BAB, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended August 31, 2023
October 05, 2023 at 01:29 pm EDT
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BAB, Inc. reported earnings results for the third quarter and nine months ended August 31, 2023. For the third quarter, the company reported revenue was USD 0.936651 million compared to USD 0.882289 million a year ago. Net income was USD 0.167758 million compared to USD 0.164355 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
For the nine months, revenue was USD 2.55 million compared to USD 2.45 million a year ago. Net income was USD 0.329606 million compared to USD 0.321161 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.04 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. 
