Flanigan's Results

Flanigan's Reports 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, 2016.

Flanigan's

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, 2016.

The table below sets forth the results on a comparative basis with the 14 weeks and 53 weeks ended October 3, 2015.

For the 13 weeks

ended October 1,

2016

For the 14 weeks

ended October 3,

2015

REVENUES

RESTAURANT FOOD AND

BAR SALES

$ 20,857,000

$ 20,992,000

PACKAGE STORE SALES

3,506,000

3,494,000

FRANCHISE RELATED REVENUES

412,000

395,000

RENTAL INCOME

124,000

136,000

OWNER'S FEE

37,000

38,000

OTHER OPERATING INCOME

47,000

56,000

TOTAL REVENUES

$ 24,983,000

$ 25,111,000

NET INCOME ATTRIBUTABLE

TO FLANIGAN'S ENTERPRISES, INC

$ 395,000*

$ 788,000

NET INCOME PER COMMON SHARE

BASIC AND DILUTED

$ .21

$ .43

*includes after tax write-off of approximately $138,000 as the un-depreciated value of a small residence adjacent to the parking lot where our combination package liquor store and restaurant located at 4 N. Federal Highway, Hallandale Beach, Florida operates that was demolished during the fourth quarter of our fiscal year 2016.

(Continued)

For the 52 weeks

ended October 1,

2016

For the 53 weeks

ended October 3,

2015

RESTAURANT FOOD AND

BAR SALES

$ 85,446,000

$ 81,502,000

PACKAGE STORE SALES

15,661,000

15,166,000

FRANCHISE RELATED REVENUES

1,584,000

1,537,000

RENTAL INCOME

552,000

541,000

OWNER'S FEE

150,000

163,000

OTHER OPERATING INCOME

225,000

212,000

TOTAL REVENUES

$ 103,618,000

$ 99,121,000

NET INCOME ATTRIBUTABLE

TO FLANIGAN'S ENTERPRISES, INC.

$ 3,040,000*

$ 3,461,000

NET INCOME PER COMMON SHARE

BASIC AND DILUTED

$ 1.64

$ 1.86

*includes after tax write-off of approximately $138,000 as the un-depreciated value of a small residence adjacent to the parking lot where our combination package liquor store and restaurant located at 4 N. Federal Highway, Hallandale Beach, Florida operates that was demolished during the fourth quarter of our fiscal year 2016.



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