Market Overview

BAB, Inc. Reports Profit for 3rd Quarter FY 2017

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DEERFIELD, Ill., Oct. 05, 2017 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB:BABB), announced its financial results for the third quarter ended August 31, 2017.

For the quarter ended August 31, 2017, BAB had revenues of $564,000 and net income of $132,000, or $0.02 per share, versus revenues of $616,000 and net income of $165,000, or $0.02 per share, for the same quarter last year. 

For the nine months ended August 31, 2017, BAB had revenues of $1,664,000 and net income of $321,000, or $0.04 per share, versus revenues of $1,761,000 and net income of $386,000, or $0.05 per share for the same period in 2016. 

Total operating expenses for the quarter ended August 31, 2017, were $432,000, versus $451,000, in 2016.  Total operating expenses for the nine months ended August 31, 2017 were $1,344,000 versus $1,375,000 for the nine months ended August 31, 2016. 

BAB, Inc. franchises and licenses 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 and its website can be visited at www.babcorp.com.

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 SEC filings.

Contact:

BAB, Inc.
Michael K. Murtaugh (847) 948-7520
Fax: (847) 405-8140
www.babcorp.com

BAB, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                         
                                 
    Quarter Ended   Nine Months Ended
    08/31/17   08/31/16   % Change   08/31/17   08/31/16   % Change
               
REVENUES              
               
Royalty fees from franchised stores   $ 446,778   $ 441,949     1.1 %   $ 1,295,021   $ 1,298,562     -0.3 %
Franchise and area development fee revenue     10,000     60,000     -83.3 %     50,000     78,000     -35.9 %
Licensing fees and other income     107,049     114,181     -6.2 %     319,404     384,885     -17.0 %
Total Revenue     563,827     616,130     -8.5 %     1,664,425     1,761,447     -5.5 %
                         
OPERATING COSTS AND EXPENSES                        
                         
Selling, general and administrative     431,161     445,412     -3.2 %     1,332,716     1,359,475     -2.0 %
Depreciation and amortization     617     5,167     -88.1 %     10,995     15,183     -27.6 %
Total Expense     431,778     450,579     -4.2 %     1,343,711     1,374,658     -2.3 %
                         
Income from operations     132,049     165,551     -20.2 %     320,714     386,789     -17.1 %
Interest expense       -     (396 )   -100.0 %       -     (1,190 )   -100.0 %
Interest/other income     24     90     -73.3 %     87     423     -79.4 %
Income taxes       -       -     N/M       -       -     N/M
                         
NET INCOME   $ 132,073   $ 165,245
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