Flanigan's Reports 3rd Quarter Earnings

Aug 16, 2011, 17:10 ET from Flanigan's Enterprises, Inc.

FORT LAUDERDALE, Fla.,  Aug. 16, 2011  /PRNewswire/ --  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, today announced results for the 13 weeks and the 39 weeks ended July 2, 2011.  The table below sets forth the results on a comparative  basis  with  the 13 weeks and 39 weeks ended July 3, 2010.  



For the 13 weeks


For the 13 weeks


ended July 2,


ended July 3,


2011


2010

REVENUES








RESTAURANT FOOD AND




      BAR SALES

$14,670,000


$14,111,000

PACKAGE STORE SALES

3,117,000


2,963,000

FRANCHISE RELATED REVENUES

233,000


220,000

OWNER'S FEE

39,000


42,000

OTHER OPERATING INCOME

61,000


38,000





TOTAL REVENUES

$18,120,000


$17,374,000





NET INCOME ATTRIBUTABLE TO

$ 345,000


$426,000

FLANIGAN'S ENTERPRISES, INC.








NET INCOME PER COMMON SHARE




      Basic and Diluted

$0.19


$      0.23









For the 39 weeks


For the 39 weeks


ended July


ended July


2, 2011


3, 2010

RESTAURANT FOOD AND




      BAR SALES

$43,732,000


$42,335,000

PACKAGE STORE SALES

10,321,000


10,151,000

FRANCHISE RELATED REVENUES

736,000


756,000

OWNER'S FEE

123,000


125,000

OTHER OPERATING INCOME

160,000


109,000

TOTAL REVENUES

$55,072,000


$53,476,000





NET INCOME ATTRIBUTABLE TO

$1,430,000(1)


$1,384,000

FLANIGAN'S ENTERPRISES, INC.                          








NET INCOME PER COMMON SHARE








      Basic and Diluted

$       0.77


$     0.74









(1) Includes after tax gain of $162,000 from sale of guaranteed leasehold interest.



SOURCE Flanigan's Enterprises, Inc.



RELATED LINKS

http://www.flanigans.net