Flanigan's Announces Earnings

2010-01-06
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  • Flanigans FLANIGAN'S ENTERPRISES, INC., (NYSE Alternext US: BDL) owners and operators of the 'Flanigan's Seafood Bar and Grill' restaurants and 'Big Daddy's' retail liquor stores, announced results for the 14 weeks and the 53 weeks ended October 3, 2009. The table below sets forth the results on a comparative basis with the 13 weeks and 52 weeks ended September 27, 2008.

                                            For the 14
    weeks For the 13 weeks
    ended October ended September
    3, 2009 27, 2008
    ------- --------
    REVENUES
    --------

    RESTAURANT FOOD AND BAR SALES $13,351,000 $12,569,000
    PACKAGE STORE SALES 2,844,000 2,644,000
    FRANCHISE RELATED REVENUES 284,000 251,000
    OWNER'S FEE 41,000 55,000
    OTHER OPERATING INCOME 39,000 38,000
    ------ ------
    TOTAL REVENUES $16,559,000 $15,557,000
    =========== ===========

    NET INCOME $222,000 $66,000
    ======== =======
    NET INCOME PER COMMON SHARE
    BASIC $0.12 $0.03
    ===== =====
    DILUTED $0.12 $0.03
    ===== =====


    For the 53
    weeks For the 52 weeks
    ended October ended September
    3, 2009 27, 2008
    ------- --------
    RESTAURANT FOOD AND BAR SALES $52,979,000 $50,400,000
    PACKAGE STORE SALES 12,632,000 12,317,000
    FRANCHISE RELATED REVENUES 1,126,000 1,066,000
    OWNER'S FEE 170,000 238,000
    OTHER OPERATING INCOME 153,000 188,000
    ------- -------
    TOTAL REVENUES $67,060,000 $64,209,000
    ===========
    NET INCOME $1,389,000 (1) $1,057,000
    ========== ==========
    NET INCOME PER COMMON SHARE

    BASIC EPS $0.74 $0.56
    ===== =====

    DILUTED EPS $0.74 $0.56
    ===== =====

    (1) Includes after tax gain of $106,000 from payment of balance of
    claim in liquidation proceedings of former insurance company plus
    interest.


    Logos, product and company names mentioned are the property of their respective owners.

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