FORT LAUDERDALE, Fla., May 18 /PRNewswire-FirstCall/ -- FLANIGAN'S ENTERPRISES, INC., (Amex: BDL) owners and operators of the "Flanigan's Seafood Bar and Grill" restaurants and "Big Daddy's" retail liquor stores, announced results for the 13 weeks and the 26 weeks ended April 3, 2010. The table below sets forth the results on a comparative basis with the 13 weeks and 26 weeks ended March 28, 2009.
For the 13 weeks ended April 3, 2010 |
For the 13 weeks ended March 28, 2009 |
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REVENUES |
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RESTAURANT FOOD AND BAR SALES |
$ 15,011,000 |
$ 13,866,000 |
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PACKAGE STORE SALES |
3,595,000 |
3,515,000 |
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FRANCHISE RELATED REVENUES |
255,000 |
282,000 |
||
OWNER'S FEE |
30,000 |
45,000 |
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OTHER OPERATING INCOME |
47,000 |
49,000 |
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TOTAL REVENUES |
$ 18,938,000 |
$ 17,757,000 |
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NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC |
$ 670,000 |
$ 684,000(1) |
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NET INCOME PER COMMON SHARE |
||||
BASIC EPS |
$ .36 |
$ .37 |
||
DILUTED EPS |
$ .36 |
$ .37 |
||
For the 26 weeks ended April 3, 2010 |
For the 26 weeks ended March 28, 2009 |
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RESTAURANT FOOD AND BAR SALES |
$ 28,224,000 |
$ 26,439,000 |
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PACKAGE STORE SALES |
7,188,000 |
6,863,000 |
||
FRANCHISE RELATED REVENUES |
536,000 |
544,000 |
||
OWNER'S FEE |
83,000 |
89,000 |
||
OTHER OPERATING INCOME |
71,000 |
75,000 |
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TOTAL REVENUES |
$ 36,102,000 |
$ 34,010,000 |
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NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC. |
$ 958,000 |
$ 856,000(1)(2) |
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NET INCOME PER COMMON SHARE |
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BASIC EPS |
$ .51 |
$ .46 |
||
DILUTED EPS |
$ .51 |
$ .46 |
||
(1) Includes $122,000 adjustment to deferred tax asset. (2) Includes after tax gain of $106,000 from payment of balance of claim in liquidation proceedings of former insurance company plus interest. |
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SOURCE Flanigan's Enterprises, Inc.
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