Flanigan's Announces Earnings
FORT LAUDERDALE, Fla., May 12 /PRNewswire-FirstCall/ -- Flanigan's
Enterprises, Inc. , 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 March 27, 2004. The table below sets
forth the results on a comparative basis with the 13 weeks and 26 weeks ended
March 29, 2003.
For the 13 weeks For the 13 weeks
ended March ended March
27, 2004 29, 2003
REVENUES RESTAURANT FOOD AND
BEVERAGE REVENUES $9,009,000 $7,855,000 PACKAGE GOODS REVENUES 2,957,000 2,683,000
FRANCHISE REVENUES 295,000 162,000
OWNER'S FEE 38,000 67,000
OTHER OPERATING REVENUE 2,000 78,000
----------- -----------
TOTAL REVENUES $ 12,301,000 $ 10,845,000
========== ========= NET PROFIT (LOSS) $252,000 422,000
========== ==========
NET INCOME (LOSS) PER COMMON SHARE Basic EPS $.13 $.22
=========== =========
Diluted EPS $ .13 $.22
=========== =========
For the 26 weeks For the 26 weeks
ended March ended March
27, 2004 29, 2003
RESTAURANT FOOD AND
BEVERAGE REVENUES $16,421,000 $14,079,000 PACKAGE GOODS REVENUES 5,758,000 5,363,000
FRANCHISE REVENUES 614,000 400,000
OWNER'S FEE 92,000 135,000
OTHER OPERATING INCOME 43,000 165,000
----------- -----------
TOTAL REVENUES $22,928,000 $20,142,000 =========== ==========
NET PROFIT $483,000 $896,000 NET INCOME PER COMMON SHARE Basic EPS $.25 $.47
=========== ========== Diluted EPS $.25 $.46
=========== ==========
DATASOURCE: Flanigan's Enterprises, Inc.
CONTACT: Joseph G. Flanigan, Chairman of the Board, Flanigan's Enterprises, +1-954-377-1961
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