Flanigan's Announces Earnings

Rhea-AI Summary

Flanigan's Enterprises, Inc. (NYSE AMERICAN: BDL) reported a revenue increase for the 13 weeks ended April 3, 2021, totaling $34,357,000, compared to $30,128,000 in the same period last year. Restaurant food and bar sales rose to $25,739,000 from $23,528,000. For the 26 weeks, total revenues reached $65,737,000, up from $61,069,000. Net income attributable to Flanigan's surged to $2,451,000 for the quarter, translating to a net income per share of $1.32, compared to $0.35 a year prior.

Positive

• Total revenues for Q1 increased by 14.5% to $34,357,000.
• Net income for Q1 grew substantially to $2,451,000, compared to $648,000 last year.
• Net income per share increased to $1.32 from $0.35 in the prior year.

Negative

• None.

FORT LAUDERDALE, Fla., May 24, 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 and the 26 weeks ended  April 3, 2021.   The table below sets forth the results on a comparative basis with the 13 weeks and the 26 weeks ended March 28, 2020.

	For the 13 weeks  ended April 3, 2021		For the 13 weeks ended March 28, 2020
REVENUES
RESTAURANT FOOD AND
BAR SALES	$  25,739,000		$   23,528,000
PACKAGE STORE SALES	7,830,000		6,027,000
FRANCHISE RELATED REVENUES	422,000		307,000
RENTAL INCOME	226,000		209,000
OTHER OPERATING INCOME	140,000		57,000
TOTAL REVENUES	$ 34,357,000		$  30,128,000
NET  INCOME ATTRIBUTABLE TO
FLANIGAN'S ENTERPRISES, INC.	$    2,451,000		$       648,000
NET INCOME PER COMMON SHARE
BASIC AND DILUTED	$             1.32		$             0.35

 

	For the 26 weeks  ended April  3, 2021		For the 26 weeks ended March  28, 2020
RESTAURANT FOOD AND
BAR SALES	$  48,510,000		$  48,161,000
PACKAGE STORE SALES	15,841,000		11,734,000
FRANCHISE RELATED REVENUES	808,000		667,000
RENTAL INCOME	413,000		403,000
OTHER OPERATING INCOME	165,000		104,000
TOTAL REVENUES	$  65,737,000		$ 61,069,000
NET INCOME ATTRIBUTABLE TO
FLANIGAN'S ENTERPRISES, INC	$    3,231,000		$   1,142,000
NET INCOME PER COMMON SHARE
BASIC AND DILUTED	$             1.74		$           0.61

 

View original content:http://www.prnewswire.com/news-releases/flanigans-announces-earnings-301298132.html

SOURCE FLANIGAN'S ENTERPRISES, INC.

FAQ

What were Flanigan's Enterprises earnings results for Q1 2021?

Flanigan's Enterprises reported earnings of $2,451,000 for the 13 weeks ended April 3, 2021.

How did Flanigan's revenue performance compare year-over-year?

Flanigan's total revenues increased from $30,128,000 in Q1 2020 to $34,357,000 in Q1 2021.

What is the net income per share for Flanigan's Enterprises for Q1 2021?

The net income per share for Q1 2021 was $1.32.

What were the total revenues for the 26 weeks ended April 3, 2021?

Total revenues for the 26 weeks ended April 3, 2021, were $65,737,000.