FLANIGAN'S Reports Earnings

FORT LAUDERDALE, Fla., Aug. 21, 2020 /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, today announced results for the 13 weeks and the 39 weeks ended June 27, 2020.  The table below sets forth the results on a comparative basis with the 13 weeks and 39 weeks ended June 29, 2019. 

	For the 13 weeks		For the 13 weeks
	ended June 27,		ended June 29,
	2020		2019
REVENUES
RESTAURANT FOOD AND BAR SALES	$  16,144,000		$ 24,099,000
PACKAGE STORE SALES	7,099,000		4,752,000
FRANCHISE RELATED REVENUES	278,000		414,000
RENTAL INCOME	151,000		186,000
OTHER OPERATING INCOME (LOSS)	(9)		61,000
TOTAL REVENUES	$ 23,663,000		$  29,512,000
NET INCOME (LOSS) ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC.	$      (455,000)		$       968,000
NET INCOME (LOSS) PER COMMON SHARE BASIC AND DILUTED	$            (0.24)		$               0.52

 

	For the 39 weeks		For the 39 weeks
	ended June		ended June
	27, 2020		29, 2019
RESTAURANT FOOD AND BAR SALES	$  64,305,000		$  70,214,000
PACKAGE STORE SALES	18,833,000		14,979,000
FRANCHISE RELATED REVENUES	945,000		1,210,000
RENTAL INCOME	554,000		576,000
OTHER OPERATING INCOME	95,000		163,000
TOTAL REVENUES	$  84,732,000		$ 87,142,000
NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC	$       687,000		$   2,732,000
NET INCOME PER COMMON SHAREBASIC AND DILUTED	$             0.37		$           1.47

 

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SOURCE FLANIGAN'S ENTERPRISES, INC.

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