BAB, Inc. Reports Results for 1st Quarter FY 2020 - Seite 2

 (TABLE FOLLOWS)

Contact:

BAB, Inc. Michael K. Murtaugh [phone] Fax: [phone] www.babcorp.com

BAB, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
	Fiscal Quarter Ended
	02/29/20				02/28/19				% Change
REVENUES
Royalty fees from franchised stores	$	387,339			$	373,118			3.8	%
Franchise fees		3,650				13,413			-72.8	%
Licensing fees and other income		77,174				96,981			-20.4	%
Marketing fund revenue		227,521				228,788			-0.6	%
Total Revenue		695,684				712,300			-2.3	%
OPERATING COSTS AND EXPENSES
Selling, general and administrative		636,854				610,301			4.4	%
Depreciation and amortization		740				399			85.5	%
Total Operating Expense		637,594				610,700			4.4	%
Income before interest, other and taxes		58,090				101,600			-42.8	%
Interest and other income		104				260			-60.0	%
Income tax expense		(15,000	)			(5,000	)		200.0	%
Net Income	$	43,194			$	96,860			-55.4	%
Earnings per share - basic and diluted	$	0.01			$	0.01
Average number of shares outstanding		7,263,508				7,263,508