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FLANIGAN'S ENTERPRISES, INC. ANNOUNCES RESULTS

 FORT LAUDERDALE, Fla., Jan 20 /PRNewswire/ -- Flanigan's Enterprises, Inc. (AMEX: BDL), owners and operators of the "Flanigan's Seafood Bar and Grill" restaurants and "Big Daddy's" cocktail lounges and retail liquor stores, today announced results for the 53 weeks and the 14 weeks ended Oct. 3, 1992. Food and beverage sales for the fiscal year in the company's restaurant units represent 54.8 percent of gross sales and the company now considers itself primarily a restaurant chain. The table below sets forth the results on a comparative basis with the 52 and the 13 weeks ended Sept. 28, 1991.
 FLANIGAN'S ENTERPRISES, INC.
 For the 14 weeks For the 13 weeks
 ended Oct. 3, 1992 Sept. 28, 1991
 REVENUES
 Restaurant Food and
 Beverage Revenues $ 2,558,000 $ 1,842,000
 Non-restaurant bar revenues 283,000 379,000
 Package Goods Revenues 1,374,000 1,530,000
 Total Revenues $ 4,215,000 $ 3,751,000
 Net profit (loss) $ 228,155 $(1,772,000)
 Net Income (Loss)
 Per Common Share
 Primary $ .23 $ (1.90)
 Fully Diluted $ .22 $ (1.90)(C)
 For the 53 weeks For the 52 weeks
 ended Oct. 3, 1992 Sept. 28, 1991
 REVENUES
 Restaurant Food and
 Beverage Revenues $ 9,357,000 $ 8,770,000
 Non-restaurant bar revenues 1,059,000 2,648,000
 Package Goods Revenues 6,649,000 11,079,000
 Total Revenues $17,065,000 $22,497,000
 Net profit (loss) $ 865,155 (A) $(1,514,000)(B)
 Net Income (Loss)
 Per Common Share
 Primary $ .89 $ (1.63)
 Fully Diluted $ .85 $ (1.63)(C)
 (A) -- Includes income from insurance recoveries of $453,000.
 (B) -- Includes income from the termination of a management agreement of $270,000. It also includes a loss of $1,666,000 on the sale and abandonment of assets and the resignation as general partner from a limited partnership.
 (C) -- Impact of stock options outstanding in 1991 is not considered in the calculation as it is antidilutive.
 -0- 1/20/93
 /CONTACT: Joseph G. Flanigan, chairman of the board of Flanigan's Enterprises, Inc., 305-974-9003/
 (BDL)


CO: Flanigan's Enterprises, Inc. ST: Florida IN: LEI REA SU: ERN

JJ-AW -- FL005 -- 6947 01/20/93 13:47 EST
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Publication:PR Newswire
Date:Jan 20, 1993
Words:359
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