FORT LAUDERDALE, Fla.,
Aug. 15, 2018 /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
30, 2018. The table below sets forth the results on a
comparative basis with the 13 weeks and 39 weeks ended July 1, 2017.
|
For the 13
weeks
|
|
For the 13
weeks
|
|
ended June
30,
|
|
ended July
1,
|
|
2018
|
|
2017
|
|
|
|
|
REVENUES
|
|
|
|
|
|
|
|
RESTAURANT FOOD
AND
|
|
|
|
BAR SALES
|
$
23,322,000
|
|
$
22,218,000
|
PACKAGE STORE SALES
|
4,435,000
|
|
4,067,000
|
FRANCHISE RELATED
REVENUES
|
420,000
|
|
422,000
|
RENTAL
INCOME
|
156,000
|
|
151,000
|
OWNER'S
FEE
|
38,000
|
|
38,000
|
OTHER OPERATING
INCOME
|
65,000
|
|
71,000
|
|
|
|
|
TOTAL
REVENUES
|
$
28,436,000
|
|
$
26,967,000
|
|
|
|
|
|
|
|
|
NET INCOME
ATTRIBUTABLE
TO
|
$
1,043,000
|
|
$
842,000
|
FLANIGAN'S
ENTERPRISES,
INC.
|
|
|
|
|
|
|
|
NET INCOME PER COMMON
SHARE
|
|
|
|
BASIC AND
DILUTED
|
$
0.56
|
|
$
0.45
|
|
For the 39
weeks
|
|
For the 39
weeks
|
|
ended
June
|
|
ended July
|
|
30, 2017
|
|
1, 2017
|
RESTAURANT FOOD
AND
|
|
|
|
BAR SALES
|
$
69,963,000
|
|
$
66,086,000
|
PACKAGE STORE
SALES
|
14,314,000
|
|
12,936,000
|
FRANCHISE RELATED
REVENUES
|
1,243,000
|
|
1,208,000
|
RENTAL
INCOME
|
471,000
|
|
462,000
|
OWNER'S
FEE
|
113,000
|
|
113,000
|
OTHER OPERATING
INCOME
|
181,000
|
|
178,000
|
|
|
|
|
TOTAL
REVENUES
|
$
86,285,000
|
|
$
80,994,000
|
|
|
|
|
|
|
|
|
NET INCOME
ATTRIBUTABLE TO
|
$
3,061,000*
|
|
$
2,554,000
|
FLANIGAN'S
ENTERPRISES, INC
|
|
|
|
|
|
|
|
NET INCOME PER COMMON
SHARE
|
|
|
|
|
|
|
|
BASIC AND
DILUTED
|
$
1.65
|
|
$
1.37
|
|
|
|
|
*On December 22, 2017 the Tax Cuts
and Jobs Act ("The Act") was signed into law, reducing the
corporate income tax rate to 21%. Consequently, we recorded a
decrease of approximately $268,000 to
our net deferred tax asset, with a corresponding adjustment to
deferred income tax expense for the thirteen weeks ended
December 30, 2017.
View original
content:http://www.prnewswire.com/news-releases/flanigans-reports-3rd-quarter-earnings-300697940.html
SOURCE Flanigan's Enterprises, Inc.