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BT Brands Reports Results for the First Quarter Ended April 3, 2022
BT Brands Reports Results for the First Quarter Ended April 3, 2022
WEST FARGO, ND / ACCESSWIRE / May 18, 2022 / BT Brands, Inc. (NASDAQ:BTBD)(NASDAQ:BTBDW), operator of quick-service Burger Time restaurants and its recently acquired Keegan's Seafood Grille and Pie in the Sky Bakery and Coffee businesses, reported financial results for the 13 weeks ended April 3, 2022.
Highlights of the Company's financial results include:
- Total revenues for 2022 increased 6.8% to $2.1 million for the 13 weeks compared to the fiscal 2021period
- Restaurant operating income increased 17.1% to $379,982
- Net income attributable to common shareholders was $42,650 or $.01 per share for the period
- The Company ended the quarter with $11.1 million in cash
- The recent Keegan's Seafood Grille acquisition added to sales and earnings for the quarter
Gary Copperud, the Company's Chief Executive Officer, said, "We faced challenges during the quarter at Burger Time in terms of staffing and winter weather that was less friendly than one year ago. We have made significant progress on our business plan, completing two accretive acquisitions since our IPO. The recent purchases should nearly double our current revenue run-rate." Mr. Copperud added, "we continue to face inflationary pressure, supply chain constraints, and a tight staffing market, which are expected to impact performance for the balance of 2022."
Fiscal 2022 Outlook:
Given the ongoing uncertainty surrounding possible acquisitions in 2022 and the performance of the recent acquisitions, together with the impacts of labor markets and supply chain constraints and the current inflationary environment, the Company is not providing a financial forecast for fiscal 2022.
About BT Brands, Inc.: BT Brands, Inc. (BTBD and BTBDW) owns and operates a fast-food restaurant chain called Burger Time with locations in North and South Dakota and Minnesota. The Company recently acquired Keegan Seafood Grille near Clearwater, Florida area and Pie In the Sky Coffee and Bakery in Woods Hole, Massachusetts. BT Brands is seeking acquisitions within the restaurant industry.
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of federal securities laws. The words "intend," "may," "believe," "will," "should," "anticipate," "expect," "seek," and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, which may cause the Company's actual results to differ materially from results expressed or implied by the forward-looking statements. These risks include such factors as the disruption to our business from the recent pandemic and the impact on our results of operations, financial condition, and the impact of federal, state, and local government actions and customer behavior in response to the pandemic and its aftermath, the impact and duration of staffing constraints at our restaurants, increased competition, cost increases or shortages in raw food products, and other matters discussed under the Risk Factors section of the BT Brands' Annual Report on Form 10-K for the fiscal year ended January 2, 2022, filed with the SEC, and other filings with the SEC. BT Brands disclaims any obligation or duty to update or modify these forward-looking statements.
CONTACT FOR FURTHER INFORMATION:
KENNETH BRIMMER 612-229-8811
SOURCE: BT Brands, Inc.
View source version on accesswire.com:
WEST FARGO, ND / ACCESSWIRE / May 18, 2022 / BT Brands, Inc. (NASDAQ:BTBD)(NASDAQ:BTBDW), operator of quick-service Burger Time restaurants and its recently acquired Keegan's Seafood Grille and Pie in the Sky Bakery and Coffee businesses, reported financial results for the 13 weeks ended April 3, 2022.
新泽西州西法戈/2022年5月18日英国电信品牌公司(纳斯达克:BTBD)(纳斯达克:BTBDW)是汉堡时代快餐餐厅的运营商,最近收购了天空烘焙和咖啡业务的基根海鲜烧烤和派。该公司公布了截至2022年4月3日的13周的财务业绩。
Highlights of the Company's financial results include:
该公司财务业绩的亮点包括:
- Total revenues for 2022 increased 6.8% to $2.1 million for the 13 weeks compared to the fiscal 2021period
- Restaurant operating income increased 17.1% to $379,982
- Net income attributable to common shareholders was $42,650 or $.01 per share for the period
- The Company ended the quarter with $11.1 million in cash
- The recent Keegan's Seafood Grille acquisition added to sales and earnings for the quarter
- 与2021财年相比,2022财年前13周的总收入增长了6.8%,达到210万美元
- 餐厅营业收入增长17.1%,至379,982美元
- 当期普通股股东应占净收益为42,650美元,合每股0.01美元
- 该公司本季度末的现金为1110万美元
- 基根最近对海鲜烧烤的收购增加了该季度的销售额和收益
Gary Copperud, the Company's Chief Executive Officer, said, "We faced challenges during the quarter at Burger Time in terms of staffing and winter weather that was less friendly than one year ago. We have made significant progress on our business plan, completing two accretive acquisitions since our IPO. The recent purchases should nearly double our current revenue run-rate." Mr. Copperud added, "we continue to face inflationary pressure, supply chain constraints, and a tight staffing market, which are expected to impact performance for the balance of 2022."
公司首席执行官加里·科珀鲁德说:“在本季度,我们在汉堡时间面临着人员配备和冬季天气方面的挑战,这些挑战不像一年前那么友好。我们在业务计划上取得了重大进展,自首次公开募股以来完成了两项增值收购。最近的收购应该会使我们目前的收入增长率几乎翻一番。”科珀鲁德补充说,“我们继续面临通胀压力、供应链限制和人力市场紧张,预计这些因素将影响2022年全年的业绩。”
Fiscal 2022 Outlook:
2022财年展望:
Given the ongoing uncertainty surrounding possible acquisitions in 2022 and the performance of the recent acquisitions, together with the impacts of labor markets and supply chain constraints and the current inflationary environment, the Company is not providing a financial forecast for fiscal 2022.
鉴于围绕2022年可能进行的收购的持续不确定性以及最近收购的表现,加上劳动力市场和供应链限制以及当前通胀环境的影响,该公司不提供2022财年的财务预测。
About BT Brands, Inc.: BT Brands, Inc. (BTBD and BTBDW) owns and operates a fast-food restaurant chain called Burger Time with locations in North and South Dakota and Minnesota. The Company recently acquired Keegan Seafood Grille near Clearwater, Florida area and Pie In the Sky Coffee and Bakery in Woods Hole, Massachusetts. BT Brands is seeking acquisitions within the restaurant industry.
关于BT Brands公司:BT Brands,Inc.拥有并经营一家名为Burger Time的快餐连锁店,在北达科他州、南达科他州和明尼苏达州都有分店。该公司最近收购了佛罗里达州克利尔沃特附近的Keegan海鲜烧烤店和马萨诸塞州伍兹霍尔的Pie in the Sky Coffee and Bakery。BT Brands正在餐饮业寻求收购。
Forward-Looking Statements Disclaimer:
前瞻性声明免责声明:
This press release contains forward-looking statements within the meaning of federal securities laws. The words "intend," "may," "believe," "will," "should," "anticipate," "expect," "seek," and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, which may cause the Company's actual results to differ materially from results expressed or implied by the forward-looking statements. These risks include such factors as the disruption to our business from the recent pandemic and the impact on our results of operations, financial condition, and the impact of federal, state, and local government actions and customer behavior in response to the pandemic and its aftermath, the impact and duration of staffing constraints at our restaurants, increased competition, cost increases or shortages in raw food products, and other matters discussed under the Risk Factors section of the BT Brands' Annual Report on Form 10-K for the fiscal year ended January 2, 2022, filed with the SEC, and other filings with the SEC. BT Brands disclaims any obligation or duty to update or modify these forward-looking statements.
本新闻稿包含符合联邦证券法的前瞻性陈述。“打算”、“可能”、“相信”、“将”、“应该”、“预期”、“期望”、“寻求”以及类似的表达方式旨在识别前瞻性陈述。这些陈述涉及已知和未知的风险,可能导致公司的实际结果与前瞻性陈述中明示或暗示的结果大不相同。这些风险包括:最近的大流行对我们业务的中断及对我们运营结果的影响、财务状况、联邦、州及地方政府针对疫情及其后果采取的行动和客户行为的影响、我们餐厅员工短缺的影响和持续时间、竞争加剧、成本增加或生食品短缺,以及在提交给美国证券交易委员会的截至2022年1月2日的10-K表格财政年度报告、以及其他提交给美国证券交易委员会的文件中在风险因素部分讨论的其他事项。BT Brands不承担更新或修改这些前瞻性陈述的任何义务或义务。
CONTACT FOR FURTHER INFORMATION:
KENNETH BRIMMER 612-229-8811
有关更多信息,请联系:
肯尼斯·布里默电话:612-229-8811
SOURCE: BT Brands, Inc.
资料来源:英国电信品牌公司
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