Market Overview

BAB, Inc. Reports Profit for Year-ended 11/30/18

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DEERFIELD, Ill., Feb. 06, 2019 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB:BABB) announced its financial results for its fiscal year ended November 30, 2018, reporting net income of $508,000, or $0.07 per share.

For the year-ended November 30, 2018, BAB, Inc. had revenues of $2,173,000 and net income of $508,000, or $0.07 per share, versus revenues of $2,221,000 and net income of $454,000, or $0.06 per share, for the same period in 2017. 

Total operating expenses for the year ended November 30, 2018, were $1,636,000 versus $1,761,000 for the year ended November 30, 2017. 

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.

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Contact:

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


BAB, INC.  
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS  
             
             
  Fiscal Year Ended  
             
   2018     2017    % Change  
REVENUES            
             
Royalty fees from franchised stores $   1,665,016     $   1,726,976     -3.6 %  
Franchise and area development fee revenue   34,500       50,000     -31.0 %  
Licensing fees and other income   473,815       443,917     6.7 %  
Total Revenue   2,173,331       2,220,893     -2.1 %  
             
OPERATING COSTS AND EXPENSES            
             
Selling, general and administrative   1,634,405       1,749,791     -6.6 %  
Depreciation and amortization   1,210       11,536     -89.5 %  
Total Operating Expense   1,635,615       1,761,327     -7.1 %  
             
Income before interest, other and taxes   537,716       459,566     17.0 %  
             
Interest and other income   159       107     48.6 %  
             
Current tax expense   (30,000 )     (5,500 )   445.5 %  
             
Net Income $    507,875     $    454,173     11.8 %  
             
Earnings per share - basic and diluted   0.07       0.06        
Average number of shares outstanding   7,263,508       7,263,508        
             

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