BAB, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended May 31, 2023
July 06, 2023 at 12:00 pm EDT
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BAB, Inc. reported earnings results for the second quarter and six months ended May 31, 2023. For the second quarter, the company reported revenue was USD 0.8644 million compared to USD 0.824432 million a year ago. Net income was USD 0.126528 million compared to USD 0.093916 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago.
For the six months, revenue was USD 1.61 million compared to USD 1.56 million a year ago. Net income was USD 0.161848 million compared to USD 0.156806 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.02 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. 
