BAB, Inc. Reports a Loss for 1st Quarter FY 2009
BAB, Inc. (OTCBB: BABB), announced its financial results for the first quarter ended February 28, 2009, reporting a net loss of $(2,395,000), or $(0.33) per share, versus net income of $143,000, or $0.02 per share, for the same quarter last year.
The loss was due to an impairment charge for goodwill and other intangibles in the amount of $2,399,000 for the first quarter of 2009. The current general economic conditions have led to the noncash impairment charge for goodwill and other intangibles. There was no such charge in the quarter ended February 29, 2008.
For the quarter ended February 28, 2009, BAB had revenues of $778,000, versus revenues of $971,000 for the quarter ended February 29, 2008.
Total operating expenses were $3,173,000, including the impairment charge of $2,399,000, versus $838,000 for the same period in 2008.
BAB, Inc. operates, franchises, and licenses Big Apple Bagels (R), My Favorite Muffin (R) Jacobs Bros. Bagels (R) and Brewster's (R) Coffee.
Logos, product and company names mentioned are the property of their respective owners.
- Cru Oyster Bar Opening on Nantucket May 2012
- Washington State Liquor Control Board Approves Online Alcohol Server Training Program
- Former Burger King Chief Executive Joins the Board of LEON
- Real Mex Board Accepts Noteholder Bid to Acquire Company’s Assets
- Weakest Links In Food Safety Lie With Food Services And Households
- Tootie Pie Company January Same Store Sales Up 23%
- Panera Bread Company Reports Fourth Quarter and Full Year Fiscal 2011 Diluted EPS of $1.42 and $4.65, Both Before One-Time Charge, Up 17% and 28% Over Fiscal 2010
- Chick-fil-A Achieves Record Annual Sales of $4 Billion
- Benihana Inc. Reports Results for Fiscal Third Quarter 2012
- Buffalo Wild Wings, Inc. Fourth Quarter Revenues Up 34.5%
