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Flanigan's Enterprises, Inc. (Amex: BDL), owners and operators of the "Flanigan's Seafood Bar and Grill" restaurants and "Big Daddy's" retail liquor stores, today announced results for the 13 weeks and the 39 weeks ended June 26, 2004.
The table below sets forth the results on a comparative basis with the 13 weeks and 39 weeks ended June 28, 2003.
For the For the
13 weeks 13 weeks
ended June 26, ended June 28,
2004 2003
REVENUES
RESTAURANT FOOD AND
BEVERAGE REVENUES $8,516,000 $7,871,000
PACKAGE GOODS REVENUES 2,499,000 2,279,000
FRANCHISE REVENUES 230,000 263,000
OWNER'S FEE 37,000 60,000
OTHER OPERATING REVENUE 53,000 52,000
-------- --------
TOTAL REVENUES $11,335,000 $10,525,000
=========== ===========
NET PROFIT $7,000 $142,000
=========== ===========
NET INCOME (LOSS) PER COMMON SHARE
Basic EPS $.00 $.07
=========== ===========
Diluted EPS $.00 $.07
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For the For the
39 weeks 39 weeks
ended June 26, ended June 28,
2004 2003
RESTAURANT FOOD AND
BEVERAGE REVENUES $24,937,000 $21,949,000
PACKAGE GOODS REVENUES 8,257,000 7,642,000
FRANCHISE REVENUES 753,000 663,000
OWNER'S FEE 129,000 195,000
OTHER OPERATING REVENUES 96,000 217,000
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TOTAL REVENUES $34,172,000 $30,666,000
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NET PROFIT $490,000(1) $1,038,000
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NET INCOME PER COMMON SHARE
Basic EPS $.25 $.54
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Diluted EPS $.25 $.53
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(1) includes a loss of $300,000 from the opening of the joint venture
restaurant in Stuart, Florida and a pre-opening loss of $167,000
from the joint venture restaurant in Pinecrest, Florida
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