BAGL news.....................
CHICAGO--(BUSINESS WIRE)--Feb. 16, 1999--BAB Holdings, Inc.
(Nasdaq: BAGL), the Chicago-based operator of Big Apple Bagels, My Favorite Muffin, and Brewster's Coffee concept stores, reported earnings of $.06 per share for the year ending November 30, 1998, compared to a loss of $.55 per share for the year ended November 30, 1997, as strategic initiatives implemented last year produced the planned results.
"The integration of the My Favorite Muffin brand has benefits that reach beyond the traditional store environment. We anticipate
revenues from the sales of gift baskets through BAB's new web-site
will be a major element of future growth," said Evans. "We are
currently preparing our new commissary to accommodate the
opportunities available to develop this new mode of our gift
business." Evans continued, "In addition, we are looking forward to
further development within our international franchise system, which
was launched in 1998 with the opening of three stores in Lima, Peru.
We expect to see increased benefits from global development in 1999." |
