#United States #Fort Lauderdale #Flanigan's #Big Daddy's #NYSE BDL

Flanigan's Enterprises Reports Earnings

In a recent announcement, Flanigan's Enterprises, Inc. (NYSE AMERICAN: BDL), the proud owners and operators of the renowned Flanigan's Seafood Bar and Grill restaurants and Big Daddy's retail liquor outlets, disclosed their financial results for the 13-week period ending December 28, 2024. This report reflects a comparative analysis with the previous year's results for the equivalent period, ending December 30, 2023.

Financial Highlights

The quarterly figures reflect a secure foothold in the food and beverage industry, showcasing distinct growth in key areas. The following highlights the performance:

• - Restaurant Food and Bar Sales: The company reported $37.088 million, compared to $33.818 million from the prior year. This increase speaks to the effective strategies in place, driving customer engagement and loyalty.
• - Package Store Sales: Sales from retail liquor stores surged to $12.435 million, up from $10.602 million the previous year. This upward trend signifies the ongoing popularity of Big Daddy's as a choice destination for consumers seeking quality alcoholic beverages.
• - Franchise-Related Revenues: Even franchise operations reflected growth, with revenues climbing to $431,000, compared to $418,000 the year before.
• - Rental Income: Steady performance in rental income was recorded at $267,000, slightly increasing from $253,000 in the prior year.
• - Other Revenues: Overall, other income streams fell slightly from $49,000 to $41,000.

Total Revenues for the period reached $50.262 million, indicating a robust increase from $45.140 million in 2023. This growth demonstrates the company's resilience and strategic approach in a competitive market.

Earnings Overview

Despite the growth in sales, the net income attributable to Flanigan's Enterprises, Inc. saw a decline, clocking in at $55,000, down from $109,000 last year. Consequently, the net income per common share reported was $0.03, a dip from the previous figure of $0.06 per share.

Conclusion

The quarterly earnings report indicates that while Flanigan's Enterprises is making commendable strides in sales across its restaurant and retail operations, the drop in net income per share presents a challenge for the company. Stakeholders and investors will be keen to see how the company navigates these challenges in future quarters.
Flanigan’s commitment to enhancing service quality and customer satisfaction at their venues will be essential as they look to capitalize on market trends and drive profitability going forward.

Overall, Flanigan's Enterprises stands strong in the face of fluctuating market conditions, showcasing resilience and potential for continued growth in the hospitality and liquor retail sectors.