FLANIGAN'S REPORTS EARNINGS; DECLARES DIVIDEND

Rhea-AI Summary

FLANIGAN'S ENTERPRISES, INC. (NYSE AMERICAN: BDL) reported a strong performance for the 13 weeks ending January 1, 2022, with total revenues of $37.4 million, up from $31.4 million in the previous year. Restaurant food and bar sales reached $28.2 million, a significant increase from $22.8 million. The company declared a cash dividend of $1.00 per share, payable on April 19, 2022, to shareholders of record on March 31, 2022. Net income attributable to Flanigan's was $1.564 million, resulting in a net income per share of $0.84.

Positive

• Total revenues increased to $37.4 million, up from $31.4 million.
• Net income attributable to Flanigan's was $1.564 million, compared to $780,000 last year.
• Declared a cash dividend of $1.00 per share.

Negative

• None.

FORT LAUDERDALE, Fla., March 2, 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 storey today announced results for the 13 weeks ended January 1, 2022. The table below sets forth the results on a comparative basis with the 13 weeks ended January 2, 2021. On February 25, 2022, the Board of Directors declared a cash dividend of One Dollar ($1.00) per share to shareholders of record on March 31, 2022, payable on April 19, 2022.

					13 Weeks Ended			13 Weeks Ended
REVENUES					January 1, 2022			January 2, 2021
RESTAURANT FOOD AND BAR SALES					$	28,212,000		$	22,771,000
PACKAGE STORE SALES						8,511,000			8,011,000
FRANCHISE RELATED REVENUES						446,000			386,000
RENTAL INCOME						199,000			187,000
OTHER OPERATING INCOME (LOSS)						35,000			25,000
TOTAL REVENUES					$	37,403,000		$	31,380,000
NET INCOME ATTRIBUTABLE TO
FLANIGAN'S ENTERPRISES, INC.					$	1,564,000		$	780,000
NET INCOME PER COMMON SHARE
	BASIC AND DILUTED				$	0.84		$	0.42

 

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SOURCE FLANIGAN'S ENTERPRISES, INC.

FAQ

What are the Q1 2022 earnings results for Flanigan's Enterprises (BDL)?

Flanigan's Enterprises reported total revenues of $37.4 million and net income of $1.564 million for Q1 2022.

What is the cash dividend declared by Flanigan's Enterprises (BDL) for 2022?

Flanigan's declared a cash dividend of $1.00 per share, payable on April 19, 2022.

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

The company's revenues increased significantly from $31.4 million in the previous year to $37.4 million in Q1 2022.

What was the net income per share for Flanigan's Enterprises (BDL) in Q1 2022?

The net income per share for Q1 2022 was $0.84.