Bagel franchisor BAB's Q3 net income rises 36% on lower overhead costs
Bagel franchisor BAB's Q3 net income rises 36% on lower overhead costs
Overview
US bagel and muffin franchisor's Q3 revenue rose 18% yr/yr, driven by marketing fund revenue
Q3 net income grew 36% yr/yr, with EPS at $0.03
Increase in marketing fund revenue offset by matching expenses, with no net income impact
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
ROYALTY FEES - Modest increase in royalty fee revenue contributed to revenue growth
LICENSING FEES - Higher licensing fees and other income provided a small boost to revenue
LOWER SG&A COSTS - Decrease in selling, general and administrative expenses supported net income growth
Company press release: ID:nGNX8vvlCk
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| $0.03 |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)