Company: BTBDW
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001477932-25-008407
Chunk: 53

Company: BT Brands, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 2
Chunk 53
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 in 2024. This non-GAAP metric reflects a significant improvement in controllable restaurant-level profitability, driven by better labor and cost controls, selective menu price increases, and efficiency improvements across operating units.

  39 Weeks Ended,  13 Weeks Ended,    September 28, 2025  September 29, 2024  September 28, 2025  September 29, 2024 Revenues $10,864,445  $11,649,610  $3,853,682  $4,348,824 Reconciliation:                Income (loss) from operations  367,725   (894,383 )  735,042   (75,011 )Depreciation and amortization  452,130   473,420   151,010   141,527 (Gain) loss on sale of assets  (242,231 )  30,205   (242,231 )  30,205 General and administrative, corporate-level expenses  1,160,480   1,284,871   178,839   375,451 Restaurant-level EBITDA  $1,738,104  $894,113  $822,660  $472,172 Restaurant-level EBITDA margin   16.0%  7.7%  21.3%  10.9%

Restaurant-level EBITDA for both the 13-week and the 39-week periods ended September 28, 2025, showed significant improvement over the prior year. This non-GAAP metric reflects stronger operational performance and improved cost controls, demonstrating continued progress in the Company’s core restaurant operations. Restaurant-level EBITDA for the 39 weeks ended September 28, 2025, was $1,738,104. 

Summary

During the thirty-nine weeks of fiscal 2025, the Company has made significant strides in reducing expenses through closing unprofitable locations, effective cost management and operational efficiencies. Although sales declined due to the closure of underperforming locations, profitability metrics have improved markedly. Continued cost discipline and sales initiatives will remain a focus for the remainder of the year. Our focus on operational efficiencies, disciplined expense management, and strategic closures of underperforming locations has resulted in significantly improved Store EBITDA margins. Continued cost management and leveraging seasonal strengths will be a