Flanigan's Announces Earnings

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Feb 17, 2010, 02:45 ET

FORT LAUDERDALE, Fla., Feb. 17 /PRNewswire-FirstCall/ -- 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 ended January 2, 2010. The table below sets forth the results on a comparative basis with the 13 weeks ended December 27, 2008.

    
    
                                         For the 13            For the 13
                                        weeks ended            weeks ended
                                      January 2, 2010       December 27, 2008
    
    REVENUES
    --------
    RESTAURANT FOOD AND BAR SALES       $13,213,000           $12,573,000
    PACKAGE STORE SALES                   3,593,000             3,348,000
    FRANCHISE RELATED REVENUES              281,000               262,000
    OWNER'S FEE                              53,000                44,000
    OTHER OPERATING INCOME                   24,000                26,000
                                             ------                ------
    TOTAL REVENUES                      $17,164,000           $16,253,000
                                        ===========           ===========
    
    NET INCOME ATTRIBUTABLE
     TO FLANIGAN'S ENTERPRISES, INC.       $288,000           $172,000(1)
                                           ========            ==========
    NET INCOME PER COMMON
     SHARE
        BASIC                                 $0.15                 $0.09
                                              =====                 =====
        DILUTED                               $0.15                 $0.09
                                              =====                 =====
    
    (1) Includes after tax gain of $106,000 from payment of balance
     of claim in liquidation proceedings of former insurance company
     plus interest.

SOURCE Flanigan's Enterprises, Inc.