FLANIGAN'S Reports 3rd Quarter Earnings

FORT LAUDERDALE, Fla., Aug. 15, 2012 /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 June 30, 2012.  The table below sets forth the results on a comparative basis with the 13 weeks and 39 weeks ended July 2, 2011.

 


For the 13 weeks


For the 13 weeks


ended June 30,


ended July 2,


2012


2011

REVENUES








RESTAURANT FOOD AND BAR SALES

$  15,871,000


$ 14,670,000

PACKAGE STORE SALES               

3,050,000


3,117,000

FRANCHISE RELATED REVENUES              

245,000


233,000

RENTAL INCOME                                   

140,000


--

OWNER'S FEE                                             

38,000


39,000

OTHER OPERATING INCOME                        

38,000


61,000

TOTAL REVENUES                 

$ 19,382,000


$  18,120,000





NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC.       

$       236,000


$      345,000





NET INCOME PER COMMON SHARE BASIC AND DILUTED

$             0.13


$            0.19










For the 39 weeks


For the 39 weeks


ended June


ended July


30, 2012


2, 2011





RESTAURANT FOOD AND BAR SALES                 

$  47,184,000


$  43,732,000

PACKAGE STORE SALES                    

10,407,000


10,321,000

FRANCHISE RELATED REVENUES             

756,000


736,000

RENTAL INCOME                                    

333,000


--

OWNER'S FEE                                      

120,000


123,000

OTHER OPERATING INCOME                

115,000


160,000

TOTAL REVENUES                       

$  58,915,000


$ 55,072,000





NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC.     

$    1,081,000


$ 1,430,000(1)





NET INCOME PER COMMON SHARE BASIC AND DILUTED        

$             0.58


$           0.77





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



 

 

 

SOURCE FLANIGAN'S ENTERPRISES, INC.

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