Flanigan's Announces Earnings
Flanigan's Enterprises (NYSE AMERICAN: BDL) reported a total revenue of $31.38 million for the 13 weeks ended January 2, 2021, reflecting a modest increase compared to $30.94 million in the same period in 2019.
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Rhea-AI Summary
Flanigan's Enterprises (NYSE AMERICAN: BDL) reported a total revenue of $31.38 million for the 13 weeks ended January 2, 2021, reflecting a modest increase compared to $30.94 million in the same period in 2019. Restaurant food and bar sales accounted for $22.77 million, down from $24.63 million. Package store sales rose significantly to $8.01 million from $5.71 million. Net income increased to $780,000 or $0.42 per share, compared to $494,000 or $0.27 per share in 2019. The results indicate a recovery trajectory amidst ongoing challenges.
Positive
- Total revenues increased to $31.38 million from $30.94 million year-over-year.
- Net income rose to $780,000, a significant increase from $494,000.
Negative
- Restaurant food and bar sales decreased to $22.77 million from $24.63 million.
Details
News Market Reaction – BDL
The recorded move for BDL in the trading session of this news was -1.49%.
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FORT LAUDERDALE, Fla., Feb. 23, 2021 /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, today announced results for the 13 weeks ended January 2, 2021. The table below sets forth the results on a comparative basis with the 13 weeks ended December 28, 2019.
For the 13 weeks | For the 13 weeks | ||||
ended January | ended December | ||||
2, 2021 | 28, 2019 | ||||
REVENUES | |||||
RESTAURANT FOOD AND | |||||
BAR SALES | $ | 22,771,000 | $ | 24,633,000 | |
PACKAGE STORE SALES | 8,011,000 | 5,707,000 | |||
FRANCHISE RELATED REVENUES | 386,000 | 360,000 | |||
RENTAL INCOME | 187,000 | 194,000 | |||
OTHER OPERATING INCOME | 25,000 | 47,000 | |||
------------- | ----------------- | ||||
TOTAL REVENUES | $ | 31,380,000 | $ | 30,941,000 | |
NET INCOME ATTRIBUTABLE TO | |||||
FLANIGAN'S ENTERPRISES, INC. | $ | 780,000 | $ | 494,000 | |
NET INCOME PER COMMON SHARE | |||||
BASIC AND DILUTED | $ | 0.42 | $ | 0.27 |
View original content:http://www.prnewswire.com/news-releases/flanigans-announces-earnings-301233940.html
SOURCE FLANIGAN'S ENTERPRISES, INC.
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