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FLANIGAN'S REPORTS EARNINGS

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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 View original content:https://www.prnewswire.com/news-releases/flanigans-reports-earnings-301827900.html

SOURCE FLANIGAN'S ENTERPRISES, INC.

Flanigan`s Enterprises, Inc.

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Food Service Contractors
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Consumer Services, Restaurants, Accommodation and Food Services, Food Service Contractors
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Fort Lauderdale

About BDL

flanigan's was incorporated in florida in 1959 and commenced operating as a chain of small cocktail lounges and package liquor stores throughout south florida. by 1970, we had established a chain of "big daddy's"​ lounges and package liquor stores between vero beach and homestead, florida. from 1970 to 1979, we expanded our "big daddy liquors"​ package liquor store and lounge operations throughout florida and opened clubs in five other "sun belt"​ states. in 1987, flanigan's began renovating our lounges to provide full restaurant food service, and subsequently renovated and added food service to most of our lounges. our package liquor stores emphasize high volume business by providing customers with a wide variety of brand name and private label merchandise at discount prices. our restaurants offer alcoholic beverages and full food service with abundant portions and reasonable prices, served in a relaxed, friendly and casual atmosphere.