Flanigan's Enterprises, Inc. Reports Earnings Results for the Third Quarter Ended July 3, 2021
August 17, 2021 at 04:29 pm EDT
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Flanigan's Enterprises, Inc. announced earnings results for the third quarter ended July 3, 2021. For the third quarter, the company announced total revenue was USD 37.935 million compared to USD 23.663 million a year ago. Operating income was USD 2.609 million compared to operating loss of USD 732,000 a year ago. Net income was USD 7.199 million compared to net loss of USD 455,000 a year ago. Basic earnings per share from continuing operations was USD 3.87 compared to basic loss per share from continuing operations of USD 0.24 a year ago. For the nine months, total revenue was USD 103.672 million compared to USD 84.732 million a year ago. Operating income was USD 6.672 million compared to USD 2.016 million a year ago. Net income was USD 10.430 million compared to USD 687,000 a year ago. Basic earnings per share from continuing operations was USD 5.61 compared to USD 0.37 a year ago.
Flanigan's Enterprises, Inc. owns and operates restaurants and retail package liquor stores. The Company operates through two segments: package stores and restaurants. The operation of package stores consists of retail liquor sales and related items. The Company operates 30 units, consisting of restaurants, package liquor stores, a combination restaurant/package liquor stores, and a sports bar, which the Company either owns or has operational control over and partial ownership in; and franchises an additional five units, consisting of two restaurants, one of which it operates and three combination restaurant/package liquor stores. The Company operates its package liquor stores and restaurants under the service marks, Big Daddy's Liquors, Big Daddyâs Wine & Liquors, Flaniganâs Seafood Bar and Grill, and Flaniganâs. The Company also operates its sports bar under the service mark, Brendanâs Sports Pub.
FLANIGAN'S ENTERPRISES, INC. 
