FORT LAUDERDALE, Fla., Jan. 3 /PRNewswire-FirstCall/ -- FLANIGAN'S ENTERPRISES, INC. (AMEX: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 52 weeks ended September 30, 2006. The table below sets forth the results on a comparative basis with the 13 weeks and 52 weeks ended October 1, 2005.
For the 13 weeks For the 13 weeks
ended September ended October
30, 2006 1, 2005
--------------- ----------------
REVENUES RESTAURANT FOOD AND
BEVERAGE REVENUES $10,348,000 $9,402,000 PACKAGE GOODS REVENUES 2,818,000 2,683,000
FRANCHISE REVENUES 277,000 230,000
OWNER'S FEE 53,000 63,000
OTHER OPERATING REVENUE (58,000) 38,000
--------------- ----------------
TOTAL REVENUES $13,438,000 $12,416,000
=============== ================ NET PROFIT (LOSS) $102,000 $41,000(1)
=============== ================ NET INCOME (LOSS)
PER COMMON SHARE BASIC EPS $0.05 $0.02
=============== ================
Diluted EPS $0.05 $0.02
=============== ================ For the 52 weeks For the 52 weeks
ended September ended October
30, 2006 1, 2005
--------------- ----------------
RESTAURANT FOOD AND
BEVERAGE REVENUES $40,457,000 $35,829,000 PACKAGE GOODS REVENUES 13,046,000 11,810,000
FRANCHISE REVENUES 1,114,000 984,000
OWNERS FEE 224,000 261,000
OTHER OPERATING INCOME 173,000 148,000
--------------- ----------------
TOTAL REVENUES $55,014,000 $49,032,000
=============== ================
NET PROFIT $1,250,000 $1,107,000(1) NET INCOME PER COMMON SHARE Basic EPS $0.66 $0.58
=============== ================
Diluted EPS $0.65 $0.58
=============== ================ (1) Includes a $121,000 charge due to abandonment of fixed assets;
$100,000 adjustment of estimated to actual income taxes. DATASOURCE: Flanigan's Enterprises, Inc.
CONTACT: James G. Flanigan, Chairman of the Board, Flanigan's Enterprises, Inc., +1-954-377-1961 Web site: http://www.flanigans.net/
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