Business
BT Brands Reports Record Third-quarter 2025 Profit of $0.15 per Share
BT Brands Reports Record Third-quarter 2025 Profit of $0.15 per Share.
About this update from Bagger Dave's Burger Tavern, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n BT Brands Reports Record Third-quarter 2025 Profit of $0.15 per Share\r\n \r\n \r\n\r\n\r\nBT Brands Reports Record Third-quarter 2025 Profit of $0.15 per Share\r\n\r\n\r\n\r\n\r\n\r\n MINNETONKA, Minn.--(BUSINESS WIRE)--\r\nBT Brands, Inc. (Nasdaq: BTBD; BTBDW) today announced its results for the thirteen weeks ended September 28, 2025, reporting record earnings per share of $.15 for the third quarter and earnings of $.10 per share for the nine-month period. Significantly, cash and short-term investments increased by $1.2 million from the second quarter’s level.\r\n\r\n\r\n \r\nBT Brands currently operates fourteen restaurant locations, including its 40.7% ownership interest in Bagger Dave’s Burger Tavern, which operates five casual dining restaurants across Michigan, Ohio, and Indiana (OTC: BDVB). Operations include:\r\n\r\n\r\n \r\n \r\nSix Burger Time fast-food restaurants located in the North Central United States\r\n\r\n\r\n \r\nBagger Dave’s Burger Tavern (40.7% owned affiliate)\r\n\r\n\r\n \r\nKeegan’s Seafood Grille in Indian Rocks Beach, Florida\r\n\r\n\r\n \r\nPie In The Sky Coffee and Bakery in Woods Hole, Massachusetts\r\n\r\n\r\n \r\nSchnitzel Haus, a German-themed dining restaurant in Hobe Sound, Florida\r\n\r\n\r\n \r\n \r\nThird Quarter 2025 Highlights\r\n\r\n\r\n \r\n \r\nNet income of $914,975, or $0.15 per share, compared to a net loss of $219,000 in Q3 2024\r\n\r\n\r\n \r\nRevenue of $3.9 million, versus $4.3 million in the prior year, primarily reflecting two fewer operating locations\r\n\r\n\r\n \r\nOperating income of $735,000, including a $242,000 gain on asset sales, compared to a loss of $75,000 in Q3 2024\r\n\r\n\r\n \r\nRestaurant-level adjusted EBITDA (a non-GAAP measurement) increased 74%, rising to $823,000 from $472,000 in Q3 2024\r\n\r\n\r\n \r\nEquity method loss from Bagger Dave’s was $100,000, an improvement from $116,000 in the prior-year quarter\r\n\r\n\r\n \r\nCash and short-term investments totaled $4.7 million, up from $3.5 million at the end of Q2 2025\r\n\r\n\r\n \r\n \r\nProposed Business Combination with Aero Velocity, Inc.\r\n\r\n\r\n \r\nOn September 2, 2025, BT Brands entered into a definitive Merger Agreement with Aero Velocity, Inc. (\"Aero\"), an emerging leader in drone services. Under the terms of the agreement:\r\n\r\n\r\...