Flanigan's Reports Earnings
FORT LAUDERDALE, Fla., Dec. 29, 2016 /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, announced results for the 13 weeks and the 52 weeks ended October 1, 2016. The table below sets forth the results on a comparative basis with the 14 weeks and 53 weeks ended October 3, 2015.
For the 13 weeks | For the 14 weeks | ||
REVENUES | |||
RESTAURANT FOOD AND | |||
BAR SALES | $ 20,857,000 | $ 20,992,000 | |
PACKAGE STORE SALES | 3,506,000 | 3,494,000 | |
FRANCHISE RELATED REVENUES | 412,000 | 395,000 | |
RENTAL INCOME | 124,000 | 136,000 | |
OWNER'S FEE | 37,000 | 38,000 | |
OTHER OPERATING INCOME | 47,000 | 56,000 | |
TOTAL REVENUES | $ 24,983,000 | $ 25,111,000 | |
NET INCOME ATTRIBUTABLE | |||
TO FLANIGAN'S ENTERPRISES, INC | $ 395,000* | $ 788,000 | |
NET INCOME PER COMMON SHARE | |||
BASIC AND DILUTED | $ .21 | $ .43 | |
*includes after tax write-off of approximately $138,000 as the un-depreciated value of a small residence adjacent to the parking lot where our combination package liquor store and restaurant located at 4 N. Federal Highway, Hallandale Beach, Florida operates that was demolished during the fourth quarter of our fiscal year 2016. |
(Continued) | |||
For the 52 weeks | For the 53 weeks | ||
RESTAURANT FOOD AND | |||
BAR SALES | $ 85,446,000 | $ 81,502,000 | |
PACKAGE STORE SALES | 15,661,000 | 15,166,000 | |
FRANCHISE RELATED REVENUES | 1,584,000 | 1,537,000 | |
RENTAL INCOME | 552,000 | 541,000 | |
OWNER'S FEE | 150,000 | 163,000 | |
OTHER OPERATING INCOME | 225,000 | 212,000 | |
TOTAL REVENUES | $ 103,618,000 | $ 99,121,000 | |
NET INCOME ATTRIBUTABLE | |||
TO FLANIGAN'S ENTERPRISES, INC. | $ 3,040,000* | $ 3,461,000 | |
NET INCOME PER COMMON SHARE | |||
BASIC AND DILUTED | $ 1.64 | $ 1.86 | |
*includes after tax write-off of approximately $138,000 as the un-depreciated value of a small residence adjacent to the parking lot where our combination package liquor store and restaurant located at 4 N. Federal Highway, Hallandale Beach, Florida operates that was demolished during the fourth quarter of our fiscal year 2016. |
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SOURCE Flanigan's Enterprises, Inc.
