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
ended October 1, 
2016


For the 14 weeks
ended October 3,
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
ended October 1,
2016


For the 53 weeks
ended October 3,
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.

 

SOURCE Flanigan's Enterprises, Inc.


Source: Flanigan's Enterprises, Inc.