Revenue Growth - Total revenue for the thirteen weeks ended March 30, 2024, increased by $4,266,000 or 9.74% to $48,069,000 from $43,803,000 for the same period in 2023[58]. - Total revenue for the twenty-six weeks ended March 30, 2024 increased by $7,545,000 or 8.81% to $93,209,000 from $85,664,000 for the same period in 2023[72]. Restaurant Sales - Restaurant food sales totaled $29,356,000 for the thirteen weeks ended March 30, 2024, compared to $27,113,000 for the same period in 2023, reflecting an increase due to higher menu prices and new restaurant openings[59]. - Comparable weekly restaurant food sales for Company-owned restaurants increased by 2.08% to $1,029,000 for the thirteen weeks ended March 30, 2024, compared to $1,008,000 for the same period in 2023[59]. - Restaurant food sales totaled $55,711,000 for the twenty-six weeks ended March 30, 2024, compared to $51,880,000 for the same period in 2023, driven by increased menu prices and new restaurant openings[74]. Bar Sales - Restaurant bar sales reached $7,740,000 for the thirteen weeks ended March 30, 2024, up from $7,281,000 in the same period in 2023, primarily driven by increased menu prices[61]. - The company expects continued growth in restaurant food and bar sales for the remainder of fiscal year 2024 due to increased traffic and new store operations[60]. Package Store Sales - Package store sales increased to $10,140,000 for the thirteen weeks ended March 30, 2024, compared to $8,659,000 for the same period in 2023, marking a significant growth[56]. - Revenue from package liquor store sales increased to $10,140,000 for the thirteen weeks ended March 30, 2024, up from $8,659,000 for the same period in 2023, representing an increase of 17.09%[62]. - Revenue from package liquor store sales for the twenty-six weeks ended March 30, 2024 was $20,742,000, an increase of $2,680,000 from $18,062,000 for the same period in 2023[76]. Operating Costs and Expenses - Operating costs and expenses rose by $4,292,000 or 10.44% to $45,384,000 for the thirteen weeks ended March 30, 2024, compared to $41,092,000 for the same period in 2023[63]. - Operating costs and expenses for the twenty-six weeks ended March 30, 2024 increased by $7,976,000 or 9.76% to $89,732,000 from $81,756,000 for the same period in 2023[77]. Gross Profit - Gross profit for restaurant food and bar sales increased to $24,886,000 for the thirteen weeks ended March 30, 2024, up from $23,184,000, although the gross profit margin decreased to 67.09% from 67.41%[64]. - Gross profit for package store sales increased to $2,648,000 for the thirteen weeks ended March 30, 2024, up from $2,447,000, with a gross profit margin of 26.11%, down from 28.26%[65]. - Gross profit for restaurant food and bar sales increased to $46,873,000, with a gross profit margin of 66.10%, down from 66.72% in the previous year[78]. - Gross profit for package store sales rose to $5,370,000, with a gross profit margin of 25.89%, down from 26.94% in the previous year[78]. Net Income - Net income for the thirteen weeks ended March 30, 2024 increased by $346,000 or 15.89% to $2,524,000, with net income as a percentage of revenue rising to 5.25% from 4.97%[70]. - Net income increased by $66,000 or 2.16% to $3,118,000, with a net income margin of 3.35%, down from 3.56%[83]. - Net income attributable to stockholders decreased by $470,000 or 18.64% to $2,051,000, with a margin of 2.20%, down from 2.94%[84]. Payroll and Related Costs - Payroll and related costs increased by $798,000 or 5.63% to $14,972,000 for the thirteen weeks ended March 30, 2024, with payroll as a percentage of total revenue decreasing to 31.15% from 32.36%[66]. - Payroll and related costs increased by $1,547,000 or 5.56% to $29,357,000, representing 31.50% of total revenue, down from 32.46%[79]. Expenses - Selling, general and administrative expenses rose by $1,860,000 or 12.39% to $16,868,000, accounting for 18.10% of total revenue, up from 17.52%[81]. Cash and Debt - Cash and cash equivalents decreased by $3,530,000 to $22,002,000 as of March 30, 2024[87]. - Long-term debt decreased to $22,501,000 from $23,128,000 as of September 30, 2023[94]. Capital Expenditures and Investments - The company anticipates capital expenditures for refurbishment in fiscal year 2024 to be approximately $450,000[93]. - The company entered into a purchase agreement for approximately $7.0 million of baby back ribs for calendar year 2024[98]. - The company invested $900,000 in 90-day certificates of deposit during fiscal year 2023, with an average fixed annual interest rate of 4.87%[109]. - The average fixed annual interest rate for new 90-day certificates of deposit rolled over in 2024 increased to 5.27%[109]. Interest Rates and Financial Instruments - The company has one variable rate debt instrument with an interest rate equal to the lender's BSBY Screen Rate plus 1.50% per annum, specifically a $8.90M Loan[108]. - An interest rate swap agreement was entered into to convert the $8.90M Loan from variable to fixed rate, with a fixed rate of 4.90% for a fifteen-year period[108]. - The company’s cash resources are affected by fluctuations in interest rates, with no assurance of future rate changes impacting operations[109]. Inflation Impact - Inflation has significantly impacted operating results, particularly due to rising food, fuel, and labor costs, prompting the company to increase menu prices[104]. Accounting Policies - During the twenty-six weeks ended March 30, 2024, the company has not made any changes to its critical accounting policies[103]. Securities and Market Risk - As of March 30, 2024, the company held no equity securities and does not ordinarily hold market risk sensitive instruments for trading purposes[106].

FORT LAUDERDALE, Fla., Feb. 14, 2024 /PRNewswire/ -- FLANIGAN'S ENTERPRISES, INC., (NYSE AMERICAN: BDL) owners and operators of the "Flanigan's Seafood Bar and Grill" restaurants and "Big Daddy's" retail liquor stores announced results for the 13 weeks ended December 30, 2023. The table below sets forth the results on a comparative basis with the 13 weeks ended December 31, 2022. (in thousands, except per share amounts) 13 Weeks Ended 13 Weeks Ended December 30, 2023 December 31, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction o ...

FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-06836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Ide ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 1, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction of inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 1, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction of in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction o ...

FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 1, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-06836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 2, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction of (I.R ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 2, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction of (I ...