Company: BTBDW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006037
Chunk: 24

Company: BT Brands, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 the impact of strategic closures contributed to improved margins. ·The Company plans to continue leveraging seasonal strength, cost reductions, and targeted sales initiatives for future growth.

Results of Operations for the Thirteen Weeks Ended June 29, 2025, and the Thirteen Weeks Ended June 30, 2024

Summary

The Company’s focus on operational efficiencies, disciplined expense management, and strategic closures of underperforming locations has resulted in improved margins and improved results despite lower sales volumes. Continued cost management and leveraging seasonal strengths are expected to be a central focus of management in future quarters. For the thirteen weeks ending June 29, 2025, net sales were $3.78 million, a decrease of $330,949 or 8.1% compared to $4.11 million for the same period in 2024. The decline reflects the closing of the Village Bier Garten and the Ham Lake Burger Time location in the first quarter of 2025. Total costs and expenses decreased to $3.85 million from $4.30 million in the prior year. The loss from operations narrowed significantly to $75,121, compared to a loss of $188,543 in 2024. After including investment gains, interest, and equity losses, the Company recorded net income of $55,031, a significant improvement compared to a net loss of $69,952 in the same period of 2024. 

 19Table of Contents

The following table sets forth our Condensed Statements of Operations and percentages of total sales for the thirteen-week fiscal periods. The percentages below may not reconcile because of rounding.

  13 weeks ended,June 29, 2025  13 weeks ended,June 30, 2024   Amount  %  Amount  % SALES $3,779,690   100.0% $4,110,639   100.0%COSTS AND EXPENSES                Restaurant operating expenses                Food and paper costs  1,249,220   33.1   1,565,070   38.1 Labor costs  1,374,603   36.4   1,551,762   37.7 Occupancy costs  302,021   8.0   344,356   8.4 Other operating expenses  253,185   6.7   211,838   5