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Flanigan's Enterprises Inc, incorporated in Florida in 1959, has grown into a notable chain of small cocktail lounges and package liquor stores across South Florida. Initially operating as 'Big Daddy's' lounges and package liquor stores, Flanigan's has expanded over the decades to include full restaurant services. By 1987, Flanigan's began adding full food services to its lounges, transforming them into popular dining destinations known for their relaxed and friendly atmosphere.
The company's business activities are divided into two main segments: Restaurant and Package Liquor Store segments. The Restaurant segment, operating under the name Flanigan's Seafood Bar and Grill, offers a range of menu options including prime rib, steaks, pasta, entree salads, burgers, a variety of sandwiches, and oversized signature desserts. This segment also serves alcoholic beverages, contributing significantly to the company's revenue.
The Package Liquor Store segment, operating under the name Big Daddy's, specializes in retail liquor sales and related items. These stores provide customers with a wide variety of brand name and private label merchandise at discount prices, emphasizing high-volume business.
Flanigan's has consistently reported its financial results, showcasing a stable performance. In the latest updates, the company announced its financial results for various periods, highlighting comparative data with previous years. Recent achievements include the results for:
- 13 weeks and 39 weeks ended July 1, 2023
- 52 weeks ended September 30, 2023
- 13 weeks ended December 30, 2023
- 13 weeks and 26 weeks ended March 30, 2024
Flanigan's Enterprises Inc continues to thrive by maintaining a strong presence in the restaurant and liquor retail segments, offering quality products and services at reasonable prices, and fostering a welcoming environment for its customers.
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.
Flanigan's Enterprises, owners of Flanigan's Seafood Bar and Grill and Big Daddy's retail liquor stores, has declared a cash dividend of 50 cents per share.
The dividend is for shareholders of record as of June 14, 2024, and will be payable on June 28, 2024.
This decision was made by the Board of Directors on May 23, 2024.
Flanigan's Enterprises (NYSE American: BDL) reported financial results for the 13 weeks and 26 weeks ending March 30, 2024, compared to the same periods ending April 1, 2023. For the 13-week period, total revenues increased to $48.07 million from $43.80 million, driven by growth in restaurant sales and package store sales. Net income rose slightly to $1.94 million from $1.90 million, with basic and diluted earnings per share (EPS) improving to $1.04 from $1.02.
For the 26-week period, total revenues grew to $93.21 million from $85.66 million. However, net income decreased to $2.05 million from $2.52 million, and EPS declined to $1.10 from $1.36. The report highlighted strong increases in restaurant and package store sales but noted a decline in franchise-related revenues.
FLANIGAN'S ENTERPRISES, INC. (BDL) reported financial results for the 13 weeks ending December 31, 2022. Total revenues reached $41.861 million, up from $37.403 million the previous year, marking a significant increase. Restaurant food and bar sales were $31.755 million, compared to $28.212 million in 2021. Package store sales also grew to $9.403 million, up from $8.511 million. Net income attributable to Flanigan's was $624,000 or $0.34 per share, a decline from $1.564 million or $0.84 per share year-over-year, indicating a drop in profitability despite revenue growth.
Flanigan's Enterprises, Inc. (BDL) announced it received a notice from the NYSE regarding non-compliance with timely filing requirements due to the late submission of its Quarterly Report on Form 10-Q for the quarter ending December 31, 2022. The Company has up to 12 months to regain compliance, with an initial six-month period being automatic. The NYSE notice does not currently affect the trading of the Company's securities, and Flanigan's intends to file the overdue report as soon as possible to meet compliance standards.
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