FLANIGAN'S REPORTS EARNINGS; DECLARES DIVIDEND

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Mar 02, 2022, 23:39 ET

FORT LAUDERDALE, Fla., March 2, 2022 /PRNewswire/ -- FLANIGAN'S ENTERPRISES, INC., (NYSE AMERICAN: BDL) owners and operators of the "Flanigan's Seafood Bar and Grill" restaurants and "Big Daddy's" retail liquor storey today announced results for the 13 weeks ended January 1, 2022. The table below sets forth the results on a comparative basis with the 13 weeks ended January 2, 2021. On February 25, 2022, the Board of Directors declared a cash dividend of One Dollar ($1.00) per share to shareholders of record on March 31, 2022, payable on April 19, 2022.

		13 Weeks Ended		13 Weeks Ended
REVENUES		January 1, 2022		January 2, 2021

RESTAURANT FOOD AND BAR SALES		$	28,212,000	$	22,771,000
PACKAGE STORE SALES			8,511,000		8,011,000
FRANCHISE RELATED REVENUES			446,000		386,000
RENTAL INCOME			199,000		187,000
OTHER OPERATING INCOME (LOSS)			35,000		25,000
TOTAL REVENUES		$	37,403,000	$	31,380,000

NET INCOME ATTRIBUTABLE TO
FLANIGAN'S ENTERPRISES, INC.		$	1,564,000	$	780,000

NET INCOME PER COMMON SHARE
	BASIC AND DILUTED	$	0.84	$	0.42