bab inc (BABB) Key Developments
BAB, Inc. Announces Consolidated Financial Results for the First Quarter Ended February 28, 2014
Apr 7 14
BAB, Inc. announced consolidated financial results for the first quarter ended February 28, 2014. For the quarter, the company reported revenues of $537,000 and net income of $31,000, or $0.004 per basic and diluted share, versus revenues of $535,000 and a net loss of $65,000, or $0.009 per basic and diluted share, for the quarter ended February 28, 2013. Income before interest, other and taxes was $32,225 against loss before interest, other and taxes of $64,181 a year ago.
BAB, Inc. Declares Quarterly Cash Distribution, Payable on April 14, 2014
Mar 12 14
BAB, Inc. announced that its Board of Directors has declared a quarterly cash distribution of one cent ($0.01) per share, payable on April 14, 2014 to shareholders of record as of March 28, 2014.
BAB, Inc. Announces Executive Changes
Mar 4 14
On February 28, 2014, Jeffrey M. Gorden resigned as Chief Financial Officer and Treasurer of BAB, Inc. Mr. Gorden has accepted a position with another company and his resignation from the company will be effective March 21, 2014. Gorden is leaving for another opportunity and has no disputes or issues with company management or Sassetti LLC, the independent registered public accounting firm for the Company. On March 1, 2014, the Company appointed its Controller, Ms. Geraldine Conn, as Chief Financial Officer and Treasurer, effective March 21, 2014. She has 12 years of experience with the Company, including as Controller of BAB, Inc. since 2008, and she has over 25 years of financial leadership experience.
BAB, Inc. Announces Consolidated Earnings Results for the Fiscal Year Ended November 30, 2013
Feb 19 14
BAB, Inc. announced consolidated earnings results for the fiscal year ended November 30, 2013. For the year, the company reported total revenues of $2,450,194, income before interest, other and taxes of $385,331 and net income of $350,533, or $0.05 per basic and diluted share, compared to total revenues of $2,674,822, income before interest, other and taxes of $438,566, and net income of $419,080, or $0.06 per basic and diluted share for the same period in 2012.
BAB Inc. Opens My Favorite Muffin
Jan 27 14
BAB Inc. announced the January 23 opening of its newest My Favorite Muffin, Your All Day Bakery Cafe(R), located at 6517 Kitten Lake Drive in Midland, Georgia. My Favorite Muffin(R) has amassed loyal customers nationwide for its unique cake-like muffins, made fresh from a proprietary formula that allows the operator hundreds of different muffin varieties from which to fill their case every day. The menu at the cozy and comfortable bakery cafe also includes freshly baked bagels, house-made cream cheese spreads, a broad assortment of breakfast and lunch sandwiches, Brewster's(R) specialty coffee and espresso, and also features a catering program and muffin gift baskets for any occasion.