FLANIGAN'S REPORTS EARNINGS
Flanigan's Enterprises, Inc. (NYSE AMERICAN: BDL) reported notable financial performance for the 13 and 39 weeks ended July 2, 2022. Total revenues reached $40.675 million for the quarter, up from $37.935 million in the same period last year. Restaurant food and bar sales increased to $32.329 million, compared to $29.101 million in 2021. Net income for the quarter was $1.835 million, a decrease from $7.199 million year-over-year, leading to a net income per share of $0.99, down from $3.87.
- Restaurant food and bar sales increased to $32.329 million, up from $29.101 million year-over-year.
- Total revenues for the quarter rose to $40.675 million, compared to $37.935 million last year.
- Net income decreased to $1.835 million, down from $7.199 million in the prior year.
- Net income per share fell to $0.99, down from $3.87 year-over-year.
FORT LAUDERDALE, Fla., Aug. 22, 2022 /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 39 weeks ended July 2, 2022. The table below sets forth the results on a comparative basis with the 13 weeks and 39 weeks ended July 3, 2021.
13 Weeks Ended | 13 Weeks Ended | |||||||||
REVENUES | July 2, 2022 | July 3, 2021 | ||||||||
RESTAURANT FOOD AND BAR SALES | $ | 32,329,000 | $ | 29,101,000 | ||||||
PACKAGE STORE SALES | 7,626,000 | 8,082,000 | ||||||||
FRANCHISE RELATED REVENUES | 460,000 | 444,000 | ||||||||
RENTAL INCOME | 213,000 | 250,000 | ||||||||
OTHER OPERATING INCOME (LOSS) | 47,000 | 58,000 | ||||||||
TOTAL REVENUES | $ | 40,675,000 | $ | 37,935,000 | ||||||
NET INCOME ATTRIBUTABLE TO | ||||||||||
FLANIGAN'S ENTERPRISES, INC. | $ | 1,835,000 | $ | 7,199,000 | ||||||
NET INCOME PER COMMON SHARE | ||||||||||
BASIC AND DILUTED | $ | 0.99 | $ | 3.87 | ||||||
39 Weeks Ended | 39 Weeks Ended | |||||||||
July 2, 2022 | July 3, 2021 | |||||||||
RESTAURANT FOOD AND BAR SALES | $ | 91,985,000 | $ | 77,611,000 | ||||||
PACKAGE STORE SALES | 24,285,000 | 23,923,000 | ||||||||
FRANCHISE RELATED REVENUES | 1,384,000 | 1,252,000 | ||||||||
RENTAL INCOME | 611,000 | 663,000 | ||||||||
OTHER OPERATING INCOME | 143,000 | 223,000 | ||||||||
TOTAL REVENUES | $ | 118,408,000 | $ | 103,672,000 | ||||||
NET INCOME ATTRIBUTABLE TO | ||||||||||
FLANIGAN'S ENTERPRISES, INC. | $ | 5,059,000 | $ | 10,430,000 | ||||||
NET INCOME PER COMMON SHARE | ||||||||||
BASIC AND DILUTED | $ | 2.72 | $ | 5.61 | ||||||
View original content:https://www.prnewswire.com/news-releases/flanigans-reports-earnings-301610042.html
SOURCE FLANIGAN'S ENTERPRISES, INC.
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