BT Brands, Inc. 1Q 2026: Revenue $2.84M, EPS ($0.12) — 10-Q Summary

BT Brands, Inc. reported first-quarter 2026 results with revenue of $2.84M, a decline from $3.23M a year earlier, and a net loss of ($751.01K), or diluted EPS of ($0.12), reflecting weaker sales and the impact of a closed location.Financial HighlightsMetricCurrent quarterPrior year quarterYoY changeRevenue¹$2.84M$3.23M(12%)Net income²($751.01K)($329.85K)(127.7%)Diluted EPS³($0.12)($0.05)(140%)¹ Reported as “Sales”. ² Reported as “Net Loss”. ³ Reported as “LOSS PER COMMON SHARE - Basic and Diluted”.Business HighlightsRevenue down roughly 12% year over year to $2.84M for Q1 2026, driven primarily by lower Burger Time unit sales and the closure of the Minot location.Seasonality and channel mix affected Q1 results for BTND and PIE; PIE expects stronger, tourist-driven sales in Q2–Q3.Portfolio at quarter end included nine restaurants plus a 40.7% stake in Bagger Dave’s (five units); the company closed the underperforming Village Bier Garten.Management achieved improved restaurant-level EBITDA and reduced G&A through cost-cutting measures, partially offsetting sales declines.Company is exploring non-restaurant growth opportunities and strategic alternatives for its BDVB holdings, including potential sale of locations.Original SEC Filing: BT Brands, Inc. [ BTBD ] - 10-Q - May. 18, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.