FLANIGAN'S REPORTS EARNINGS

Rhea-AI Summary

Flanigan's Enterprises (NYSE AMERICAN: BDL), operator of Flanigan's Seafood Bar and Grill restaurants and Big Daddy's retail liquor stores, has released its financial results for the 52 weeks ended September 28, 2024. Total revenues increased to $188.3 million from $174.4 million in the previous year. Restaurant food and bar sales grew to $144.8 million from $136.2 million, while package store sales rose to $40.5 million from $35.2 million. However, net income decreased to $3.36 million from $4.0 million, with earnings per share declining to $1.81 from $2.15.

Positive

• Total revenue increased 8% to $188.3 million
• Restaurant food and bar sales grew 6.3% to $144.8 million
• Package store sales increased 15.1% to $40.5 million
• Rental income improved 16.2% to $1.1 million

Negative

• Net income declined 16.1% to $3.36 million
• Earnings per share decreased 15.8% to $1.81
• Franchise related revenues dropped 8.8% to $1.69 million

FORT LAUDERDALE, Fla., Dec. 27, 2024 /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 52 weeks ended September 28, 2024. The table below sets forth the results on a comparative basis with the 52 weeks ended September 30, 2023. 

							(in thousands, except per share amounts)
						52 Weeks Ended			52 Weeks Ended
						September 28, 2024			September 30, 2023
	RESTAURANT FOOD AND BAR SALES					$	144,805		$	136,238
	PACKAGE STORE SALES						40,497			35,187
	FRANCHISE RELATED REVENUES						1,693			1,857
	RENTAL INCOME						1,105			951
	OTHER REVENUES						221			163
	TOTAL REVENUES					$	188,321		$	174,396
	NET INCOME ATTRIBUTABLE TO
	FLANIGAN'S ENTERPRISES, INC.					$	3,356		$	3,999
	NET INCOME PER COMMON SHARE
		BASIC AND DILUTED				$	$1.81		$	$2.15

 

View original content:https://www.prnewswire.com/news-releases/flanigans-reports-earnings-302339820.html

SOURCE FLANIGAN'S ENTERPRISES, INC.

FAQ

What was Flanigan's (BDL) total revenue for fiscal year 2024?

Flanigan's total revenue for the 52 weeks ended September 28, 2024, was $188.321 million.

How much did Flanigan's (BDL) earnings per share decrease in 2024?

Flanigan's earnings per share decreased from $2.15 to $1.81, representing a 15.8% decline.

What was the growth in Flanigan's (BDL) package store sales for 2024?

Package store sales grew by 15.1%, increasing from $35.187 million to $40.497 million.

How did Flanigan's (BDL) restaurant sales perform in fiscal 2024?

Restaurant food and bar sales increased by 6.3%, from $136.238 million to $144.805 million.

What was Flanigan's (BDL) net income for fiscal year 2024?

Flanigan's net income for fiscal year 2024 was $3.356 million, down from $3.999 million in 2023.