U.S. Markets open in 8 hrs 25 mins

Flanigan's Reports Earnings

FORT LAUDERDALE, Fla., May 15, 2019 /PRNewswire/ -- FLANIGAN'S ENTERPRISES, INC., (NYSE AMERICAN: 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 March 30, 2019.  The table below sets forth the results on a comparative basis with the 13 weeks and 26 weeks ended March 31, 2018.


For the 13 weeks


For the 13 weeks


ended March 30,


ended March 31,


2019


2018

REVENUES








RESTAURANT FOOD AND




            BAR SALES

$ 23,964,000


$ 23,885,000

PACKAGE STORE SALES                

5,092,000


4,866,000

FRANCHISE RELATED REVENUES

429,000


443,000

RENTAL INCOME

192,000


158,000

OWNER'S FEE                                                             

--


37,000

OTHER OPERATING INCOME

59,000


67,000


-----------------


-----------------

TOTAL REVENUES

$29,736,000


$ 29,456,000









NET INCOME ATTRIBUTABLE




TO FLANIGAN'S ENTERPRISES, INC

$ 1,021,000


$ 1,397,000





NET INCOME PER COMMON SHARE




BASIC AND DILUTED

$ 0.55


$ 0.75










For the 26 weeks


For the 26 weeks


ended March 30,


ended March 31,


2019


2018





RESTAURANT FOOD AND




            BAR SALES

$ 46,115,000


$ 46,641,000

PACKAGE STORE SALES

10,227,000


9,879,000

FRANCHISE RELATED REVENUES

796,000


823,000

RENTAL INCOME

390,000


315,000

OWNER'S FEE

--


75,000

OTHER OPERATING INCOME        

102,000


116,000


-------------------


-----------------

TOTAL REVENUES

$ 57,630,000


$ 57,849,000





NET INCOME ATTRIBUTABLE




TO FLANIGAN'S ENTERPRISES, INC.  

$ 1,764,000


$ 2,018,000









NET INCOME PER COMMON SHARE




BASIC AND DILUTED        

$ 0.95


$ 1.09

        

 

Cision

View original content:http://www.prnewswire.com/news-releases/flanigans-reports-earnings-300851060.html