Flanigan's Enterprises, Inc. Reports Earnings Results for the Second Quarter Ended March 28, 2020
June 26, 2020 at 04:32 pm
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Flanigan's Enterprises, Inc. announced earnings results for the second quarter ended March 28, 2020. For the second quarter, the company announced total revenue was USD 30.128 million compared to USD 29.736 million a year ago. Operating income was USD 1.517 million compared to USD 1.890 million a year ago. Net income was USD 648,000 compared to USD 1.021 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.55 a year ago. For the half year, total revenue was USD 61.069 million compared to USD 57.630 million a year ago. Operating income was USD 2.748 million compared to USD 2.545 million a year ago. Net income was USD 1.142 million compared to USD 1.764 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 0.95 a year ago.
Flanigan's Enterprises, Inc. owns and operates restaurants and retail package liquor stores. The Company operates through two segments: package stores and restaurants. The operation of package stores consists of retail liquor sales and related items. The Company operates 30 units, consisting of restaurants, package liquor stores, a combination restaurant/package liquor stores, and a sports bar, which the Company either owns or has operational control over and partial ownership in; and franchises an additional five units, consisting of two restaurants, one of which it operates and three combination restaurant/package liquor stores. The Company operates its package liquor stores and restaurants under the service marks, Big Daddy's Liquors, Big Daddyâs Wine & Liquors, Flaniganâs Seafood Bar and Grill, and Flaniganâs. The Company also operates its sports bar under the service mark, Brendanâs Sports Pub.