Economy Mélange

Flanigan’s Announces Earnings

FLANIGAN’S ENTERPRISES, INC., (NYSE  AMERICAN: 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 26 weeks ended  April 3, 2021.   The table below sets forth the results on a comparative basis with the 13 weeks and the 26 weeks ended March 28, 2020.

For the 13 weeks

ended April

3, 2021

For the 13 weeks

ended March

28, 2020

REVENUES

RESTAURANT FOOD AND                                                       

     BAR SALES  

$  25,739,000

$   23,528,000

PACKAGE STORE SALES                                          

7,830,000

6,027,000

FRANCHISE RELATED REVENUES                           

422,000

307,000

RENTAL INCOME                                                          

226,000

209,000

OTHER OPERATING INCOME                                     

140,000

57,000

TOTAL REVENUES                                                

$ 34,357,000

$  30,128,000

NET  INCOME ATTRIBUTABLE TO                                           

FLANIGAN’S ENTERPRISES, INC.                     

$    2,451,000

$       648,000

NET INCOME PER COMMON SHARE

     BASIC AND DILUTED                              

$             1.32

$             0.35

For the 26 weeks

ended April

3, 2021

For the 26 weeks

ended March

28, 2020

RESTAURANT FOOD AND

     BAR SALES                                                 

$  48,510,000

$  48,161,000

PACKAGE STORE SALES                                         

15,841,000

11,734,000

FRANCHISE RELATED REVENUES                           

808,000

667,000

RENTAL INCOME                                                           

413,000

403,000

OTHER OPERATING INCOME                                      

165,000

104,000

TOTAL REVENUES                                                

$  65,737,000

$ 61,069,000

NET INCOME ATTRIBUTABLE TO                      

FLANIGAN’S ENTERPRISES, INC                        

$    3,231,000

$   1,142,000

NET INCOME PER COMMON SHARE

  BASIC AND DILUTED                            

$             1.74

$           0.61

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