Flanigan's Reports 3rd Quarter Earnings
2008-08-13
FLANIGAN'S ENTERPRISES, INC. (AMEX:BDL) , owners and operators of the "Flanigan's Seafood Bar and Grill" restaurants and "Big Daddy's" retail liquor stores, today announced results for the 13 weeks and the 39 weeks ended June 28, 2008.
For the 13 weeks For the 13 weeks
ended June 28, ended June 30,
2008 2007
REVENUES
RESTAURANT FOOD AND BAR SALES $ 12,528,000 $ 11,979,000
PACKAGE STORE SALES 2,842,000 3,037,000
FRANCHISE RELATED REVENUES 273,000 279,000
OWNER'S FEE 68,000 71,000
OTHER OPERATING INCOME 54,000 41,000
TOTAL REVENUES $ 15,765,000 $ 15,407,000
NET INCOME $ 336,000 $ 427,000(1)
NET INCOME PER COMMON SHARE
Basic $ 0.18 $ 0.23
Diluted $ 0.18 $ 0.22
(1) includes after tax gain of $236,000 from sale of real property.
For the 39 weeks For the 39 weeks
ended June ended June
28, 2008 30, 2007
RESTAURANT FOOD AND BAR SALES $ 37,831,000 $ 35,474,000
PACKAGE STORE SALES 9,673,000 10,050,000
FRANCHISE RELATED REVENUES 815,000 887,000
OWNER'S FEE 183,000 151,000
OTHER OPERATING INCOME 150,000 134,000
TOTAL REVENUES $ 48,652,000 $ 46,696,000
NET INCOME $ 991,000 $ 1,083,000(1)
NET INCOME PER COMMON SHARE
Basic $ 0.52 $ 0.57
Diluted $ 0.52 $ 0.57
(1) includes after tax gain of $236,000 from sale of real property.
Logos, product and company names mentioned are the property of their respective owners.
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