FORT LAUDERDALE, Fla., May 18 /PRNewswire-FirstCall/ -- FLANIGAN'S ENTERPRISES, INC., 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 April 3, 2010. The table below sets forth the results on a comparative basis with the 13 weeks and 26 weeks ended March 28, 2009.
For the 13 For the 13 weeks ended weeks ended April 3, March 28, 2010 2009 REVENUES -------- RESTAURANT FOOD AND BAR SALES $15,011,000 $13,866,000 PACKAGE STORE SALES 3,595,000 3,515,000 FRANCHISE RELATED REVENUES 255,000 282,000 OWNER'S FEE 30,000 45,000 OTHER OPERATING INCOME 47,000 49,000 ------ ------ TOTAL REVENUES $18,938,000 $17,757,000 =========== =========== NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC $670,000 $684,000(1) ======== ========== NET INCOME PER COMMON SHARE BASIC EPS $.36 $.37 ==== ==== DILUTED EPS $.36 $.37 ==== ==== For the 26 For the 26 weeks ended weeks ended April 3, March 28, 2010 2009 RESTAURANT FOOD AND BAR SALES $28,224,000 $26,439,000 PACKAGE STORE SALES 7,188,000 6,863,000 FRANCHISE RELATED REVENUES 536,000 544,000 OWNER'S FEE 83,000 89,000 OTHER OPERATING INCOME 71,000 75,000 ------ ------ TOTAL REVENUES $36,102,000 $34,010,000 =========== =========== NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC. $958,000 $856,000(1)(2) ======== ============= NET INCOME PER COMMON SHARE BASIC EPS $.51 $.46 ==== ==== DILUTED EPS $.51 $.46 ==== ==== (1) Includes $122,000 adjustment to deferred tax asset. (2) Includes after tax gain of $106,000 from payment of balance of claim in liquidation proceedings of former insurance company plus interest.
Flanigan's Enterprises, Inc.
CONTACT: James G. Flanigan, President, +1-954-377-1961
Web Site: http://www.flanigans.net/
