FLANIGAN'S ENTERPRISES, INC., 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, 2007.
For the 13 weeks For the 13 weeks
ended June 30, ended July 1,
2007 2006
---------------- ----------------
REVENUES
RESTAURANT FOOD AND
BAR REVENUES $ 11,979,000 $ 10,348,000
PACKAGE STORE REVENUES 3,037,000 3,036,000
FRANCHISE REVENUES 279,000 291,000
OWNER'S FEE 71,000 96,000
OTHER OPERATING REVENUE 41,000 80,000
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TOTAL REVENUES $ 15,407,000 $ 13,851,000
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NET PROFIT $ 427,000(1) $ 203,000
=============== ===============
NET INCOME PER
COMMON SHARE
Basic $ 0.23 $ 0.11
=============== ===============
Diluted $ 0.22 $ 0.11
=============== ===============
(1) includes after tax gain of $236,000 from sale of real property.
For the 39 weeks For the 39 weeks
ended June 30, ended July 1,
2007 2006
---------------- ----------------
RESTAURANT FOOD AND
BAR REVENUES $ 35,474,000 $ 30,109,000
PACKAGE STORE REVENUES 10,050,000 10,228,000
FRANCHISE REVENUES 887,000 837,000
OWNER'S FEE 151,000 171,000
OTHER OPERATING REVENUES 134,000 231,000
--------------- ---------------
TOTAL REVENUES $ 46,696,000 $ 41,576,000
=============== ===============
NET PROFIT $ 1,083,000(1) $ 1,147,000
=============== ===============
NET INCOME PER
COMMON SHARE
Basic $ 0.57 $ 0.61
=============== ===============
Diluted $ 0.57 $ 0.60
=============== ===============
(1) includes after tax gain of $270,000 from sale of real property.
