Flanigan's Enterprises, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended July 01, 2023
August 15, 2023 at 04:28 pm EDT
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Flanigan's Enterprises, Inc. reported earnings results for the third quarter and nine months ended July 01, 2023. For the third quarter, the company reported sales was USD 0.252 million compared to USD 0.213 million a year ago. Revenue was USD 45.37 million compared to USD 40.68 million a year ago. Net income was USD 1.61 million compared to USD 1.84 million a year ago. Basic earnings per share from continuing operations was USD 0.86 compared to USD 0.99 a year ago.
For the nine months, sales was USD 0.683 million compared to USD 0.611 million a year ago. Revenue was USD 131.04 million compared to USD 118.41 million a year ago. Net income was USD 4.13 million compared to USD 5.06 million a year ago. Basic earnings per share from continuing operations was USD 2.22 compared to USD 2.72 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. 
