Flanigans Entr SEC Filings

Flanigan’s Enterprises reported higher sales and profits for the quarter and first half of fiscal 2026. For the thirteen weeks ended March 28, 2026, total revenue rose to $56.5M, up 5.91% year over year, driven by restaurant and package store traffic plus menu price increases. Quarterly net income grew 14.70% to $3.8M, with net income attributable to stockholders at $2.9M or $1.55 per share.

For the twenty-six weeks, revenue increased to $109.1M, up 5.54%, while net income rose 34.16% to $5.3M. Management attributes margin gains largely to recent bar and food price increases, partly offset by higher merchandise, labor, and occupancy costs and compressed package-store margins. Cash and cash equivalents reached $22.8M against total assets of $144.8M and long-term debt of $19.9M, supporting continued refurbishment and real estate investment.

Flanigan’s Enterprises, Inc. reported the results of its Annual Meeting of Shareholders held on February 27, 2026. Of 1,858,647 shares of common stock outstanding and entitled to vote, 1,303,883 shares were represented, establishing a 70.15% quorum.

Shareholders elected three directors to serve until the 2029 Annual Meeting or until their successors are elected and qualified. August H. Bucci received 1,129,047 votes for and 165,938 withheld, Christopher J. Nelms received 1,120,866 votes for and 174,117 withheld, and Patrick J. Flanigan received 1,137,267 votes for and 166,616 withheld. The terms of six other directors continue after the meeting.

Flanigan’s Enterprises (BDL) delivered a much stronger quarter. For the thirteen weeks ended December 27, 2025, total revenue rose to $52.6 million, up 5.15% year over year, driven by higher restaurant food and package store sales and recent menu price increases.

Profitability improved sharply. Net income increased to $1.5 million from $0.6 million, while net income attributable to common stockholders jumped to $0.8 million, or $0.43 per share, versus $0.03 a year earlier, as gross margins expanded in both restaurants and liquor stores.

The company ended the quarter with $23.0 million in cash and $20.3 million of long‑term debt, refinanced a key mortgage, and continues to invest in growth, including a new Cutler Bay site. Management notes inflation is pressuring costs but believes current cash flow can fund 2026 operations and planned capital spending.

Flanigan’s Enterprises, Inc. is calling a 2026 Annual Meeting of shareholders for February 27, 2026, where holders of common stock as of January 9, 2026 will vote on electing three directors—August H. Bucci, Christopher J. Nelms and Patrick J. Flanigan—to three‑year terms ending in 2029.

The company has 1,858,647 shares of common stock outstanding, each with one vote, and a majority of shares present is needed for a quorum. The board is classified into three classes and recommends voting for all nominees. Flanigan’s is a “controlled company,” with insiders and related entities holding significant stakes: James G. Flanigan beneficially owns about 52.8% of the common stock, and all directors and executive officers together hold about 62.3%.

The proxy details 2025 director fees, executive pay and related‑party arrangements, including franchise and limited partnership interests where officers and directors earn distributions, and notes 2025 net income of $8,017,000 and a total shareholder return value of $120.28 for a hypothetical $100 investment.

Flanigan’s Enterprises, Inc. is implementing a broad leadership reorganization affecting several top roles. August H. Bucci has resigned as Chief Operating Officer and Executive Vice President effective December 31, 2025, but remains on the Board of Directors. James G. Flanigan II has stepped down as President and Chairman of the Board effective January 8, 2026, while continuing as Chief Executive Officer and a board member with the same base salary and bonus arrangement.

As of January 8, 2026, Jeffrey D. Kastner has moved from Chief Financial Officer to become Chief Legal Officer and Chairman of the Board, while remaining General Counsel, Secretary, and a director, with unchanged compensation terms. Christopher O’Neil has been promoted from Vice President of Package Operations to President with an annual base salary of $464,000, and will continue as a director. Allison Govoni, who joined the company in 2007 and most recently served as Director of Accounting, has been appointed Chief Financial Officer with an annual base salary of $222,000. Peter Bruce, previously Director of Operations, has been named Chief Operating Officer with an annual base salary of $272,000.

Flanigan's Enterprises CEO and director James G. Flanigan II reported open-market purchases of the company’s common stock. On 12/26/2025, he bought blocks of 116 shares at $29.50, 18 shares at $29.75, and 866 shares at $29.94. On 12/29/2025, he purchased an additional 866 shares at $30.00.

After these transactions, he beneficially owned 981,996 shares of Flanigan's Enterprises common stock. This total includes 741,796 shares held by a limited liability company he manages, 138,694 shares held by a trust for which he is trustee, 400 shares held as custodian for his children, and 12,776 shares held by his spouse.

Flanigan’s Enterprises, Inc. operates a regional hospitality business in Florida, centered on its “Flanigan’s Seafood Bar and Grill” restaurants and “Big Daddy’s Liquors” stores. As of September 27, 2025, the company controls 32 company-owned or managed units and franchises 5 additional locations, with food accounting for about 79.67% of restaurant sales and bar sales 20.33%. The model blends wholly owned units, franchised stores and restaurants, and 11 affiliated limited partnerships that generally pay Flanigan’s a 3% royalty on sales and, after return of invested capital, a management fee equal to half of distributable cash.

The company highlights a competitive labor market, rising wages in Florida (minimum wage at $14.00 per hour, moving to $15.00 in 2026) and healthcare inflation as key cost pressures. It also notes dependence on baby back ribs supply contracts, heavy geographic concentration in South Florida with exposure to hurricanes and windstorm insurance availability, extensive liquor and labor regulation, and growing cybersecurity, privacy and food-safety risks. Management emphasizes standardized operations, IT-backed controls, liability and property insurance, and longstanding brand recognition as core strengths.

Flanigan’s Enterprises, Inc. reported that on August 21, 2025, August H. Bucci notified the company of his intention to resign as Chief Operating Officer and Executive Vice President, effective December 31, 2025. He has indicated that he plans to continue serving on the company’s Board of Directors. This change means he will step back from day-to-day management responsibilities while remaining involved in overall oversight and strategic direction as a director.

Flanigan's Enterprises, Inc. (BDL) reported stronger year-to-date and quarterly results driven by price increases and higher package-store traffic. For the 13 weeks ended June 28, 2025, total revenue rose to $52.16 million from $49.10 million a year earlier and net income increased to $2.49 million from $1.80 million, with net income attributable to Flanigan’s stockholders of $1.39 million (basic and diluted EPS of $0.75 versus $0.60). For the thirty-nine weeks ended June 28, 2025, total revenue was $156.06 million (up 9.66%) and net income was $6.47 million, with stockholders’ net income of $4.14 million (EPS $2.23).

Margins improved in restaurant food and bar sales due to recent menu price increases and lower food costs, while package-store gross margin narrowed. Operating cash flow for the thirty-nine weeks was $7.15 million, cash and equivalents were $18.21 million, working capital was $11.997 million, and long-term debt (including current portion) was $20.926 million. Management paid a $0.55 per-share dividend and purchased a $2.2 million site in Cutler Bay for planned development.