Crumbs Bake Shop, Inc (Nasdaq:CRMB) reported financial results for the third quarter ended September 30, 2011. Net sales increased 18.3% to $8.9 million; gross profit increased 14.9% to $5.1 million. Store operating weeks increased 41% to 468 from 332. GAAP net loss attributable to stockholders was $(0.9) million or $(0.17) per diluted share. Adjusted EBITDA1, a non GAAP measure, of $(0.7) million compared to $0.5 million. 2 new stores opened in both Illinois and New York.

Crumbs Bake Shop, Inc. engages in the retail sale of cupcakes in the United States. It also offers a range of comfort-oriented classics and elegant baked goods.

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