FLANIGAN'S REPORTS EARNINGS

Rhea-AI Summary

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.

Positive

• Total revenues increased by $4.458 million year-over-year.
• Restaurant food and bar sales rose by $3.543 million.
• Package store sales grew by $892,000.

Negative

• Net income dropped to $624,000 from $1.564 million, a decline of 60%.

FORT LAUDERDALE, Fla., March 16, 2023 /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 December 31, 2022.  The table below sets forth the results on a comparative basis with the 13 weeks ended January 1, 2022.                                          

					13 Weeks Ended			13 Weeks Ended
REVENUES					December 31, 2022			January 1, 2022
RESTAURANT FOOD AND BAR SALES					$	31,755,000		$	28,212,000
PACKAGE STORE SALES						9,403,000			8,511,000
FRANCHISE RELATED REVENUES						459,000			446,000
RENTAL INCOME						213,000			199,000
OTHER OPERATING INCOME (LOSS)						31,000			35,000
TOTAL REVENUES					$	41,861,000		$	37,403,000
NET INCOME ATTRIBUTABLE TO
FLANIGAN'S ENTERPRISES, INC.					$	624,000		$	1,564,000
NET INCOME PER COMMON SHARE
	BASIC AND DILUTED				$	0.34		$	0.84

 

 

View original content:https://www.prnewswire.com/news-releases/flanigans-reports-earnings-301774595.html

SOURCE FLANIGAN'S ENTERPRISES, INC.

FAQ

What were Flanigan's Enterprises earnings results for Q4 2022?

Flanigan's reported total revenues of $41.861 million and a net income of $624,000 for Q4 2022.

How did Flanigan's revenue compare to the previous year?

Flanigan's revenue increased by $4.458 million compared to $37.403 million in Q4 2021.

What was the net income per share for Flanigan's in Q4 2022?

The net income per share for Q4 2022 was $0.34, down from $0.84 in the same quarter last year.

What were the main sources of revenue for Flanigan's in December 2022?

The main sources of revenue included restaurant food and bar sales at $31.755 million, and package store sales at $9.403 million.