Flanigan's Reports 3rd Quarter Earnings

2006-08-16
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  • Flanigans Flanigan's Enterprises, Inc. (AMEX: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 July 1, 2006.

                                                    For the        For the
    13 weeks 13 weeks
    ended July 1, ended July 2,
    2006 2005
    ------------- -------------
    REVENUES
    --------

    RESTAURANT FOOD AND
    BEVERAGE REVENUES $10,348,000 $9,191,000

    PACKAGE GOODS REVENUES 3,036,000 2,718,000
    FRANCHISE REVENUES 291,000 242,000
    OWNER'S FEE 96,000 123,000
    OTHER OPERATING REVENUE 80,000 68,000
    ---------- ----------
    TOTAL REVENUES $13,851,000 $12,342,000
    =========== ===========

    Net Profit $203,000 $499,000
    =========== ===========
    NET INCOME (LOSS) PER COMMON SHARE

    BASIC EPS $0.11 $0.26
    =========== ==========
    Diluted EPS $0.11 $0.26
    =========== ==========



    For the For the
    39 weeks 39 weeks
    ended July 1, ended July 2,
    2006 2005
    ------------- -------------
    RESTAURANT FOOD AND
    BEVERAGE REVENUES $30,109,000 $26,427,000

    PACKAGE GOODS REVENUES 10,228,000 9,127,000
    FRANCHISE REVENUES 837,000 754,000
    OWNER'S FEE 123,000 198,000
    OTHER OPERATING REVENUES 68,000 110,000
    ---------- ----------
    TOTAL REVENUES $41,576,000 $36,616,000
    =========== ===========

    NET PROFIT $1,147,000 $1,066,000
    =========== ===========

    NET INCOME PER COMMON SHARE

    Basic EPS $0.61 $0.56
    ============ ==========
    Diluted EPS $0.60 $0.55
    ============ ==========



    Logos, product and company names mentioned are the property of their respective owners.

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