Flanigan's Announces Earnings

Jan 05, 2010, 11:07 ET from Flanigan's Enterprises, Inc.

FORT LAUDERDALE, Fla., Jan. 5 /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 14 weeks and the 53 weeks ended October 3, 2009. The table below sets forth the results on a comparative basis with the 13 weeks and 52 weeks ended September 27, 2008.


                                          For the 14
                                            weeks            For the 13 weeks
                                       ended October         ended September
                                              3, 2009                27, 2008
                                              -------                --------
    REVENUES
    --------

    RESTAURANT FOOD AND  BAR SALES        $13,351,000             $12,569,000
    PACKAGE STORE SALES                     2,844,000               2,644,000
    FRANCHISE RELATED REVENUES                284,000                 251,000
    OWNER'S FEE                                41,000                  55,000
    OTHER OPERATING INCOME                     39,000                  38,000
                                               ------                  ------
    TOTAL REVENUES                        $16,559,000             $15,557,000
                                          ===========             ===========

    NET  INCOME                              $222,000                 $66,000
                                             ========                 =======
    NET INCOME  PER COMMON SHARE
      BASIC                                     $0.12                   $0.03
                                                =====                   =====
      DILUTED                                   $0.12                   $0.03
                                                =====                   =====


                                          For the 53
                                            weeks            For the 52 weeks
                                       ended October         ended September
                                              3, 2009                27, 2008
                                              -------                --------
    RESTAURANT FOOD AND BAR SALES         $52,979,000             $50,400,000
    PACKAGE STORE SALES                    12,632,000              12,317,000
    FRANCHISE RELATED REVENUES              1,126,000               1,066,000
    OWNER'S FEE                               170,000                 238,000
    OTHER OPERATING INCOME                    153,000                 188,000
                                              -------                 -------
    TOTAL REVENUES                        $67,060,000             $64,209,000
                                          ===========
    NET INCOME                             $1,389,000    (1)       $1,057,000
                                           ==========              ==========
    NET INCOME PER COMMON SHARE

      BASIC EPS                                 $0.74                   $0.56
                                                =====                   =====

      DILUTED EPS                               $0.74                   $0.56
                                                =====                   =====

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

SOURCE Flanigan's Enterprises, Inc.



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http://www.flanigans.net