BT Brands Reports Results for the Third Quarter Ended October 3, 2021
BT Brands Reports Results for the Third Quarter Ended October 3, 2021
WEST FARGO, ND / ACCESSWIRE / November 17, 2021 / BT Brands, Inc. (NASDAQ:BTBD)(NASDAQ:BTBDW), operator of fast-casual restaurants including Burger Time, in its first report since its successful public equity offering last week today reported financial results for the fiscal third quarter ended October 3, 2021.
新澤西州西法戈/ACCESSWIRE/2021年11月17日包括漢堡時間在內的快餐休閒餐廳運營商BT Brands,Inc.(納斯達克股票代碼:BTBD)今天公佈了截至2021年10月3日的第三財季財務業績,這是該公司自上週成功公開募股以來的第一份報告。
Key highlights of the Company's financial results include:
該公司財務業績的主要亮點包括:
- Earnings per share for the 39 weeks ended October 3, 2021, were $.14 per share compared to $.20 per share for the prior-year period which included approximately $460,000 attributable to forgiveness of Payroll Protection Program loans. Third-quarter earnings were $.06 per share, the same as in the prior year period.
- Cash on hand at the end of the quarter was in excess of $2 million and following closing on the Company's November 12, public offering increased to more than $12 million.
- Total restaurant sales restaurants for the current 39-week period were $6.6 million an increase of $530,000 over the prior year period.
- Total same-store sales are up 8.7% for the 39-week period over the prior year.
- Net income was $236,000 for the quarter compared to $254,000 in the same quarter last year.
- 截至2021年10月3日的39周,每股收益為0.14美元,而去年同期為每股0.20美元,其中包括約46萬美元可歸因於免除工資保護計劃貸款。第三季度每股收益為0.06美元,與去年同期持平。
- 截至本季度末,手頭現金超過200萬美元,在該公司11月12日上市結束後,公開發行股票增加到超過1200萬美元。
- 本39週期間餐廳總銷售額為660萬美元,比去年同期增加53萬美元。
- 在39周的時間裏,同店總銷售額比去年同期增長了8.7%。
- 該季度的淨收入為23.6萬美元,而去年同期為24.4萬美元。
Gary Copperud, the Company's Chief Executive Officer, said, "We are excited to have completed our recent public offering. The offering proceeds combined with continued strong performance at our Burger Time locations leave us well-positioned to pursue our plan of growing through acquisitions in the restaurant industry." Mr. Copperud added, "As with most restaurant companies, we have seen cost pressures, both in commodities and in the labor market. We expect those pressures to continue through the balance of this fiscal year and into 2022. We expect to be able to manage commodity cost increases through targeted menu price adjustments; however, we believe that overall labor costs will continue to be pressured."
該公司首席執行官加里·科珀魯德説:“我們很高興完成了最近的公開募股。募集的資金加上我們漢堡時間店的持續強勁表現,使我們處於有利地位,可以通過收購餐飲業來實現增長的計劃。”科珀魯德補充説,“就像大多數餐飲公司一樣,我們看到了大宗商品和勞動力市場的成本壓力。我們預計這些壓力將持續到本財年剩餘時間和2022年。我們預計能夠通過有針對性的菜單價格調整來控制大宗商品成本的上漲;不過,我們認為總體勞動力成本將繼續受到壓力。”
Conference Call: Management will host a conference call to discuss its third quarter 2021 financial results on Thursday, November 18, at 3:30 p.m. CT/4:30 p.m. ET. Hosting the call will be Kenneth Brimmer, its COO, and Chief Financial Officer.
電話會議:管理層將於11月18日(星期四)下午3:30主持電話會議,討論2021年第三季度的財務業績。CT/下午4:30Et.主持電話會議的將是該公司首席運營官肯尼斯·布里默(Kenneth Brimmer)和首席財務官。
The conference call can be accessed live over the phone by dialing and requesting the BT Brands Restaurants (BTBD) call.
撥打併要求撥打BT Brands Restaurants(BTBD)電話,即可通過電話現場收聽電話會議。
Webcast URL:
https://www.webcaster4.com/Webcast/Page/2818/43795
網絡直播URL:Https://www.webcaster4.com/Webcast/Page/2818/43795
About BT Brands Restaurants Inc.
關於BT Brands餐飲公司
BT Brands, Inc. (BTBD) owns and operates fast-food restaurants called Burger Time. Following its recent public offering, the Company intends to seek acquisitions within the restaurant industry. The Company also operates one unit in Minnesota as a franchisee of International Dairy Queen. The Company operates three Burger Time locations in Minnesota, four in North Dakota, and two in South Dakota. For additional information, visit www.itsburgertime.com.
英國電信品牌公司(BT Brands,Inc.)擁有並經營着一家名為漢堡時間(Burger Time)的快餐店。在最近的公開募股之後,該公司打算在餐飲業內尋求收購。該公司還作為國際乳業皇后的特許經營商在明尼蘇達州經營着一家分店。該公司在明尼蘇達州經營三個漢堡時間分店,在北達科他州經營四個分店,在南達科他州經營兩個分店。欲瞭解更多信息,請訪問www.itsburgertime.com。
Forward-Looking Statements Disclaimer:
前瞻性聲明免責聲明:
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 novel coronavirus (COVID-19) pandemic and the impact of the pandemic on our results of operations, financial condition, and prospects which may vary depending on the duration and extent of the pandemic and the impact of federal, state and local government actions and customer behavior in response to the pandemic, the impact and duration of staffing constraints at our restaurants, the uncertain nature of current restaurant development plans and the ability to implement those plans and integrate new restaurants, delays in developing and opening new restaurants because of weather, local permitting or other reasons, 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 3, 2021, 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.
本新聞稿包含符合聯邦證券法的前瞻性陳述。“打算”、“可能”、“相信”、“將”、“應該”、“預期”、“期望”、“尋求”以及類似的表達方式旨在識別前瞻性陳述。這些陳述涉及已知和未知風險,可能導致公司的實際結果與前瞻性陳述明示或暗示的結果大不相同。這些風險包括:新型新冠肺炎(CoronaVirus)大流行對我們業務的幹擾,以及大流行對我們的運營結果、財務狀況和前景的影響,這些因素可能會有所不同,具體取決於大流行的持續時間和程度,以及聯邦、州和地方政府針對大流行採取的行動和客户行為的影響,我們餐廳員工限制的影響和持續時間,當前餐廳發展計劃的不確定性以及實施這些計劃和整合新餐廳的能力,由於天氣、當地許可或其他原因而導致的新餐廳開發和開業延誤。以及在提交給美國證券交易委員會的BT品牌截至2021年1月3日的財年10-K表格年度報告中的風險因素部分討論的其他事項,以及提交給美國證券交易委員會的其他文件中討論的其他事項。BT Brands沒有義務或義務更新或修改這些前瞻性陳述。
1 Sales store sales are a metric used in evaluating the performance of established restaurants and are a commonly used metrics in the restaurant industry. Same-store sales for our brands are calculated using all units open for at least 18 full fiscal months and using the comparable operating weeks from the prior year to the current year's quarter's operating weeks.
1銷售額、門店銷售額是用來評估老字號餐廳業績的指標,也是餐飲業常用的指標。我們品牌的同店銷售額是使用開業至少18個完整會計月的所有部門以及從上一年到本年度本季度運營周的可比運營周來計算的。
BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (Unaudited) | |||||||||||||||
39 Weeks Ended, | 13 Weeks Ended, | ||||||||||||||
October 3,
2021
|
September 27,
2020
|
October 3,
2021
|
September 27,
2020
|
||||||||||||
SALES |
$ | 6,604,554 | $ | 6,074,222 | $ | 2,280,999 | $ | 2,374,454 | |||||||
COSTS AND EXPENSES |
|||||||||||||||
Restaurant operating expenses |
|||||||||||||||
Food and paper costs |
2,580,224 | 2,299,989 | 944,171 | 863,997 | |||||||||||
Labor costs |
1,794,499 | 1,718,703 | 607,780 | 624,696 | |||||||||||
Occupancy costs |
436,196 | 504,142 | 132,542 | 170,109 | |||||||||||
Other operating expenses |
355,024 | 313,101 | 102,943 | 121,827 | |||||||||||
Depreciation and amortization |
173,799 | 140,588 | 60,405 | 49,668 | |||||||||||
Impairment of assets held for sale |
- | 100,000 | - | - | |||||||||||
General and administrative |
295,397 | 371,455 | 74,415 | 188,292 | |||||||||||
Total costs and expenses |
5,635,139 | 5,447,978 | 1,922,256 | 2,018,589 | |||||||||||
Income from operations |
969,415 | 626,244 | 358,743 | 355,865 | |||||||||||
INTEREST EXPENSE |
(161,148 | ) | (136,347 | ) | (32,916 | ) | (45,188 | ) | |||||||
INTEREST INCOME |
- | 92,707 | - | 28,507 | |||||||||||
OTHER INCOME |
- | 466,758 | - | - | |||||||||||
INCOME BEFORE TAXES |
808,267 | 1,049,362 | 325,827 | 339,184 | |||||||||||
PROVISION FOR INCOME TAXES |
(225,000 | ) | (234,000 | ) | (90,000 | ) | (85,000 | ) | |||||||
NET INCOME |
$ | 583,267 | $ | 815,362 | $ | 235,827 | $ | 254,184 | |||||||
NET INCOME PER COMMON SHARE - |
|||||||||||||||
Basic and Diluted |
$ | 0.14 | $ | 0.20 | $ | 0.06 | $ | 0.06 |
BT Brands,Inc.和子公司 合併損益表 (未經審計) | |||||||||||||||
39周過去了, | 13周過去了, | ||||||||||||||
10月3日,
2021
|
9月27日,
2020
|
10月3日,
2021
|
9月27日,
2020
|
||||||||||||
銷貨 |
$ | 6,604,554 | $ | 6,074,222 | $ | 2,280,999 | $ | 2,374,454 | |||||||
成本和開支 |
|||||||||||||||
餐廳經營費用 |
|||||||||||||||
食品和紙張成本 |
2,580,224 | 2,299,989 | 944,171 | 863,997 | |||||||||||
人工成本 |
1,794,499 | 1,718,703 | 607,780 | 624,696 | |||||||||||
入住費 |
436,196 | 504,142 | 132,542 | 170,109 | |||||||||||
其他運營費用 |
355,024 | 313,101 | 102,943 | 121,827 | |||||||||||
折舊及攤銷 |
173,799 | 140,588 | 60,405 | 49,668 | |||||||||||
持有待售資產的減值 |
- | 100,000 | - | - | |||||||||||
一般事務和行政事務 |
295,397 | 371,455 | 74,415 | 188,292 | |||||||||||
總成本和費用 |
5,635,139 | 5,447,978 | 1,922,256 | 2,018,589 | |||||||||||
營業收入 |
969,415 | 626,244 | 358,743 | 355,865 | |||||||||||
利息支出 |
(161,148 | ) | (136,347 | ) | (32,916 | ) | (45,188 | ) | |||||||
利息收入 |
- | 92,707 | - | 28,507 | |||||||||||
其他收入 |
- | 466,758 | - | - | |||||||||||
税前收入 |
808,267 | 1,049,362 | 325,827 | 339,184 | |||||||||||
所得税撥備 |
(225,000 | ) | (234,000 | ) | (90,000 | ) | (85,000 | ) | |||||||
淨收入 |
$ | 583,267 | $ | 815,362 | $ | 235,827 | $ | 254,184 | |||||||
每股普通股淨收入- |
|||||||||||||||
基本型和稀釋型 |
$ | 0.14 | $ | 0.20 | $ | 0.06 | $ | 0.06 |
BT BRANDS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS | |||||||
October 3,
2021
|
January 3,
2021
|
||||||
(Unaudited) | |||||||
ASSETS |
|||||||
CURRENT ASSETS |
|||||||
Cash |
$ | 2,078,812 | $ | 1,321,244 | |||
Receivables |
31,751 | 19,030 | |||||
Inventory |
69,443 | 60,576 | |||||
Prepaid expenses and other current assets |
66,366 | 5,348 | |||||
Total current assets |
2,246,372 | 1,406,198 | |||||
PROPERTY AND EQUIPMENT, net |
1,546,038 | 1,632,457 | |||||
LAND AND BUILDINGS HELD FOR SALE |
258,751 | 258,751 | |||||
INVESTMENT IN RELATED COMPANY |
75,000 | 75,000 | |||||
OTHER ASSETS, net |
15,200 | 16,759 | |||||
Total assets |
$ | 4,141,361 | $ | 3,389,165 | |||
LIABILITIES AND SHAREHOLDERS' DEFICIT |
|||||||
CURRENT LIABILITIES |
|||||||
Current maturities of long-term debt |
$ | 178,611 | $ | 245,306 | |||
Accounts payable |
419,007 | 270,487 | |||||
Accrued expenses |
304,598 | 420,734 | |||||
Income taxes payable |
177,088 | 97,978 | |||||
Total current liabilities |
1,079,304 | 1,034,505 | |||||
LONG-TERM DEBT, less current maturities |
3,005,113 | 2,938,983 | |||||
DEFERRED INCOME TAXES |
176,000 | 118,000 | |||||
Total liabilities |
4,260,417 | 4,091,488 | |||||
COMMITMENTS AND CONTINGENCIES |
|||||||
SHAREHOLDERS' DEFICIT |
|||||||
Preferred stock, $.001 par value, 2,000,000 shares authorized, no shares outstanding at October 3, 2021 and January 3, 2021 |
- | - | |||||
Common stock, $.002 par value, 50,000,000 authorized, 4,047,506 shares outstanding at October 3, 2021 and January 3, 2021 |
8,095 | 8,095 | |||||
Additional paid-in capital |
497,671 | 497,671 | |||||
Accumulated deficit |
(624,822 | ) | (1,208,089 | ) | |||
Total shareholders' deficit |
(119,056 | ) | (702,323 | ) | |||
Total liabilities and shareholders' deficit |
$ | 4,141,361 | $ | 3,389,165 |
BT Brands,Inc.和子公司 綜合資產負債表 | |||||||
10月3日,
2021
|
1月3日,
2021
|
||||||
(未經審計) | |||||||
資產 |
|||||||
流動資產 |
|||||||
現金 |
$ | 2,078,812 | $ | 1,321,244 | |||
應收賬款 |
31,751 | 19,030 | |||||
庫存 |
69,443 | 60,576 | |||||
預付費用和其他流動資產 |
66,366 | 5,348 | |||||
流動資產總額 |
2,246,372 | 1,406,198 | |||||
財產和設備,淨值 |
1,546,038 | 1,632,457 | |||||
持有待售土地及建築物 |
258,751 | 258,751 | |||||
對關聯公司的投資 |
75,000 | 75,000 | |||||
其他資產,淨額 |
15,200 | 16,759 | |||||
總資產 |
$ | 4,141,361 | $ | 3,389,165 | |||
負債和股東赤字 |
|||||||
流動負債 |
|||||||
長期債務的當期到期日 |
$ | 178,611 | $ | 245,306 | |||
應付帳款 |
419,007 | 270,487 | |||||
應計費用 |
304,598 | 420,734 | |||||
應付所得税 |
177,088 | 97,978 | |||||
流動負債總額 |
1,079,304 | 1,034,505 | |||||
長期債務,較少的當前到期日 |
3,005,113 | 2,938,983 | |||||
遞延所得税 |
176,000 | 118,000 | |||||
總負債 |
4,260,417 | 4,091,488 | |||||
承諾和或有事項 |
|||||||
股東虧損 |
|||||||
優先股,面值0.001美元,授權2,000,000股,2021年10月3日和2021年1月3日無流通股 |
- | - | |||||
普通股,面值0.002美元,授權5,000萬股,2021年10月3日和2021年1月3日已發行的4,047,506股 |
8,095 | 8,095 | |||||
額外實收資本 |
497,671 | 497,671 | |||||
累計赤字 |
(624,822 | ) | (1,208,089 | ) | |||
股東赤字總額 |
(119,056 | ) | (702,323 | ) | |||
總負債和股東赤字 |
$ | 4,141,361 | $ | 3,389,165 |
CONTACT FOR FURTHER INFORMATION:
KENNETH BRIMMER
612-229-8811
kbrimmer@itsburgertime.com
有關更多信息,請聯繫:肯尼斯·布里默612-229-8811郵箱:kbrimmer@itsburgertime.com
SOURCE: BT Brands, Inc.
資料來源:BT Brands,Inc.
譯文內容由第三人軟體翻譯。