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Flanigan's Reports Earnings

FORT LAUDERDALE, Fla., Dec. 26, 2017 /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 52 weeks ended September 30, 2017. The table below sets forth the results on a comparative basis with the 13 weeks and 52 weeks ended October 1, 2016.


For the 13 weeks
ended Sept. 30,
2017

For the 13 weeks
ended October 1,
2016

REVENUES






RESTAURANT FOOD AND
BAR SALES

$ 21,307,000

$ 20,857,000

PACKAGE STORE SALES

3,906,000

3,506,000

FRANCHISE RELATED REVENUES

384,000

412,000

RENTAL INCOME

150,000

124,000

OWNER'S FEE

37,000

37,000

OTHER OPERATING INCOME

44,000

47,000




TOTAL REVENUES

$ 25,828,000

$ 24,983,000




NET INCOME ATTRIBUTABLE
TO FLANIGAN'S ENTERPRISES, INC

$ 467,000

$ 395,000*




NET INCOME PER COMMON SHARE



BASIC AND DILUTED

.26

$ .21

*includes after tax write-off of approximately $138,000 as the un-depreciated value of a small residence adjacent to the parking lot where our combination package liquor store and restaurant located at 4 N. Federal Highway, Hallandale Beach, Florida operates that was demolished during the fourth quarter of our fiscal year 2016.


For the 52 weeks
ended Sept. 30,
2017

For the 52 weeks
ended October 1,
2016




RESTAURANT FOOD AND
BAR SALES

$ 87,393,000

$ 85,446,000

PACKAGE STORE SALES

16,842,000

15,661,000

FRANCHISE RELATED REVENUES

1,592,000

1,584,000

RENTAL INCOME

612,000

552,000

OWNER'S FEE

150,000

150,000

OTHER OPERATING INCOME

233,000

225,000




TOTAL REVENUES

$ 106,822,000

$ 103,618,000




NET INCOME ATTRIBUTABLE
TO FLANIGAN'S ENTERPRISES, INC.

$ 3,020,000

$ 3,040,000*

NET INCOME PER COMMON SHARE
BASIC AND DILUTED

$ 1.63

$ 1.64

*includes after tax write-off of approximately $138,000 as the un-depreciated value of a small residence adjacent to the parking lot where our combination package liquor store and restaurant located at 4 N. Federal Highway, Hallandale Beach, Florida operates that was demolished during the fourth quarter of our fiscal year 2016.

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SOURCE Flanigan's Enterprises, Inc.