Bab, Inc. Reports Earnings Results for the Third Quarter Ended August 31, 2020
October 06, 2020 at 06:47 pm
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BAB, Inc. announced earnings results for the third quarter ended August 31, 2020. For the third quarter, the company announced total revenue was USD 624,420 compared to USD 793,239 a year ago. Operating income was USD 103,520 compared to USD 154,358 a year ago. Net income was USD 103,611 compared to USD 149,476 a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago. For the nine months, total revenue was USD 1.671 million compared to USD 2.279 million a year ago. Operating income was USD 89,953 compared to USD 388,971 a year ago. Net income was USD 75,246 compared to USD 374,473 a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.05 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. 
