Flanigan's Reports Earnings


[End Subhead]
[Start Distributor]
PR Newswire 15-Feb-2018 9:25 AM
[End Distributor]
FORT LAUDERDALE, Fla., Feb. 15, 2018 /PRNewswire/ --FLANIGAN'S ENTERPRISES, INC., (NYSE AMERICAN: 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 endedDecember 30, 2017 with the 13 weeks ended December 31, 2016.
[Start Table]
For the 13 weeks For the 13 weeks
ended December 30 ended December 31,
2017 2016

REVENUES

RESTAURANT FOOD ANDBAR SALES $ 22,756,000 $ 21,285,000
PACKAGE STORE SALES 5,013,000 4,678,000
FRANCHISE RELATED REVENUES 380,000 378,000
RENTAL INCOME 157,000 159,000
OWNER'S FEE 38,000 38,000
OTHER OPERATING INCOME 49,000 56,000

TOTAL REVENUES $ 28,393,000 $ 26,594,000

NETINCOME ATTRIBUTABLE
TO FLANIGAN'S ENTERPRISES, INC $ 621,000* $ 664,000

NET INCOMEPER COMMON SHARE
BASIC AND DILUTED $ .33 $ .36

[End Table]
[Start Table]
*On December 22, 2017 the Tax Cuts and Jobs Act ("The Act") was signed into law, reducing the corporate income tax rate to 21%. Consequently, we have recorded a decrease of approximately $268,000 to our net deferred tax asset, with a corresponding adjustment to deferred income tax expense for the thirteen weeks ended December 30, 2017.
[End Table]
View original content:http://www.prnewswire.com/news-releases/flanigans-reports-earnings-300599459.html
SOURCE Flanigan's Enterprises, Inc.

Wait, Before You Leave...