Brands, Inc. is a fast-food company that owns and operates the Burger Time restaurant chain and is a franchisee of Dairy Queen in Minnesota.

What type of food does BT Brands, Inc. offer?

BT Brands, Inc. offers a variety of burgers, chicken sandwiches, pulled pork sandwiches, chicken chunks, side dishes, and soft drinks.

Where does BT Brands, Inc. operate?

BT Brands, Inc. operates Burger Time restaurants and has a franchise agreement with Dairy Queen in Minnesota.

What is the stock symbol for BT Brands, Inc.?

The stock symbol for BT Brands, Inc. is BTBD.

How does BT Brands, Inc. ensure food quality?

BT Brands, Inc. focuses on delivering high-quality, budget-friendly food options with prompt service to ensure a satisfying dining experience.

What are the recent achievements of BT Brands, Inc.?

BT Brands, Inc. continues to explore new opportunities and collaborations to enhance its market presence and diversify its product offerings.

How does BT Brands, Inc. maintain financial stability?

BT Brands, Inc. maintains financial stability through steady revenue streams from its restaurant operations and franchise agreements.

What is the core business focus of BT Brands, Inc.?

The core business focus of BT Brands, Inc. is to deliver high-quality, affordably priced fast-food options and ensure a satisfying customer experience.

What makes BT Brands, Inc. unique in the fast-food industry?

BT Brands, Inc. stands out for its commitment to quality, affordability, and customer satisfaction, along with its strategic expansion and innovation efforts.

How can I stay updated on BT Brands, Inc. news?

You can stay updated on BT Brands, Inc. by following the latest news and developments related to their performance and projects on financial news websites.

BT Brands, Inc.

Nasdaq:BTBD

BTBD Rankings

BTBD Stock Data

8.92M
3.21M
53.58%
0.81%
0.38%
Restaurants
Retail-eating Places
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United States of America
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