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FORT LAUDERDALE, Fla., Jan. 20 /PRNewswire-FirstCall/ -- FLANIGANS
ENTERPRISES, INC. (Amex: BDL), owners and operators of the "Flanigans Seafood
Bar and Grill" restaurants and "Big Daddys" retail liquor stores, announced
results for the 13 weeks and the 52 weeks ended October 1, 2005. The table
below sets forth the results on a comparative basis with the 14 weeks and 53
weeks ended October 2, 2004. On January 13, 2006 the Board of Directors
declared a cash dividend of 35 cents per share to shareholders of record on
January 31, 2006, payable on February 15, 2006.
For the 13 weeks For the 14 weeks
ended October ended October
1, 2005 2, 2004
REVENUES
RESTAURANT FOOD AND
BEVERAGE REVENUES $ 9,402,000 $ 8,761,000
PACKAGE GOODS REVENUES 2,683,000 2,654,000
FRANCHISE REVENUES 230,000 114,000
OWNERS FEE 63,000 136,000
OTHER OPERATING REVENUE 38,000 5,000
TOTAL REVENUES $12,416,000 $11,670,000
NET PROFIT (LOSS) $ 41,000(3) $ (46,000)(1)
NET INCOME (LOSS PER
COMMON SHARE
Basic EPS $ 0.02 $ (.02)
Diluted EPS $ 0.02 $ (.02)
For the 52 weeks For the 53 weeks
ended October Ended October
1, 2005 2, 2004
RESTAURANT FOOD AND
BEVERAGE REVENUES $ 35,829,000 $ 33,698,000
PACKAGE GOODS REVENUES 11,810,000 10,911,000
FRANCHISE REVENUES 984,000 958,000
OWNERS FEE 261,000 265,000
OTHER OPERATING INCOME 148,000 101,000
TOTAL REVENUES $ 49,032,000 $ 45,933,000
NET PROFIT $ 1,107,000(3) $ 440,000(1)(2)
NET INCOME PER
COMMON SHARE
Basic EPS $ 0.58 $ .23
Diluted EPS $ 0.58 $ .23
(1) Includes a $367,000 charge due to abandonment of fixed assets.
(2) Includes $393,000 in charges due to adjustments.
(3) Includes a $121,000 charge due to abandonment of fixed assets and
$100,000 adjustment of estimated to actual income taxes.
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