Bab, Inc. Announces Consolidated Financial Results for the Third Quarter and First Nine Months Ended August 31, 2018
October 03, 2018 at 03:26 pm
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BAB, Inc. announced consolidated financial results for the third quarter and first nine months ended August 31, 2018. For the quarter, the company had revenues of $556,000 and net income of $172,555, or $0.02 per basic and diluted share, versus revenues of $563,827 and net income of $132,073, or $0.02 per basic and diluted share, for the same quarter last year. Income from operations was $172,538 compared to $132,049 for the same period a year ago.
For the first nine months, the company had revenues of $1,617,000 and net income of $450,925, or $0.06 per basic and diluted share, versus revenues of $1,664,425 and net income of $320,714, or $0.04 per basic and diluted share for the same period in 2016. Income from operations was $465,871
compared to $320,714 for the same period a year ago.
BAB, Inc. franchises and licenses bagel and muffin retail units under the BAB, MFM and SweetDuet (SD) trade names. The Company has approximately 63 franchise units and four licensed units in operation in 20 states. The BAB franchised brand consists of units operating as Big Apple Bagels, featuring daily baked bagels, flavored cream cheeses, premium coffees, gourmet bagel sandwiches and other related products. BAB units are concentrated in the Midwest and Western United States. The MFM brand consists of units operating as My Favorite Muffin Gourmet Muffin Bakery (MFM Bakery), featuring a variety of freshly baked muffins and coffees and units operating as My Favorite Muffin Your All Day Bakery Cafe, featuring these products and a variety of specialty bagel sandwiches and related products. The SweetDuet is a branded self-serve frozen yogurt that can be added as an additional brand in a BAB location. Its subsidiaries include BAB Systems, Inc., BAB Operations, Inc. and BAB Investments, Inc.
BAB, INC. 
