BAB, Inc. Reports Positive Financial Results for Q3 2023

Deerfield-based company BAB, Inc. (OTCQB:BABB) has recently released its financial results for the third quarter ended August 31, 2023. The company reported positive figures, showcasing growth and stability in its operations.

During the third quarter of 2023, BAB, Inc. generated revenues of $937,000, representing an increase compared to the same period last year when revenues stood at $882,000. Net income for the quarter reached $168,000, or $0.02 per share earnings, compared to $164,000, or $0.02 per share, in the previous year. This demonstrates the company’s ability to maintain profitability and deliver value to its shareholders.

The increase in royalty revenue and marketing fund revenue contributed to the overall growth in revenues for the third quarter of 2023. However, franchise fee revenue and license fee and other income experienced a decrease compared to the same quarter in 2022.

For the nine months ended August 31, 2023, BAB, Inc. reported revenues of $2,547,000 and net income of $330,000, or $0.05 per share. This represents a positive trend compared to the same period in 2022, where revenues were $2,445,000 and net income was $321,000, or $0.04 per share.

Total operating expenses for the quarter ended August 31, 2023, were $718,000, reflecting an increase compared to the previous year. The rise in operating expenses was primarily driven by higher marketing fund expenses, professional fees, payroll and payroll-related expenses, and travel costs. However, franchise development expenses decreased during the same period.

For the nine months ended August 31, 2023, total operating expenses amounted to $2,107,000, with an increase in marketing expenses, payroll and payroll-related expenses, professional fees, travel expenses, annual meeting expenses, and general expenses. However, franchise development expenses decreased compared to the same period in 2022.

BAB, Inc. is known for its franchises and licenses of popular brands such as Big Apple Bagels®, My Favorite Muffin®, SweetDuet® frozen yogurt, and Brewster’s® Coffee. The company’s stock is traded on the OTCQB under the symbol BABB.

With its positive financial results, BAB, Inc. continues to demonstrate its commitment to delivering quality products and services to its customers. The company’s ability to adapt and grow in a competitive market showcases its strength and potential for future success.

For more information about BAB, Inc. and its brands, please visit their website at www.babcorp.com.