10-K - BT Brands, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

BT Brands delivered revenue of $13.5M with operating income of -$364.6K, reflecting margin improvement from location closures and Pie In the Sky gains amid reduced customer traffic, though non-operating factors drove net loss to -$687.8K.

Key Takeaways

1Revenue totaled $13.5M, impacted by decline in comparable restaurant sales from reduced customer traffic partially offset by modest menu price increases.

2Operating income was -$364.6K, or -2.7% margin, benefiting from closure of less-profitable locations and improved margins at Pie In the Sky.

3Net income was -$687.8K with diluted EPS of -$0.11, as non-operating items offset core operational progress.

4Operating cash flow generated $285K, yielding $112K free cash flow after $173K capital expenditures primarily for restaurant needs.

5Cash generation supports near-term operational requirements, with primary uses including operating expenses, capex, debt service, and strategic investments.

6Competitive environment and economic conditions continue to influence sales trends through consumer demand and pricing sensitivity.

Key Financial Metrics

EPS

$-0.11

Revenue

$13.5M

Net Income

-$687.8K

free cash flow

$112.0K

Operating Income

-$364.6K

operating margin

-2.7%