Bt brands, inc. reports results for the second quarter ending july 3, 2022

West fargo, nd / accesswire / august 16, 2022 / bt brands, inc. (nasdaq:btbd)(nasdaq:btbdw), operator of burger time, keegan's seafood grille, and pie in the sky coffee and bakery, today reported financial results for the fiscal second quarter ended july 3, 2022. key highlights of the company's financial results include: total revenues increased 47.9% to $3.5 million for the quarter compared to the prior year's quarter and increased 29.5% to $5.6 million year-to-date compared to the previous year period completed acquisition of pie in the sky coffee and bakery located in woods hole, massachusetts entering the dynamic retail coffee and breakfast market with a major tourist-driven location the company ended the quarter with $8.3 million in cash on hand acquired 41.2% of bagger dave's burger tavern, inc. operator of six bagger dave's restaurants same store sales for company-owned burger time restaurants decreased 12.4% for the quarter compared to the prior year quarter and declined 10.5% year-to-date compared to the prior year period net loss was $49,625 for the quarter, and the net loss was $92,275 year-to-date gary copperud, the company's chief executive officer, said, "our results this quarter reflect the positive contribution of our recent acquisitions offset by a decline in revenues at burger time as dining activities returned to more closely resemble the pre-pandemic.
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