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BAB Nabs Successful Q2

DEERFIELD, IL- BAB Inc., operator and franchiser of Big Apple Bagels, reports an 80% increase in net income during its second quarter.

By Dana Dubriwny | Updated on July 11, 2005

DEERFIELD, IL-BAB Inc., operator and franchiser of Big Apple Bagels, My Favorite Muffin and Brewster’s Coffee, released second quarter earnings ended May 31, 2005. The company reported revenues of $1.44 million, versus $1.43 million for the same quarter last year.

Net income for the quarter increased nearly 80% to $279,700, or 4 cents per share, from $155,500, or 2 cents per share, for the same quarter last year. According to the company, this is the 15th consecutive quarter BAB earned a net profit.

For the six months ended May 31, 2005, BAB had revenues of $2.65 million and net income of $382,700, or 5 cents per share, versus revenues of $2.88 million and net income $212,000, or 3 cents per share for the same period in 2004.

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