Flanigan's Announces Earnings

Rhea-AI Summary

Flanigan's Enterprises (NYSE AMERICAN: BDL) reported a total revenue of $31.38 million for the 13 weeks ended January 2, 2021, reflecting a modest increase compared to $30.94 million in the same period in 2019. Restaurant food and bar sales accounted for $22.77 million, down from $24.63 million. Package store sales rose significantly to $8.01 million from $5.71 million. Net income increased to $780,000 or $0.42 per share, compared to $494,000 or $0.27 per share in 2019. The results indicate a recovery trajectory amidst ongoing challenges.

Positive

• Total revenues increased to $31.38 million from $30.94 million year-over-year.
• Net income rose to $780,000, a significant increase from $494,000.

Negative

• Restaurant food and bar sales decreased to $22.77 million from $24.63 million.

FORT LAUDERDALE, Fla., Feb. 23, 2021 /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, today announced results for the 13 weeks ended January 2, 2021.   The table below sets forth the results on a comparative basis with the 13 weeks ended December 28, 2019.

		For the 13 weeks			For the 13 weeks
		ended January			ended December
		2, 2021			28, 2019
REVENUES
RESTAURANT FOOD AND
BAR SALES	$	22,771,000		$	24,633,000
PACKAGE STORE SALES		8,011,000			5,707,000
FRANCHISE RELATED REVENUES		386,000			360,000
RENTAL INCOME		187,000			194,000
OTHER OPERATING INCOME		25,000			47,000
		-------------			-----------------
TOTAL REVENUES	$	31,380,000		$	30,941,000
NET  INCOME ATTRIBUTABLE TO
FLANIGAN'S ENTERPRISES, INC.	$	780,000		$	494,000
NET INCOME PER COMMON SHARE
BASIC AND DILUTED	$	0.42		$	0.27

 

View original content:http://www.prnewswire.com/news-releases/flanigans-announces-earnings-301233940.html

SOURCE FLANIGAN'S ENTERPRISES, INC.

FAQ

What are Flanigan's Enterprises' latest earnings for Q1 2021?

Flanigan's Enterprises reported total revenues of $31.38 million and a net income of $780,000 for Q1 2021.

How did Flanigan's Enterprises perform compared to the previous year?

Total revenues increased from $30.94 million in Q1 2020 to $31.38 million in Q1 2021, while net income rose from $494,000 to $780,000.

What is the total revenue from restaurant sales for Flanigan's in Q1 2021?

Restaurant food and bar sales totaled $22.77 million in Q1 2021.

What is the net income per share for Flanigan's Enterprises for the latest quarter?

Net income per share for Flanigan's Enterprises in Q1 2021 was $0.42.