BDL Flanigan's Enterprises Inc. featured news, full reports, and detailed charts
Flanigan's Enterprises Inc. (BDL) Wrap Up:
Flanigan's Enterprises, Inc. operates a chain of full-service restaurants and package liquor stores in South Florida. It operates package liquor stores, under the Big Daddy's Liquors name, which provides a range of brand name and private label liquors, beer, and wines. The company operates restaurants, under the Flanigan's Seafood Bar and Grill name that offers alcoholic beverages and full food service. As of September 27, 2008, it operated 23 units consisting of restaurants, package liquor stores, and combination restaurants/package liquor stores; owned 1 adult entertainment club; and franchises 6 units comprising 2 restaurants and 4 combination restaurants/package liquor stores. The company was founded in 1959 and is based in Fort Lauderdale, Florida.Flanigan's Enterprises Inc. (BDL:AMEX)
Snapshot of Flanigan's Enterprises Inc. (BDL)
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OPEN
$5.85
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PREVIOUS CLOSE
$5.60
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DAY HIGH
$6.21
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DAY LOW
$5.85
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52 WEEK HIGH
05/19/09 - $6.42
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52 WEEK LOW
02/25/09 - $2.87
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MARKET CAP
11.6M
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AVERAGE VOLUME 3 mo
560.0
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DILUTED EPS TTM
$0.66
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SHARES OUTSTANDING
1.9M
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BDL Does Not Pay Dividends
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P/E TTM
9.4x
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| K = Thousands M = Millions B = Billions | ||
BDL Top Compensated Officers
Executives, Board Directors
Key developments for Flanigan's Enterprises Inc. (BDL)
Flanigan's Enterprises Inc. reported earnings results for the third quarter and nine months ended June 27, 2009. For the quarter, the company reported net income of $311,000 or $0.17 basic and diluted per share on total revenues of $16,491,000 against net income of $336,000 or $0.18 basic and diluted per share on total revenues of $15,765,000 for the same period a year ago. For the nine months, the company reported net income of $1,167,000 or $0.62 basic and diluted per share on total revenues of $50,501,000 against net income of $991,000 or $0.52 basic and diluted per share on total revenues of $48,652,000 for the same period a year ago.
On June 1, 2009, Flanigan's Enterprises Inc.'s independent registered public accounting firm, Rachlin LLP, merged with and into Marcum LLP and began practicing in Florida as MarcumRachlin, a division of Marcum LLP. Accordingly, effective June 1, 2009, Rachlin ceased to act as the company's independent registered public accounting firm and MarcumRachlin became the company's independent registered public accounting firm. This change in the company's independent registered public accounting firm was accepted by the Audit Committee of the company's Board of Directors.
Flanigan's Enterprises Inc. reported earnings results for the second quarter and six months ended March 28, 2009. For the quarter, the company reported net income of $684,000 or $0.37 per basic and diluted share on total revenues of $17,757,000 against net income of $470,000 or $0.25 per basic and diluted share on total revenues of $16,983,000 for the same period of last year. For the six months, the company reported net income of $856,000 or $0.46 per basic and diluted share on total revenues of $34,010,000 against net income of $655,000 or $0.35 per basic share and $0.34 per diluted share on total revenues of $32,887,000 for the same period of last year. The net loss includes $122,000 adjustment to deferred tax asset and after tax gain of $106,000 from payment of balance of claim in liquidation proceedings of former insurance company plus interest.
BDL Competitors
| Company | Last | Change |
| Granite City Food & Brewery Ltd | $0.43 USD | 0.0001 |
| Grill Concepts Inc | $0.25 USD | -0.05 |
| Mexican Restaurants Inc | $2.50 USD | +0.20 |
| Morgans Foods Inc | $2.75 USD | 0.00 |
| Star Buffet Inc | $3.45 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | BDL | Industry Range |
| Price/Earnings | 8.5x |
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| Price/Sales | 0.2x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | 8.5x |
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| TEV/Sales | NM | Not Meaningful |
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BDL |
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More Recent News About Flanigan's Enterprises Inc.
More news for BDL
FLANIGANS ENTERPRISES INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Reported financial results may not be indicative of the financial results of future periods. All non-historical information contained in the following discussion constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipates, appears, expects, trends, intends, hopes, plans, believes, seeks, estimates, may, will," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve a number of risks and uncertainties, including but not limited to customer demand and competitive conditions. Factors that could cause actual results to differ materially are included in, but not limited to, those identified in the "Management's Discussion and Analysis of Financial Condition and Results of Operations," in the Annual Report on Form 10-K for the Company's fiscal year ended September 27, 2008 and in this Quarterly Report on Form 10-Q. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may reflect events or circumstances after the date of this report. OVERVIEW At June 27, 2009, we (i) operated 23 units, (excluding the adult entertainment club referenced in (ii) below), consisting of restaurants, package stores and combination restaurants/package stores that we either own or have operational control over and partial ownership in; (ii) own but do not operate one adult entertainment club; and (iii) franchise an additional six units, consisting of two restaurants, (one of which we operate) and four combination restaurant/package stores. The table below provides information con...Click here to read the whole Article (external link)
FLANIGANS ENTERPRISES INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Reported financial results may not be indicative of the financial results of future periods. All non-historical information contained in the following discussion constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipates, appears, expects, trends, intends, hopes, plans, believes, seeks, estimates, may, will," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve a number of risks and uncertainties, including but not limited to customer demand and competitive conditions. Factors that could cause actual results to differ materially are included in, but not limited to, those identified in the "Management's Discussion and Analysis of Financial Condition and Results of Operations," in the Annual Report on Form 10-K for the Company's fiscal year ended September 27, 2008 and in this Quarterly Report on Form 10-Q. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may reflect events or circumstances after the date of this report. OVERVIEW At March 28, 2009, we (i) operated 23 units, (excluding the adult entertainment club referenced in (ii) below), consisting of restaurants, package stores and combination restaurants/package stores that we either own or have operational control over and partial ownership in; (ii) own but do not operate one adult entertainment club; and (iii) franchise an additional six units, consisting of two restaurants, (one of which we operate) and four combination restaurant/package stores. The table below provides information con...Click here to read the whole Article (external link)
FLANIGANS ENTERPRISES INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Reported financial results may not be indicative of the financial results of future periods. All non-historical information contained in the following discussion constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipates, appears, expects, trends, intends, hopes, plans, believes, seeks, estimates, may, will," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve a number of risks and uncertainties, including but not limited to customer demand and competitive conditions. Factors that could cause actual results to differ materially are included in, but not limited to, those identified in the "Management's Discussion and Analysis of Financial Condition and Results of Operations," in the Annual Report on Form 10-K for the Company's fiscal year ended September 27, 2008 and in this Quarterly Report on Form 10-Q. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may reflect events or circumstances after the date of this report. OVERVIEW At December 27, 2008, we (i) operated 23 units, (excluding the adult entertainment club referenced in (ii) below), consisting of restaurants, package stores and combination restaurants/package stores that we either own or have operational control over and partial ownership in; (ii) own but do not operate one adult entertainment club; and (iii) franchise an additional six units, consisting of two restaurants, (one of which we operate) and four combination restaurants/package stores. The table below provides information con...Click here to read the whole Article (external link)
FLANIGANS ENTERPRISES INC Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Except for the historical information contained herein, the following discussion contains forward-looking statements that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. We discuss such risks, uncertainties and other factors throughout this report and specifically under the captions "Risk Factors". In addition, the following discussion and analysis should be read in conjunction with the 2008 Consolidated Financial Statements and the related Notes to Consolidated Financial Statements included elsewhere in this report. Overview Financial Information Concerning Industry Segments Our business is conducted principally in two segments: the restaurant segment and the package liquor store segment. Financial information broken into these two principal industry segments for the two fiscal years ended September 27, 2008 and September 29, 2007 is set forth in the consolidated financial statements which are attached hereto. General At September 27, 2008, we (i) operate 23 units, (excluding the adult entertainment club referenced in (ii) below), consisting of restaurants, package liquor stores and combination restaurants/package liquor stores that we either own or have operational control over and partial ownership in; (ii) own but do not operate one adult entertainment club; and (iii) franchise an additional six units, consisting of two restaurants, (one of which we operate) and four combination restaurants/package liquor stores. Franchised Units. In exchange for our providing management and related services to our franchisees and granting them the right to use our servic...Click here to read the whole Article (external link)
FLANIGANS ENTERPRISES INC Financials
PERIOD ENDING27-Jun-0931-Mar-0927-Dec-0827-Sep-08Total Revenue16,491 17,757 16,253 15,557 Cost of Revenue11,435 12,122 11,353 14,842 Gross Profit5,056 5,635 4,900 715 Operating ExpensesResearch Development - - - - Selling General and Administrative4,406 4,421 4,611 516 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss650 1,214 289 199 Income from Continuing OperationsTotal Other Income/Expenses Net15 18 167 32 Earnings Before Interest And Taxes665 1,232 456 231 Interest Expense105 108 119 137 Income Before Tax560 1,124 337 94 Income Tax Expense104 122 73 77 Minority Interest(145)(318)(92)49 Net Income From Continuing Ops311 684 172 66 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
