FORT LAUDERDALE, Fla., Aug. 11 /PRNewswire-FirstCall/ -- 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, today announced results for the 13 weeks and the 39 weeks ended June 27, 2009. The table below sets forth the results on a comparative basis with the 13 weeks and 39 weeks ended June 28, 2008.
For the 13 weeks For the 13 weeks
ended June 27, ended June 28,
2009 2008
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REVENUES
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RESTAURANT FOOD AND BAR SALES $ 13,189,000 $ 12,528,000
PACKAGE STORE SALES 2,925,000 2,842,000
FRANCHISE RELATED REVENUES 298,000 273,000
OWNER'S FEE 40,000 68,000
OTHER OPERATING INCOME 39,000 54,000
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TOTAL REVENUES $ 16,491,000 $ 15,765,000
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NET INCOME $ 311,000(1) $ 336,000
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NET INCOME PER COMMON SHARE
Basic $ 0.17 $ 0.18
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Diluted
$ 0.17 $ 0.18
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For the 39 weeks For the 39 weeks
ended June 27, ended June 28,
2009 2008
---------------- ----------------
RESTAURANT FOOD AND BAR SALES $ 39,628,000 $ 37,831,000
PACKAGE STORE SALES 9,788,000 9,673,000
FRANCHISE RELATED REVENUES 842,000 815,000
OWNER'S FEE 129,000 183,000
OTHER OPERATING INCOME 114,000 150,000
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TOTAL REVENUES $ 50,501,000 $ 48,652,000
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NET INCOME $ 1,167,000(2)(3) $ 991,000
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NET INCOME PER COMMON SHARE
Basic $ 0.62 $ 0.52
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Diluted $ 0.62 $ 0.52
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1. Includes $18,000 adjustment to deferred tax asset.
2. Includes $140,000 adjustment to deferred tax asset.
3. Includes after tax gain of $106,000 from payment of balance of claim in
liquidation proceedings of former insurance company plus interest.
SOURCE Flanigan's Enterprises, Inc.
