FLANIGAN'S ENTERPRISES, INC. FORT LAUDERDALE, Fla., Dec. 29, 2016 /PRNewswire/ -- 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, announced results for the 13 weeks and the 52 weeks ended October 1, 2016. The table below sets forth the results on a comparative basis with the 14 weeks and 53 weeks ended October 3, 2015.
For the 13 weeks For the 14 weeks
ended October 1, ended October 3,
2016 2015
---- ----
REVENUES
--------
RESTAURANT FOOD AND
BAR SALES $20,857,000 $20,992,000
PACKAGE STORE SALES 3,506,000 3,494,000
FRANCHISE RELATED
REVENUES 412,000 395,000
RENTAL INCOME 124,000 136,000
OWNER'S FEE 37,000 38,000
OTHER OPERATING INCOME 47,000 56,000
------ ------
TOTAL REVENUES $24,983,000 $25,111,000
=========== ===========
NET INCOME
ATTRIBUTABLE
TO FLANIGAN'S
ENTERPRISES, INC $ 395,000* $788,000
============= ========
NET INCOME PER COMMON
SHARE
BASIC AND DILUTED $.21 $.43
==== ====
*includes after tax write-off of
approximately $138,000 as the un-
depreciated value of a small
residence adjacent to the parking
lot where our combination package
liquor store and restaurant
located at 4 N. Federal Highway,
Hallandale Beach, Florida
operates that was demolished
during the fourth quarter of our
fiscal year 2016.
(Continued)
For the 52 weeks For the 53 weeks
ended October 1, ended October 3,
2016 2015
---- ----
RESTAURANT FOOD AND
BAR SALES $85,446,000 $81,502,000
PACKAGE STORE SALES 15,661,000 15,166,000
FRANCHISE RELATED
REVENUES 1,584,000 1,537,000
RENTAL INCOME 552,000 541,000
OWNER'S FEE 150,000 163,000
OTHER OPERATING INCOME 225,000 212,000
------- -------
TOTAL REVENUES $103,618,000 $99,121,000
============ ===========
NET INCOME ATTRIBUTABLE
TO FLANIGAN'S
ENTERPRISES, INC. $ 3,040,000* $3,461,000
=============== ==========
NET INCOME PER COMMON
SHARE
BASIC AND DILUTED $1.64 $1.86
===== =====
*includes after tax write-off of
approximately $138,000 as the un-
depreciated value of a small
residence adjacent to the parking
lot where our combination package
liquor store and restaurant
located at 4 N. Federal Highway,
Hallandale Beach, Florida
operates that was demolished
during the fourth quarter of our
fiscal year 2016.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/flanigans-reports-earnings-300384080.html
SOURCE Flanigan's Enterprises, Inc.
