X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DEERFIELD, IL-BAB Inc., operator and franchiser of Big Apple Bagels, My Favorite Muffin and Brewster’s Coffee, released second quarter earnings ended May 31, 2005. The company reported revenues of $1.44 million, versus $1.43 million for the same quarter last year.

Net income for the quarter increased nearly 80% to $279,700, or 4 cents per share, from $155,500, or 2 cents per share, for the same quarter last year. According to the company, this is the 15th consecutive quarter BAB earned a net profit.

For the six months ended May 31, 2005, BAB had revenues of $2.65 million and net income of $382,700, or 5 cents per share, versus revenues of $2.88 million and net income $212,000, or 3 cents per share for the same period in 2004.

Total operating costs for the quarter ended May 31, 2005, were $1.16 million or 80% of revenues, versus $1.27 million, or 88.4% in 2004. Year-to-date total operating costs were $2.25 million or 84.8% of revenues, versus $2.63 million or 91.3% in 2004.

The company also continues to improve its balance sheet. From May 31, 2004 to May 31, 2005, cash increased $90,200 even though the company paid cash dividends of $713,500 and also paid $208,500 to reduce debt. At the close of Monday’s trading day, BAB stocks increased 15.22% to $1.06 per share.

BAB Inc. operates, franchises, and licenses Big Apple Bagels, My Favorite Muffin Brewster’s Coffee and Jacobs Bros. Bagels. Franchised stores are usually between 1,600 sf and 1,900 sf, and can cost from $204,800 to $342,500.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.