FLANIGAN’S REPORTS EARNINGS

FORT LAUDERDALE, Fla., Jan. 25, 2023 /PRNewswire/ — FLANIGAN’S ENTERPRISES, INC., (NYSE AMERICAN: BDL) owners and operators of the “Flanigan’s Seafood Bar and Grill” restaurants and “Big Daddy’s” retail liquor stores, announced results for the 13 weeks and the 52 weeks ended October 1, 2022.  The table below sets forth the results on a comparative basis with the 13 weeks and the 52 weeks ended October 2, 2021. 

					13 Weeks Ended			13 Weeks Ended
REVENUES					October 1, 2022			October 2, 2021
RESTAURANT FOOD AND BAR SALES					$	31,642,000		$	27,687,000
PACKAGE STORE SALES						7,407,000			5,381,000
FRANCHISE RELATED REVENUES						442,000			421,000
RENTAL INCOME						203,000			107,000
OTHER OPERATING INCOME						30,000			39,000
TOTAL REVENUES					$	39,724,000		$	33,635,000
NET INCOME ATTRIBUTABLE TO
FLANIGAN’S ENTERPRISES, INC.					$	1,253,000		$	1,354,000
NET INCOME PER COMMON SHARE
	BASIC AND DILUTED				$	0.68		$	0.73
					52 Weeks Ended			52 Weeks Ended
					October 1, 2022			October 2,  2021
RESTAURANT FOOD AND BAR SALES					$	123,627,000		$	105,298,000
PACKAGE STORE SALES						31,692,000			29,304,000
FRANCHISE RELATED REVENUES						1,826,000			1,673,000
RENTAL INCOME						814,000			770,000
OTHER OPERATING INCOME						173,000			262,000
TOTAL REVENUES					$	158,132,000		$	137,307,000
NET INCOME ATTRIBUTABLE TO
FLANIGAN’S ENTERPRISES, INC.					$	6,312,000		$	11,784,000
NET INCOME PER COMMON SHARE
	BASIC AND DILUTED				$	3.40		$	6.34

 

View original content: