FLANIGAN'S REPORTS EARNINGS

FORT LAUDERDALE, Fla., May 17, 2023 /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 April 1, 2023.  The table below sets forth the results on a comparative basis with the 13 weeks and the 26 weeks ended April 2, 2022.

					13 Weeks Ended			13 Weeks Ended
REVENUES					April 1, 2023			April 2, 2022
RESTAURANT FOOD AND BAR SALES					$	34,394,000		$	31,444,000
PACKAGE STORE SALES						8,659,000			8,148,000
FRANCHISE RELATED REVENUES						484,000			478,000
RENTAL INCOME						218,000			199,000
OTHER OPERATING INCOME						48,000			61,000
TOTAL REVENUES					$	43,803,000		$	40,330,000
NET INCOME ATTRIBUTABLE TO
FLANIGAN'S ENTERPRISES, INC.					$	1,897,000		$	1,660,000
NET INCOME PER COMMON SHARE
	BASIC AND DILUTED				$	1.02		$	0.89
					26 Weeks Ended			26 Weeks Ended
					April 1, 2023			April 2,  2022
RESTAURANT FOOD AND BAR SALES					$	66,149,000		$	59,656,000
PACKAGE STORE SALES						18,062,000			16,659,000
FRANCHISE RELATED REVENUES						943,000			924,000
RENTAL INCOME						431,000			398,000
OTHER OPERATING INCOME						79,000			96,000
TOTAL REVENUES					$	85,664,000		$	77,733,000
NET INCOME ATTRIBUTABLE TO
FLANIGAN'S ENTERPRISES, INC.					$	2,521,000		$	3,224,000
NET INCOME PER COMMON SHARE
	BASIC AND DILUTED				$	1.36		$	1.73

 

Cision

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SOURCE FLANIGAN'S ENTERPRISES, INC.