Flanigan's Enterprises, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 01, 2023
May 16, 2023 at 02:42 pm EDT
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Flanigan's Enterprises, Inc. reported earnings results for the second quarter and six months ended April 01, 2023. For the second quarter, the company reported sales was USD 0.218 million compared to USD 0.199 million a year ago. Revenue was USD 43.8 million compared to USD 40.33 million a year ago. Net income was USD 1.9 million compared to USD 1.66 million a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 0.89 a year ago.
For the six months, sales was USD 0.431 million compared to USD 0.398 million a year ago. Revenue was USD 85.66 million compared to USD 77.73 million a year ago. Net income was USD 2.52 million compared to USD 3.22 million a year ago. Basic earnings per share from continuing operations was USD 1.36 compared to USD 1.73 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. 
