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BAB, Inc. Reports Profit for Year-ended 11/30/17

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DEERFIELD, Ill., Feb. 06, 2018 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB:BABB) announced its financial results for its fiscal year ended November 30, 2017, reporting net income of $454,000, or $0.06 per share.

For the year-ended November 30, 2017, BAB, Inc. had revenues of $2,220,000 and net income of $454,000, or $0.06 per share, versus revenues of $2,386,000 and net income of $449,000, or $0.06 per share, for the same period in 2016. 

Total operating expenses for the year ended November 30, 2017, were $1,761,000 versus $1,926,000 for the year ended November 30, 2016. 

BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® and Brewster's® Coffee.  The Company's stock is traded on the OTCQB under the symbol BABB and its web site can be visited at www.babcorp.com.

 (TABLE FOLLOWS)


   
BAB, INC.  
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS  
             
             
  Fiscal Year Ended  
             
    2017       2016     % Change   
REVENUES            
             
Royalty fees from franchised stores $   1,726,976     $   1,744,640     -1.0%  
Franchise and area development fee revenue   50,000       113,000     -55.8%  
Licensing fees and other income   443,917       528,527     -16.0%  
Total Revenue   2,220,893       2,386,167     -6.9%  
             
OPERATING COSTS AND EXPENSES            
             
Selling, general and administrative   1,749,791       1,906,294     -8.2%  
Depreciation and amortization   11,536       20,152     -42.8%  
Total Operating Expense   1,761,327       1,926,446     -8.6%  
             
Income before interest, other and taxes   459,566       459,721     0.0%  
             
Interest expense     -       (1,323 )   -100.0%  
Interest and other income   107       502     -78.7%  
             
Current tax expense   (5,500 )     (9,500 )   -42.1%  
             
Net Income $    454,173     $    449,400     1.1%  
             
Earnings per share - basic and diluted   0.06       0.06        
Average number of shares outstanding   7,263,508       7,263,508        
             


Contact:

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

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