Flanigan's Enterprises, Inc. Reports Earnings Results for the Third Quarter Ended June 27, 2020
August 12, 2020 at 06:03 am
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Flanigan's Enterprises, Inc. announced earnings results for the third quarter ended June 27, 2020. For the third quarter, the company announced total revenue was USD 23.663 million compared to USD 29.512 million a year ago. Operating loss was USD 732,000 compared to operating Income of USD 1.944 million a year ago. Net loss was USD 455,000 compared to net income of USD 968,000 a year ago. Basic loss per share from continuing operations was USD 0.24 compared to basic earnings per share from continuing operations of USD 0.52 a year ago. For the nine months, total revenue was USD 84.732 million compared to USD 87.142 million a year ago. Operating income was USD 2.016 million compared to USD 4.489 million a year ago. Net income was USD 687,000 compared to USD 2.732 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 1.47 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.
FLANIGAN'S ENTERPRISES, INC. 