Flanigan's Announces Earnings, Declares Dividend

Dec 29, 2010, 12:43 ET from Flanigan's Enterprises, Inc.

FORT LAUDERDALE, Fla., Dec. 29, 2010 /PRNewswire-FirstCall/ -- FLANIGAN'S ENTERPRISES, INC., (NYSE Alternext US: 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 52 weeks ended  October 2, 2010.  The table below sets forth the results on a comparative basis with the 14 weeks and 53 weeks ended October 3, 2009.  On December 22, 2010, the Board of  Directors declared a cash dividend of 10 cents per share to shareholders of record on January 7, 2011, payable on January 18, 2011.



For the 13 weeks


For the 14 weeks


ended October


ended October


2, 2010


3, 2009

REVENUES








RESTAURANT FOOD AND




BAR SALES

$ 13,382,000


$  13,351,000

PACKAGE STORE SALES

2,747,000


2,844,000

FRANCHISE RELATED REVENUES

320,000


284,000

OWNER'S FEE

40,000


41,000

OTHER OPERATING INCOME

28,000


39,000





TOTAL REVENUES

$  16,517,000


$  16,559,000





NET  INCOME ATTRIBUTABLE TO




FLANIGAN'S ENTERPRISES, INC.

$      295,000


$       222,000





NET INCOME  PER COMMON SHARE




BASIC EPS

$ 0.16


$           0.12





DILUTED EPS

$             0.16


$           0.12





For the 52 weeks


For the 53 weeks


ended October


ended October


2, 2010


3, 2009

RESTAURANT FOOD AND




BAR SALES

$ 55,717,000


$   52,979,000

PACKAGE STORE SALES

12,898,000


12,632,000

FRANCHISE RELATED REVENUES

1,076,000


1,126,000

OWNER'S FEE

165,000


170,000

OTHER OPERATING INCOME

137,000


153,000





TOTAL REVENUES

$ 69,993,000


$ 67,060,000





NET INCOME ATTRIBUTABLE TO




FLANIGAN'S ENTERPRISES, INC.

$     1,679,000


$  1,389,000(1)(2)





NET INCOME PER COMMON SHARE








 BASIC EPS

$           0.90


$             0.74





 DILUTED EPS

$0.90


$           0.74





(1) Includes after tax gain of $106,000 from payment of balance of claim in liquidation proceedings of former insurance company plus interest.


(2) Includes $140,000 adjustment to deferred tax asset.



SOURCE Flanigan's Enterprises, Inc.



RELATED LINKS

http://www.flanigans.net