FORT LAUDERDALE, Fla., Aug. 18 /PRNewswire-FirstCall/ -- FLANIGAN'S ENTERPRISES, INC., (NYSE Alternext US: 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 3, 2010. The table below sets forth the results on a comparative basis with the 13 weeks and 39 weeks ended June 27, 2009.
For the 13 weeks |
For the 13 weeks |
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ended July 3, |
ended June 27, |
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2010 |
2009 |
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REVENUES |
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RESTAURANT FOOD AND BAR SALES |
$14,111,000 |
$ 13,189,000 |
|
PACKAGE STORE SALES |
2,963,000 |
2,925,000 |
|
FRANCHISE RELATED REVENUES |
220,000 |
298,000 |
|
OWNER'S FEE |
42,000 |
40,000 |
|
OTHER OPERATING INCOME |
38,000 |
39,000 |
|
TOTAL REVENUES |
$17,374,000 |
$16,491,000 |
|
NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC. |
$426,000 |
$311,000(1) |
|
NET INCOME PER COMMON SHARE |
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Basic EPS |
$0.23 |
$0.17 |
|
Diluted EPS |
$0.23 |
$0.17 |
|
For the 39 weeks |
For the 39 weeks |
||
ended July 3, |
ended June 27, |
||
2010 |
2009 |
||
RESTAURANT FOOD AND BAR SALES |
$42,335,000 |
$39,628,000 |
|
PACKAGE STORE SALES |
10,151,000 |
9,788,000 |
|
FRANCHISE RELATED REVENUES |
756,000 |
842,000 |
|
OWNER'S FEE |
125,000 |
129,000 |
|
OTHER OPERATING INCOME |
109,000 |
114,000 |
|
TOTAL REVENUES |
$53,476,000 |
$50,501,000 |
|
NET INCOME ATTRIBUTABLE TO FLANIGAN'S ENTERPRISES, INC. |
$1,384,000 |
$1,167,000(2)(3) |
|
NET INCOME PER COMMON SHARE |
|||
Basic EPS |
$0.74 |
$0.62 |
|
Diluted EPS |
$0.74 |
$0.62 |
|
(1) Includes $18,000 adjustment to deferred tax asset. |
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(2) Includes $140,000 adjustment to deferred tax asset. |
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(3) Includes after tax gain of $106,000 from payment of balance of claim in liquidation proceedings of former insurance company plus interest. |
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SOURCE Flanigan's Enterprises, Inc.
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