BAB, Inc. Quarterly Report: First Quarter Ended February 29, 2012

April 4, 2012

BAB, Inc. (OTCQB: BABB.OB) reported revenues for its fiscal first quarter ended February 29, 2012 fell 21.1% to $568 thousand compared to revenues of $720 thousand for its first quarter in the prior fiscal year.  The company converted its company-owned store to a franchise unit resulting in no company-owned sales from that store during 2012.  The company also saw declines in franchise and area development fee revenue as well as licensing fees.

Net income for the first quarter of fiscal 2012 slid 71.8% to $10 thousand or $0.001 per share versus net income of $35 thousand or $0.005 per share for the first quarter of fiscal 2011.  Net income in 2012 was negatively impacted by the lower revenues noted above which was partially offset by lower operating costs and expenses.

Balance sheet data was not immediately available.

BAB, Inc. is engaged in the franchising and licensing of the bagel, muffin and coffees brands Big Apple Bagels®, My Favorite Muffin®, Jacobs Bros. Bagels®, and Brewster’s® Coffee.

Source: BAB, Inc.


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