US bagel franchisor BAB Q2 net income rises on lower operating expenses
US bagel franchisor BAB Q2 net income rises on lower operating expenses
Overview
U.S. bagel and muffin franchisor's Q2 revenue dipped 0.6% yr/yr on lower marketing fund revenue
Q2 net income rose 21% yr/yr as operating expenses declined
Basic EPS for Q2 rose to $0.03 from $0.02 last year
Outlook
Company did not provide specific guidance or outlook for future periods
Result Drivers
MARKETING FUND REVENUE - Co said lower marketing fund expenses led to decreased marketing fund revenue, which had no impact on net income
OPERATING EXPENSES - Co attributed lower operating expenses to decreases in payroll, marketing fund expenses, professional services, and other costs
Company press release: ID:nGNX3ZkL7z
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Basic 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.)