BT Brands, Inc. 1Q 2026: Revenue $2.84M, EPS ($0.12) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.BT Brands, Inc. reported Q1 2026 revenue of $2.84M, down 12% from $3.23M a year ago, with a net loss of $751.01K and diluted EPS of ($0.12). The decline was attributed to lower sales and a closed location. The company is exploring non-restaurant growth opportunities and strategic alternatives for its holdings, including potential sales.
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 Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $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 Highlights
- Revenue 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, 2026