For the quarter ended
Total operating expenses for the quarter ended
Certain statements in this press release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “forecast,” “estimate,” “project,” “intend,” “expect,” “should,” “would,” “believe” and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the company’s actual results, performance (financial or operating), or achievements to differ from the future results, performance (financial or operating), or achievements expressed or implied by such forward-looking statements. The above factors are more fully discussed in the company’s
(TABLE FOLLOWS)
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS | |||||||||||
Fiscal Quarter Ended | |||||||||||
% Change | |||||||||||
REVENUES | |||||||||||
Royalty fees from franchised stores | $ | 442,608 | $ | 414,221 | 6.9 | % | |||||
Franchise fees | 4,347 | 8,977 | -51.6 | % | |||||||
Licensing fees and other income | 60,320 | 70,343 | -14.2 | % | |||||||
Marketing fund revenue | 238,318 | 244,735 | -2.6 | % | |||||||
Total Revenue | 745,593 | 738,276 | 1.0 | % | |||||||
OPERATING COSTS AND EXPENSES | |||||||||||
Selling, general and administrative | 695,271 | 648,398 | 7.2 | % | |||||||
Depreciation and amortization | 923 | 1,310 | -29.5 | % | |||||||
Total Operating Expense | 696,194 | 649,708 | 7.2 | % | |||||||
Income before interest, other and taxes | 49,399 | 88,568 | -44.2 | % | |||||||
Interest income | 121 | 71 | 70.4 | % | |||||||
Income tax expense | (14,200 | ) | (25,750 | ) | -44.9 | % | |||||
Net Income | $ | 35,320 | $ | 62,889 | -43.8 | % | |||||
Earnings per share - basic and diluted | $ | 0.00 | $ | 0.01 | |||||||
Average number of shares outstanding | 7,263,508 | 7,263,508 | |||||||||
Contact:
Fax: (847) 405-8140
www.babcorp.com
Source:
2023 GlobeNewswire, Inc., source