Flanigan's Enterprises, Inc. Reports Earnings Results for the Second Quarter Ended March 28, 2020
June 26, 2020 at 04:32 pm EDT
Share
Flanigan's Enterprises, Inc. announced earnings results for the second quarter ended March 28, 2020. For the second quarter, the company announced total revenue was USD 30.128 million compared to USD 29.736 million a year ago. Operating income was USD 1.517 million compared to USD 1.890 million a year ago. Net income was USD 648,000 compared to USD 1.021 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.55 a year ago. For the half year, total revenue was USD 61.069 million compared to USD 57.630 million a year ago. Operating income was USD 2.748 million compared to USD 2.545 million a year ago. Net income was USD 1.142 million compared to USD 1.764 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 0.95 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. 
