Flanigan's Q1 Revenues Rise 5.9% to $56.5M; EPS Increases to $1.55
Flanigan's Enterprises reported Q1 total revenues of $56.5M, up 5.9% year-over-year, with restaurant sales up 5.4% and package store sales up 7.5%, lifting net income to $2.875M and EPS to $1.55. In six-month period, revenues grew 5.5% to $109.1M and net income surged 34% to $3.68M, driving EPS to $1.98.
1. First-Quarter Financial Highlights
Flanigan's Enterprises achieved total revenues of $56.5 million in the 13 weeks ended March 28, marking a 5.9% increase versus prior year. Net income attributable to the company rose to $2.875 million, or $1.55 per share, reflecting a 6.9% EPS gain.
2. Six-Month Performance
For the 26 weeks ended March 28, Flanigan's recorded revenues of $109.1 million, up 5.5% year-over-year. Net income jumped 34% to $3.68 million, translating into $1.98 in earnings per share.
3. Segment Breakdowns and Drivers
Restaurant food and bar sales increased 5.4% to $43.0 million, while package store revenues climbed 7.5% to $13.0 million. Franchise-related and other revenues also edged higher, contributing to overall top-line growth and margin expansion.