FLANIGAN'S REPORTS EARNINGS

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May 15, 2024

PR Newswire

FORT LAUDERDALE, Fla., May 15, 2024 /PRNewswire/ -- 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, announced results for the 13 weeks and the 26 weeks ended March 30, 2024. The table below sets forth the results on a comparative basis with the 13 weeks and the 26 weeks ended April 1, 2023.

13 Weeks Ended

13 Weeks Ended

REVENUES

March 30, 2024

April 1, 2023

RESTAURANT FOOD AND BAR SALES

$

37,096,000

$

34,394,000

PACKAGE STORE SALES

10,140,000

8,659,000

FRANCHISE RELATED REVENUES

445,000

484,000

RENTAL INCOME

313,000

218,000

OTHER OPERATING INCOME

75,000

48,000

TOTAL REVENUES

$

48,069,000

$

43,803,000

NET INCOME ATTRIBUTABLE TO

FLANIGAN'S ENTERPRISES, INC.

$

1,942,000

$

1,897,000

NET INCOME PER COMMON SHARE

BASIC AND DILUTED

$

$1.04

$

$1.02

26 Weeks Ended

26 Weeks Ended

March 30, 2024

April 1, 2023

RESTAURANT FOOD AND BAR SALES

$

70,914,000

$

66,149,000

PACKAGE STORE SALES

20,742,000

18,062,000

FRANCHISE RELATED REVENUES

863,000

943,000

RENTAL INCOME

566,000

431,000

OTHER OPERATING INCOME

124,000

79,000

TOTAL REVENUES

$

93,209,000

$

85,664,000

NET INCOME ATTRIBUTABLE TO

FLANIGAN'S ENTERPRISES, INC.

$

2,051,000

$

2,521,000

NET INCOME PER COMMON SHARE

BASIC AND DILUTED

$

$1.10

$

$1.36

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SOURCE FLANIGAN'S ENTERPRISES, INC.

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