Message #11 From:
NewsBot Date: October 4, 2006 05:00:00 AM
BABB News BAB, Inc. Reports Profit for 3rd Quarter 2006
DEERFIELD, Ill.--(BUSINESS WIRE)--BAB, Inc. (OTCBB: BABB), operator and franchisor of Big Apple
Bagels, My Favorite Muffin and Brewster’s
Coffee, today announced the financial results for its third quarter
ended August 31, 2006, reporting net income of $236,500.
For the quarter ended August 31, 2006, BAB had revenues of $945,000 and
net income of $236,500, or $0.03 per share, versus revenues of
$1,265,600 and net income of $147,600, or $0.02 per share, for the same
quarter last year.
For the nine months ended August 31, 2006, BAB had revenues of
$2,969,700 and net income of $635,400, or $0.09 per share, versus
revenues of $3,913,900 and net income of $530,300, or $0.07 per share
for the same period in 2005. For the nine months ended August 31, 2006,
total expenses, excluding interest, were $2,345,300, or 79.0% of
revenues, versus $3,355,800, or 85.7% in 2005. Interest expense was
$23,700 for this nine month period in 2006 versus $34,400 in 2005.
BAB, Inc. operates, franchises, and licenses Big Apple Bagels ®,
My Favorite Muffin ® and Brewster’s
® Coffee. The Company’s
stock is traded on the OTCBB under the symbol BABB and its web site 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.
