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Overview of Flanigan's Enterprises Inc (BDL)
Flanigan's Enterprises Inc is a diversified hospitality business renowned for its dual-segment model. Operating through a network of casual dining restaurants and high-volume retail liquor stores, the company embodies a unique blend of rich history and strategic evolution. With industry-specific expertise in retail liquor sales and restaurant service, Flanigan's has distinguished itself through decades of operational excellence within the competitive hospitality landscape.
Business Segments and Operational Excellence
The company is organized into two primary segments: the Restaurant Segment and the Package Liquor Store Segment. The Restaurant Segment delivers a comprehensive dining experience, offering a robust menu that includes prime rib, steaks, pasta, entree salads, burgers, sandwiches, and oversized signature desserts. Its full food service is complemented by a relaxed, welcoming atmosphere that caters to diverse customer tastes. Meanwhile, the Package Liquor Store Segment specializes in high-volume retail operations, providing an expansive selection of brand name and private label alcoholic beverages at discount prices. This dual approach not only caters to varying consumer preferences but also creates synergy across the hospitality spectrum.
Historical Evolution and Market Position
Incorporated in Florida in 1959, Flanigan's began as a chain of small cocktail lounges and package liquor stores in South Florida. The brand evolved from its early days into a formidable player in the hospitality industry by expanding its operations across Florida and into other Sun Belt states. The transformation continued through the late 1980s when the company enhanced its lounges with full restaurant food service, reflecting a deliberate strategy to diversify revenue streams. This historical evolution underpins the company’s market position as an established hospitality provider renowned for its balanced emphasis on quality service and volume-driven retail operations.
Service Philosophy and Customer Experience
Central to Flanigan's operational model is its commitment to delivering a consistently engaging customer experience. The restaurant venues prioritize a friendly, casual dining environment where generous portion sizes, diverse menu options, and competitively priced meals encourage repeat patronage. In parallel, the retail liquor stores focus on providing a customer-focused shopping experience, where a vast array of products ensures that both brand loyalists and price-sensitive buyers find value. Such a customer-centric approach reflects deep industry insights and has helped maintain the company’s relevance and reputation in a competitive marketplace.
Industry Keywords and Strategic Differentiation
From an industry standpoint, Flanigan's seamlessly integrates elements of hospitality management, retail distribution, and casual dining into its operational framework. The company’s longstanding presence and consistent performance underscore its operational resilience. Its balanced focus on both dining and retail operations differentiates it from competitors that may concentrate solely on one market segment. This strategic differentiation is particularly evident in how the company leverages high-volume retail practices alongside a rich culinary offering, thus addressing diverse consumer needs without compromising on quality.
Operational Strengths and Expertise
Flanigan's demonstrates deep operational expertise through its refined processes and the stark clarity in its value proposition. By catering specifically to the South Florida market and other key Sun Belt regions, the company has tailored its services to local demographics while still maintaining a broader appeal. The emphasis on efficient service, quality assurance, and an intuitive dining environment reflects years of accrued industry knowledge and a commitment to best practices in hospitality. This expertise, combined with a clear brand identity and diversified operations, underlines Flanigan's role as a significant player in the market.
Conclusion
In summary, Flanigan's Enterprises Inc is a well-established company with a rich history of innovation and evolution in the hospitality sector. Its dual business model, encompassing both full-service restaurants and high-volume retail liquor stores, is designed to deliver broad consumer appeal and operational efficiency. Investors and industry observers can appreciate the company’s unwavering focus on quality, service, and a balanced approach to market needs, making it a subject of interest for detailed analysis in the dynamic landscape of hospitality and retail liquor sales.
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.
Flanigan's Enterprises, Inc. (BDL) announced it received a notice from the NYSE regarding non-compliance with timely filing requirements due to the late submission of its Quarterly Report on Form 10-Q for the quarter ending December 31, 2022. The Company has up to 12 months to regain compliance, with an initial six-month period being automatic. The NYSE notice does not currently affect the trading of the Company's securities, and Flanigan's intends to file the overdue report as soon as possible to meet compliance standards.
FLANIGAN'S ENTERPRISES, INC. (NYSE AMERICAN: BDL) reported its earnings for the 13 and 52 weeks ending October 1, 2022. For the 13 weeks, total revenues increased to $39.72 million from $33.64 million in the previous year. Restaurant food and bar sales rose to $31.64 million, while package store sales climbed to $7.41 million.
Net income for the quarter was $1.25 million compared to $1.35 million the previous year. For the 52 weeks, total revenues also surged to $158.13 million from $137.31 million, yet net income dropped to $6.31 million from $11.78 million.
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.
Flanigan's Enterprises, owners of Flanigan's Seafood Bar and Grill and Big Daddy's retail liquor stores, reported financial results for the 13 and 26 weeks ending April 2, 2022. The company achieved total revenues of $40.33 million for the 13 weeks and $77.73 million for the 26 weeks, a notable increase from $34.36 million and $65.74 million respectively in the prior year. Net income for the latest 13 weeks was $1.66 million or $0.89 per share, down from $2.45 million or $1.32 per share last year, indicating a need for improved profitability.
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.
Flanigan's Enterprises (NYSE AMERICAN: BDL) reported financial results for the 13 and 52 weeks ended October 2, 2021, highlighting significant revenue growth. Restaurant sales increased to $27.7 million from $20.3 million, while total revenues for the 52 weeks rose to $137.3 million from $113 million. Net income attributable to Flanigan's reached $11.8 million, or $6.34 per share, compared to $1.11 million, or $0.60 per share in the prior year. The company indicated a strong recovery in the restaurant segment, positioning itself well for future growth.
FLANIGAN'S ENTERPRISES, INC. (NYSE AMERICAN: BDL) reported strong financial results for the 13 weeks and 39 weeks ending July 3, 2021. Total revenues reached $37,935,000 for the 13-week period, a notable increase from $23,663,000 in the same period of 2020, driven by restaurant food and bar sales of $29,101,000. For the 39-week period, total revenues were $103,672,000, compared to $84,732,000 last year. The company posted a net income of $7,199,000 for the latest quarter, versus a loss of $455,000 in the prior year, resulting in earnings per share of $3.87.
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.
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.
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