BT Brands reported a net income of $914,975 for the thirteen‑week period ending September 28, 2025, translating to earnings of $0.15 per share. The result marks a dramatic turnaround from the $219,000 net loss recorded in the same quarter of 2024, underscoring the company’s ability to reverse a prior‑year deficit through disciplined cost management and strategic asset sales.
Revenue for the quarter fell 11.4% to $3.9 million, a decline driven by the closure of two operating locations as part of the company’s site‑optimization program. While the reduction in store count lowered top‑line sales, it also helped concentrate resources on higher‑margin sites, contributing to the sharp rise in profitability.
Restaurant‑level EBITDA climbed 74% to $823,000, reaching a margin of 21.3% compared with 10.9% in Q3 2024. The margin expansion reflects a combination of lower food and paper costs, improved labor efficiency, and selective menu price increases that were implemented across the remaining portfolio.
CEO Gary Copperud highlighted the role of operational efficiencies and non‑operating gains from asset sales in driving the earnings rebound. He also reiterated enthusiasm for the merger with Aero Velocity, describing the deal as a “high‑growth platform with attractive profit margins” that will complement the company’s core restaurant business.
BT Brands did not issue forward‑looking guidance for fiscal 2025 or beyond, citing the ongoing merger process and potential asset transactions. The absence of guidance signals the company’s focus on integrating the merger rather than projecting detailed financial forecasts.
The earnings announcement was received in the context of a broader market rally for the merger with Aero Velocity, which has attracted significant investor interest. While the Q3 results themselves were not the primary catalyst for the market’s positive reaction, they reinforce confidence in the company’s ability to generate cash flow from its legacy operations while it transitions toward a drone‑technology focus.
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