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Flanigan's Announces Earnings

2008-05-15

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Flanigans 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 March 29, 2008.

                                 For the 13 weeks           For the 13 weeks

                                  ended March 29,            ended March 31,

                                       2008                       2007

  REVENUES                       ----------------           ----------------

  --------

  RESTAURANT FOOD AND

   BEVERAGE REVENUES                  $13,266,000                $12,378,000

  PACKAGE STORE REVENUES                3,400,000                  3,531,000

  FRANCHISE REVENUES                      211,000                    308,000

  OWNER'S FEE                              49,000                     40,000

  OTHER OPERATING REVENUE                  57,000                     47,000

                                 ----------------           ----------------

  TOTAL REVENUES                      $16,983,000                $16,304,000

                                 ================           ================



  NET INCOME                             $470,000                   $332,000

                                 ================           ================



  NET INCOME PER COMMON SHARE

        Basic EPS                            $.25                       $.18

                                 ================           ================

        Diluted EPS                          $.25                       $.17

                                 ================           ================







                                 For the 26 weeks           For the 26 weeks

                                  ended March 29,            ended March 31,

                                       2008                       2007

                                 ----------------           ----------------

  RESTAURANT FOOD AND

   BEVERAGE REVENUES                  $25,303,000                $23,495,000

  PACKAGE STORE REVENUES                6,831,000                  7,013,000

  FRANCHISE REVENUES                      542,000                    608,000

  OWNER'S FEE                             115,000                     80,000

  OTHER OPERATING INCOME                   96,000                     93,000

                                 ----------------           ----------------



      TOTAL REVENUES                  $32,887,000                $31,289,000

                                 ================           ================

  NET INCOME                             $655,000                   $656,000

                                 ================           ================



  NET INCOME PER COMMON SHARE



        Basic EPS                            $.35                       $.35

                                 ================           ================

        Diluted EPS                          $.34                       $.34

                                 ================           ================