BT Brands Reports Increased Net Loss and Decreased Revenue for 13-Week Period Ending March 29, 2026

BT Brands, Inc. reported a net loss of $751,011 for the 13-week period ending March 29, 2026, compared to a net loss of $329,849 for the same period in the previous year. The company's revenue decreased to $2.84 million, down from $3.23 million in the prior year, primarily due to a decline in sales at its Burger Time locations, including the closure of the Minot, North Dakota restaurant. The average sales per Burger Time unit fell to approximately $179,000, a decrease of about $51,000 compared to the previous year. The company's operating loss improved to $232,811 from $292,196, reflecting reduced general and administrative expenses and lower food costs.

In terms of operational metrics, BT Brands' total current assets decreased to $5.24 million from $5.90 million at the end of the previous fiscal year. The company reported a significant unrealized loss of $435,615 on marketable securities, compared to a loss of $44,024 in the prior year. Additionally, the company recognized a realized loss of $79,395 on investments, contrasting with a gain of $95,038 in the previous year. The total liabilities slightly decreased to $4.30 million from $4.33 million, while shareholders' equity fell to $5.68 million from $6.42 million.

Strategically, BT Brands has focused on diversifying its restaurant portfolio, which now includes nine locations across various states, along with a 40.7% ownership interest in Bagger Dave’s Burger Tavern, Inc. The company has also been exploring growth opportunities outside the restaurant sector. However, it faced challenges with the Village Bier Garten location, which ceased operations in early 2025, leading to ongoing litigation regarding unpaid rent. The company recorded an impairment charge of $215,000 related to this lease.

Looking ahead, BT Brands anticipates continued challenges in the restaurant industry, including labor shortages and rising costs. The company has implemented price increases to offset inflationary pressures but acknowledges that these may not fully mitigate the impact on consumer demand. The termination of a proposed merger with Aero Velocity has removed certain uncertainties, but the company remains cautious about its financial outlook, particularly regarding market volatility and operational performance. BT Brands continues to evaluate its strategic direction while maintaining a focus on improving operational efficiencies and enhancing shareholder value.