Flanigan's Enterprises, Inc. Reports Earnings Results for the Full Year Ended October 3, 2020
January 15, 2021 at 04:04 pm EST
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Flanigan's Enterprises, Inc. announced earnings results for the full year ended October 3, 2020. For the full year, the company announced total revenue was USD 112.977 million compared to USD 116.202 million a year ago. Operating income was USD 2.911 million compared to USD 6.316 million a year ago. Net income was USD 1.110 million compared to USD 3.648 million a year ago. Basic earnings per share from continuing operations was USD 0.6 compared to USD 1.96 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.