Welcome to our dedicated page for Flanigan's Enterprises news (Ticker: BDL), a resource for investors and traders seeking the latest updates and insights on Flanigan's Enterprises stock.
Flanigan's Enterprises Inc, incorporated in Florida in 1959, has grown into a notable chain of small cocktail lounges and package liquor stores across South Florida. Initially operating as 'Big Daddy's' lounges and package liquor stores, Flanigan's has expanded over the decades to include full restaurant services. By 1987, Flanigan's began adding full food services to its lounges, transforming them into popular dining destinations known for their relaxed and friendly atmosphere.
The company's business activities are divided into two main segments: Restaurant and Package Liquor Store segments. The Restaurant segment, operating under the name Flanigan's Seafood Bar and Grill, offers a range of menu options including prime rib, steaks, pasta, entree salads, burgers, a variety of sandwiches, and oversized signature desserts. This segment also serves alcoholic beverages, contributing significantly to the company's revenue.
The Package Liquor Store segment, operating under the name Big Daddy's, specializes in retail liquor sales and related items. These stores provide customers with a wide variety of brand name and private label merchandise at discount prices, emphasizing high-volume business.
Flanigan's has consistently reported its financial results, showcasing a stable performance. In the latest updates, the company announced its financial results for various periods, highlighting comparative data with previous years. Recent achievements include the results for:
- 13 weeks and 39 weeks ended July 1, 2023
- 52 weeks ended September 30, 2023
- 13 weeks ended December 30, 2023
- 13 weeks and 26 weeks ended March 30, 2024
Flanigan's Enterprises Inc continues to thrive by maintaining a strong presence in the restaurant and liquor retail segments, offering quality products and services at reasonable prices, and fostering a welcoming environment for its customers.
Flanigan's Enterprises, owners of Flanigan's Seafood Bar and Grill and Big Daddy's retail liquor stores, has declared a cash dividend of 50 cents per share.
The dividend is for shareholders of record as of June 14, 2024, and will be payable on June 28, 2024.
This decision was made by the Board of Directors on May 23, 2024.
Flanigan's Enterprises (NYSE American: BDL) reported financial results for the 13 weeks and 26 weeks ending March 30, 2024, compared to the same periods ending April 1, 2023. For the 13-week period, total revenues increased to $48.07 million from $43.80 million, driven by growth in restaurant sales and package store sales. Net income rose slightly to $1.94 million from $1.90 million, with basic and diluted earnings per share (EPS) improving to $1.04 from $1.02.
For the 26-week period, total revenues grew to $93.21 million from $85.66 million. However, net income decreased to $2.05 million from $2.52 million, and EPS declined to $1.10 from $1.36. The report highlighted strong increases in restaurant and package store sales but noted a decline in franchise-related revenues.
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