US bagel franchisor BAB quarterly net income rises 21% on lower expenses
BABB•No forward guidance provided
BAB did not give specific guidance or an outlook for future periods.
Lower costs drove the earnings increase
The company said reduced operating expenses reflected declines in payroll, marketing fund expenses, professional services, and other costs. BAB also said lower marketing fund expenses led to reduced marketing fund revenue, but that had no impact on net income.
Quarterly revenue edged lower, but profit improved
U.S. bagel and muffin franchisor BAB said second-quarter revenue fell 0.6% year over year as marketing fund revenue declined. Net income rose 21% from a year earlier, helped by lower operating expenses. Basic EPS increased to $0.03 from $0.02 last year.
