Flanigan's Enterprises Reports Strong Earnings Growth

Flanigan's Enterprises Sees Promising Earnings Results

Flanigan's Enterprises, Inc. (NYSE AMERICAN: BDL), known for being the owner and operator of the highly regarded "Flanigan's Seafood Bar and Grill" and "Big Daddy's" retail liquor stores, has recently disclosed its earnings report for the period of 13 weeks and 26 weeks.

Performance Overview

The report compares results from the current 13 weeks ending March 29, 2025, to the same period of the previous year, March 30, 2024. Flanigan's continues to demonstrate robust performance, reflecting their adaptability and strong market presence within the restaurant and retail sectors.

Restaurant Food and Bar Sales

In the most recent quarter, Flanigan's restaurant food and bar sales reached an impressive $40,780,000, a notable increase from the $37,096,000 reported in the previous year. This growth is largely attributed to enhanced customer engagement and a diverse menu that appeals to a wide range of patrons.

Package Store Sales Growth

The sales from their package stores also experienced significant growth, amounting to $12,051,000 compared to $10,140,000 the prior year. This increase reflects a rising demand for retail liquor sales, particularly for their exclusive selections.

Franchise Revenues and Additional Income Streams

Flanigan's has also reported franchise-related revenues totaling $459,000 for the quarter, which is a slight increase from $445,000 in the previous year. The additional streams of income such as rental income and other revenues showcase the company's diverse business model.

Rental and Other Revenue Insights

The rental income for the recent quarter was documented at $273,000, exhibiting a slight decrease from $313,000 from the last year. Additionally, the other revenue generated reached $69,000, maintaining steady, although modest, contributions to overall earnings.

Understanding Total Revenue and Net Income

Overall, Flanigan's total revenues for the quarter amounted to $53,632,000, compared to $48,069,000 the previous year, indicating a strong upward trend. The net income attributable to Flanigan's Enterprises for the quarter stood at $2,690,000, showing an increase from $1,942,000 last year.

Per Share Analysis

On a per-share basis, the net income for basic and diluted shares has seen commendable growth, with earnings standing at $1.45 per common share as opposed to $1.04 from the previous year. This strong performance is indicative of the company’s sustainable growth strategy and operational efficiency.

Looking Ahead

Flanigan's success reinforces its prominence in the dining and retail sectors within the marketplace. As they continue to adapt and innovate, the company remains well-positioned to capitalize on trends and consumer preferences.

Final Remarks

This latest earnings report signals a promising outlook for Flanigan's Enterprises, Inc. With increasing sales and strong management strategies, they are well-prepared to navigate challenges and maintain momentum moving forward.

Frequently Asked Questions

What is Flanigan's Enterprises, Inc.?

Flanigan's Enterprises, Inc. operates restaurants and retail liquor stores, known for its seafood and casual dining experiences.

What were the latest earnings for Flanigan's?

The latest earnings report indicated total revenues of $53,632,000 for the recent quarter.

How did their restaurant sales perform?

Restaurant food and bar sales reached $40,780,000, marking an increase from the previous year's $37,096,000.

Is Flanigan's expanding its franchise operations?

Yes, Flanigan's reported franchise-related revenues of $459,000, indicating a growth in their franchise operations.

What is the net income for Flanigan's?

Flanigan's net income for the recent quarter was $2,690,000, an increase from the previous $1,942,000.

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