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Flanigan's Announces Earnings

2011-05-18

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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 13 weeks and the 26 weeks ended April 2, 2011.

The table below sets forth the results on a comparative basis with the 13 weeks and 26 weeks ended April 3, 2010.

	For the 13 weeks	For the 13 weeks
	ended April 2,	ended April 3,
	2011	2010
REVENUES

RESTAURANT FOOD AND
BAR SALES	$15,302,000	$15,011,000
PACKAGE STORE SALES	3,505,000	3,595,000
FRANCHISE RELATED REVENUES	244,000	255,000
OWNER'S FEE	42,000	30,000
OTHER OPERATING INCOME	71,000	47,000
	------------------	------------------
TOTAL REVENUES	$19,164,000	$18,938,000
	===========	===========

NET INCOME ATTRIBUTABLE
TO FLANIGAN'S ENTERPRISES, INC.	$735,000(1)	$ 670,000
	===========	==========

NET INCOME PER COMMON SHARE
BASIC AND DILUTED	$ .39	$ .36
	===========	==========

(1) Includes after tax gain of $162,000 from sale of guaranteed leasehold interest.

	For the 26 weeks	For the 26 weeks
	ended April 2,	ended April 3,
	2011	2010

RESTAURANT FOOD AND
BAR SALES	$ 29,062,000	$28,224,000
PACKAGE STORE SALES	7,204,000	7,188,000
FRANCHISE RELATED REVENUES	503,000	536,000
OWNER'S FEE	84,000	83,000
OTHER OPERATING INCOME	99,000	71,000
	-------------------	------------------
TOTAL REVENUES	$36,952,000	$36,102,000
	============	==========
NET INCOME ATTRIBUTABLE
TO FLANIGAN'S ENTERPRISES, INC.	$ 1,085,000(1)	$958,000
	=============	==========

NET INCOME PER COMMON SHARE
BASIC AND DILUTED	$ . 58	$ .51
	=============	===========

(1) Includes after tax gain of $162,000 from sale of guaranteed leasehold interest.