Financial

Flanigan's Announces Earnings

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.

Flanigans

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

 

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TOTAL REVENUES                               

$ 17,237,000

$ 16,517,000

 

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NET  INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC.        

$ 19,000

$ 295,000

 

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NET INCOME  PER COMMON SHARE BASIC AND DILUTED

$ 0.01

$ 0.16

 

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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

 

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TOTAL REVENUES                                

$ 72,309,000

$ 69,993,000

 

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NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC.              

$ 1,449,000(1)

$ 1,679,000

 

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NET INCOME PER COMMON SHARE BASIC AND DILUTED

$ 0.78

$ 0.90

 

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

 



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