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Flanigan's Announces Earnings

2011-12-29

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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 52 weeks ended October 1, 2011.

The table below sets forth the results on a comparative basis with the 13 weeks and 52 weeks ended October 2, 2010.

	For the 13 weeks	For the 13 weeks
	ended October	ended October
	1, 2011	2, 2010
REVENUES

RESTAURANT FOOD AND BAR SALES	$ 14,033,000	$ 13,382,000
PACKAGE STORE SALES	2,820,000	2,747,000
FRANCHISE RELATED REVENUES	287,000	320,000
OWNER'S FEE	38,000	40,000
OTHER OPERATING INCOME	59,000	28,000
	-----------------	-----------------
TOTAL REVENUES	$ 17,237,000	$ 16,517,000
	==========	========
NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC.	$ 19,000	$ 295,000
	=========	========

NET INCOME PER COMMON SHARE BASIC AND DILUTED	$ 0.01	$ 0.16
	=========	=======


	For the 52 weeks	For the 52 weeks
	ended October	ended October
	1, 2011	2, 2010

RESTAURANT FOOD AND BAR SALES	$ 57,765,000	$ 55,717,000
PACKAGE STORE SALES	13,141,000	12,898,000
FRANCHISE RELATED REVENUES	1,023,000	1,076,000
OWNER'S FEE	161,000	165,000
OTHER OPERATING INCOME	219,000	137,000
	------------------	------------------
TOTAL REVENUES	$ 72,309,000	$ 69,993,000
	========	=========
NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC.	$ 1,449,000(1)	$ 1,679,000
	===========	===========
NET INCOME PER COMMON SHARE BASIC AND DILUTED	$ 0.78	$ 0.90
	=========	======