FLANIGAN'S REPORTS EARNINGS
Flanigan's Enterprises, Inc. (NYSE AMERICAN: BDL), operators of Flanigan's Seafood Bar and Grill restaurants and Big Daddy's retail liquor stores, has reported its financial results for the 13 and 39 weeks ended June 29, 2024.
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Rhea-AI Summary
Flanigan's Enterprises, Inc. (NYSE AMERICAN: BDL), operators of Flanigan's Seafood Bar and Grill restaurants and Big Daddy's retail liquor stores, has reported its financial results for the 13 and 39 weeks ended June 29, 2024. Total revenues for the 13-week period increased to $49,102,000 from $45,372,000 in the same period last year. However, net income decreased to $1,121,000 ($0.60 per share) from $1,605,000 ($0.86 per share). For the 39-week period, total revenues rose to $142,311,000 from $131,036,000, but net income declined to $3,172,000 ($1.71 per share) from $4,126,000 ($2.22 per share) in the previous year.
Positive
- Total revenues increased by 8.2% to $49,102,000 for the 13-week period
- Restaurant food and bar sales grew by 6.2% to $38,048,000 for the 13-week period
- Package store sales rose by 17.1% to $10,292,000 for the 13-week period
- Total revenues for the 39-week period increased by 8.6% to $142,311,000
Negative
- Net income for the 13-week period decreased by 30.2% to $1,121,000
- Earnings per share for the 13-week period declined from $0.86 to $0.60
- Net income for the 39-week period decreased by 23.1% to $3,172,000
- Earnings per share for the 39-week period declined from $2.22 to $1.71
- Franchise related revenues decreased for both 13-week and 39-week periods
Details
News Market Reaction – BDL
The recorded move for BDL in the trading session of this news was +1.23%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
13 Weeks Ended | 13 Weeks Ended | ||||||||
June 29, 2024 | July 1, 2023 | ||||||||
REVENUES: | |||||||||
RESTAURANT FOOD AND BAR SALES | $ | 38,048,000 | $ | 35,813,000 | |||||
PACKAGE STORE SALES | 10,292,000 | 8,791,000 | |||||||
FRANCHISE RELATED REVENUES | 428,000 | 466,000 | |||||||
RENTAL INCOME | 278,000 | 252,000 | |||||||
OTHER OPERATING INCOME | 56,000 | 50,000 | |||||||
TOTAL REVENUES | $ | 49,102,000 | $ | 45,372,000 | |||||
NET INCOME ATTRIBUTABLE TO | |||||||||
FLANIGAN'S ENTERPRISES, INC. | $ | 1,121,000 | $ | 1,605,000 | |||||
NET INCOME PER COMMON SHARE | |||||||||
BASIC AND DILUTED | $ | $ | |||||||
39 Weeks Ended | 39 Weeks Ended | ||||||||
June 29, 2024 | July 1, 2023 | ||||||||
REVENUES: | |||||||||
RESTAURANT FOOD AND BAR SALES | $ | 108,962,000 | $ | 101,962,000 | |||||
PACKAGE STORE SALES | 31,034,000 | 26,853,000 | |||||||
FRANCHISE RELATED REVENUES | 1,291,000 | 1,409,000 | |||||||
RENTAL INCOME | 844,000 | 683,000 | |||||||
OTHER OPERATING INCOME | 180,000 | 129,000 | |||||||
TOTAL REVENUES | $ | 142,311,000 | $ | 131,036,000 | |||||
NET INCOME ATTRIBUTABLE TO | |||||||||
FLANIGAN'S ENTERPRISES, INC. | $ | 3,172,000 | $ | 4,126,000 | |||||
NET INCOME PER COMMON SHARE | |||||||||
BASIC AND DILUTED | $ | $ | |||||||
View original content:https://www.prnewswire.com/news-releases/flanigans-reports-earnings-302222725.html
SOURCE FLANIGAN'S ENTERPRISES, INC.
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