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Flanigan's Enterprises Inc, incorporated in Florida in 1959, has grown into a notable chain of small cocktail lounges and package liquor stores across South Florida. Initially operating as 'Big Daddy's' lounges and package liquor stores, Flanigan's has expanded over the decades to include full restaurant services. By 1987, Flanigan's began adding full food services to its lounges, transforming them into popular dining destinations known for their relaxed and friendly atmosphere.
The company's business activities are divided into two main segments: Restaurant and Package Liquor Store segments. The Restaurant segment, operating under the name Flanigan's Seafood Bar and Grill, offers a range of menu options including prime rib, steaks, pasta, entree salads, burgers, a variety of sandwiches, and oversized signature desserts. This segment also serves alcoholic beverages, contributing significantly to the company's revenue.
The Package Liquor Store segment, operating under the name Big Daddy's, specializes in retail liquor sales and related items. These stores provide customers with a wide variety of brand name and private label merchandise at discount prices, emphasizing high-volume business.
Flanigan's has consistently reported its financial results, showcasing a stable performance. In the latest updates, the company announced its financial results for various periods, highlighting comparative data with previous years. Recent achievements include the results for:
- 13 weeks and 39 weeks ended July 1, 2023
- 52 weeks ended September 30, 2023
- 13 weeks ended December 30, 2023
- 13 weeks and 26 weeks ended March 30, 2024
Flanigan's Enterprises Inc continues to thrive by maintaining a strong presence in the restaurant and liquor retail segments, offering quality products and services at reasonable prices, and fostering a welcoming environment for its customers.
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.
Flanigan's Enterprises, Inc. (NYSE AMERICAN: BDL) reported financial results for the 14 and 53 weeks ending October 3, 2020. Total revenues decreased to $28.2 million in the 14 weeks compared to $29.1 million in the same period the previous year. For the full year, revenues fell to $113 million from $116.2 million in 2019. Net income attributable to Flanigan's was $423,000 for the quarter and $1.1 million for the year, down from $916,000 and $3.6 million, respectively. Earnings per share were $0.22 for the quarter and $0.60 for the year.
Flanigan's Enterprises, Inc. (NYSE AMERICAN: BDL) reported a decline in revenues for the 13 and 39 weeks ended June 27, 2020. Total revenues decreased to $23.66 million from $29.51 million year-over-year for the quarter, with a net loss of $455,000 compared to a net income of $968,000. For the year-to-date, total revenues fell to $84.73 million from $87.14 million, generating a net income of $687,000, down from $2.73 million. Notably, restaurant food and bar sales experienced a significant drop, highlighting the impact of the ongoing pandemic.
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