Overview

• U.S. bagel and muffin franchisor's Q2 revenue dipped 0.6% yr/yr on lower marketing fund revenue

• Q2 net income rose 21% yr/yr as operating expenses declined

• Basic EPS for Q2 rose to $0.03 from $0.02 last year

Outlook

• Company did not provide specific guidance or outlook for future periods

Result Drivers

• MARKETING FUND REVENUE - Co said lower marketing fund expenses led to decreased marketing fund revenue, which had no impact on net income

• OPERATING EXPENSES - Co attributed lower operating expenses to decreases in payroll, marketing fund expenses, professional services, and other costs

Company press release: ID:nGNX3ZkL7z

Key Details

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