PRESS RELEASE

 

 

FOR:               FLANIGAN'S ENTERPRISES, INC.

 

FROM:           JAMES G. FLANIGAN, PRESIDENT

(954) 377-1961

 

FOR IMMEDIATE RELEASE

 

FLANIGAN'S ANNOUNCES EARNINGS

 

FORT LAUDERDALE, FLORIDA, May 17, 2011, -  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 26 weeks ended April 2, 2011.

The table below sets forth the results on a comparative basis with the 13 weeks and 26 weeks ended April 3, 2010.

 

  For the 13 weeks            For the 13 weeks

                        ended April 2,               ended April 3,

      2011                                2010        

REVENUES

 

RESTAURANT FOOD AND

 BAR SALES                                                 $ 15,302,000                  $ 15,011,000

PACKAGE STORE SALES                                          3,505,000                       3,595,000

FRANCHISE RELATED REVENUES                            244,000                          255,000

OWNER'S FEE                                                                    42,000                            30,000

OTHER OPERATING INCOME                                      71,000                            47,000

------------------                          ------------------

TOTAL REVENUES                                                 $ 19,164,000                   $ 18,938,000

===========              ===========

 

NET   INCOME ATTRIBUTABLE            

TO FLANIGANÕS ENTERPRISES, INC                    $      735,000(1)            $     670,000

===========                ==========

 

NET INCOME  PER COMMON SHARE

BASIC AND DILUTED                                                            .39                    $            .36

===========                ========== 
(1)Includes  after tax gain of $162,000 from sale of guaranteed leasehold interest.

 

 

 

 

 

PRESS RELEASE – May 17, 2011                                                               

 

Page two

 

(Continued)

 

              For the 26 weeks      For the 26 weeks

              Ended April 2,          ended April 3,

                    2011                           2010         _        

 

RESTAURANT FOOD AND

BAR SALES                                                   $     29,062,000           $   28,224,000

PACKAGE STORE SALES                                               7,204,000                  7,188,000

FRANCHISE RELATED REVENUES                                 503,000                     536,000

OWNERÕS FEE                                                                        84,000                       83,000

OTHER OPERATING INCOME                                           99,000                       71,000

              -------------------          ------------------

TOTAL REVENUES                                        $    36,952,000             $  36,102,000             

                                                                          ============            ==========

NET INCOME ATTRIBUTABLE                                     

TO FLANIGANÕS ENTERPRISES, INC.                    $       1,085,000(1)       $      958,000

            =============            ==========

 

NET INCOME PER COMMON SHARE

BASIC  AND DILUTED                                             $                . 58               $             .51

                                                                           =============            ===========

 

 

(1)  Includes after tax gain of $162,000 from sale of guaranteed leasehold interest.