Atlanta, GA 7/6/12 (StreetBeat) -- BAB, Inc. (OTCBB:BABB), announced its financial results for the second quarter ended May 31, 2012.For the quarter ended May 31, 2012, BAB had revenues of $826,000 and net income of $267,000, or $0.04 per share, versus revenues of $793,000 and net income of $144,000, or $0.02 per share, for the same quarter last year. The Company received $172,000 of franchise settlement revenue of which $171,000 was from a single settlement in the quarter ended May 31, 2012 versus $12,000 in 2011. The Company had no company-owned store sales for the quarter ended May 31, 2012 versus $106,000 for the quarter ended May 31, 2011.
For the six months ended May 31, 2012, BAB had revenues of $1,393,000 and net income of $277,000, or $0.04 per share, versus revenues of $1,512,000 and net income of $179,000, or $0.02 per share for the same period in 2011. The Company received $173,000 for settlement fees in the six months ended May 31, 2012 versus $26,000 of such revenues in 2011. The Company had no company-owned store sales for the six months ended May 31, 2012 versus $200,000 for the six months ended May 31, 2011.
Total operating expenses for the quarter ended May 31, 2012, were $543,000, 65.7% of net sales, versus $648,000, 81.7% of net sales, in 2011. There were no company-owned store expenses in the quarter ended May 31, 2012 versus $102,000 in quarter ended May 31, 2011. Total operating expenses for the six months ended May 31, 2012 were $1,099,000, 78.9% of net sales, versus $1,331,000, 88.0% of net sales, for six months ended May 31, 2011. There were no company-owned store expenses in the six months ended May 31, 2012 versus $202,000 for the six months ended May 31, 2011.
BAB, Inc. operates, franchises, and licenses Big Apple Bagels®, My Favorite Muffin® SweetDuet Frozen Yogurt & Gourmet Muffins™, Jacobs Bros. Bagels® and Brewster’s ® Coffee. The Company’s stock is traded on the OTCBB under the symbol BABB and its web site can be visited atwww.babcorp.com.
Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.
StreetBeat Disclaimer
No comments:
Post a Comment