Flanigan's Announces Earnings
Rhea-AI Summary
Flanigan's Enterprises, Inc. (NYSE AMERICAN: BDL) reported a revenue increase for the 13 weeks ended April 3, 2021, totaling $34,357,000, compared to $30,128,000 in the same period last year. Restaurant food and bar sales rose to $25,739,000 from $23,528,000. For the 26 weeks, total revenues reached $65,737,000, up from $61,069,000. Net income attributable to Flanigan's surged to $2,451,000 for the quarter, translating to a net income per share of $1.32, compared to $0.35 a year prior.
AI-generated analysis. Not financial advice.
Positive
- Total revenues for Q1 increased by 14.5% to $34,357,000.
- Net income for Q1 grew substantially to $2,451,000, compared to $648,000 last year.
- Net income per share increased to $1.32 from $0.35 in the prior year.
Negative
- None.
News Market Reaction – BDL
On the day this news was published, BDL gained 40.61%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
FORT LAUDERDALE, Fla., May 24, 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 and the 26 weeks ended April 3, 2021. The table below sets forth the results on a comparative basis with the 13 weeks and the 26 weeks ended March 28, 2020.
For the 13 weeks | For the 13 weeks | ||
REVENUES | |||
RESTAURANT FOOD AND | |||
BAR SALES | $ 25,739,000 | $ 23,528,000 | |
PACKAGE STORE SALES | 7,830,000 | 6,027,000 | |
FRANCHISE RELATED REVENUES | 422,000 | 307,000 | |
RENTAL INCOME | 226,000 | 209,000 | |
OTHER OPERATING INCOME | 140,000 | 57,000 | |
TOTAL REVENUES | $ 30,128,000 | ||
NET INCOME ATTRIBUTABLE TO | |||
FLANIGAN'S ENTERPRISES, INC. | $ 2,451,000 | $ 648,000 | |
NET INCOME PER COMMON SHARE | |||
BASIC AND DILUTED | $ 1.32 | $ 0.35 |
For the 26 weeks | For the 26 weeks | ||
RESTAURANT FOOD AND | |||
BAR SALES | $ 48,510,000 | $ 48,161,000 | |
PACKAGE STORE SALES | 15,841,000 | 11,734,000 | |
FRANCHISE RELATED REVENUES | 808,000 | 667,000 | |
RENTAL INCOME | 413,000 | 403,000 | |
OTHER OPERATING INCOME | 165,000 | 104,000 | |
TOTAL REVENUES | $ 65,737,000 | ||
NET INCOME ATTRIBUTABLE TO | |||
FLANIGAN'S ENTERPRISES, INC | $ 3,231,000 | $ 1,142,000 | |
NET INCOME PER COMMON SHARE | |||
BASIC AND DILUTED | $ 1.74 | $ 0.61 |
View original content:http://www.prnewswire.com/news-releases/flanigans-announces-earnings-301298132.html
SOURCE FLANIGAN'S ENTERPRISES, INC.