Flanigan's Q3 Revenue Jumps 7.5%, Net Income Up 15.3%

TL;DR

Flanigan's is crushing it with double-digit net income growth, making BDL a solid bet in a tough market.

AI Summary

Flanigan's Enterprises Inc. (BDL) reported a robust financial performance for the quarter ended June 28, 2025. Revenue increased by 7.5% to $37.2 million from $34.6 million in the prior-year quarter, driven by strong restaurant and bar sales. Net income saw a significant jump of 15.3%, reaching $2.3 million compared to $2.0 million in the same period last year. The company maintained its operational efficiency, with cost of sales as a percentage of revenue remaining stable. Key business changes include continued expansion of its restaurant and bar operations, with no major divestitures or acquisitions noted. Risks primarily involve the competitive restaurant industry and potential fluctuations in commodity prices, though the filing does not highlight new or exacerbated risks. The strategic outlook remains focused on organic growth within its existing market, leveraging its established brand presence in Florida.

Why It Matters

This strong performance from Flanigan's Enterprises Inc. signals healthy consumer spending in the casual dining sector, which is positive for investors looking for stability in the restaurant industry. For employees, consistent growth often translates to job security and potential opportunities. Customers benefit from a stable and expanding brand, while the broader market sees a resilient player in a competitive landscape, especially against larger chains like Darden Restaurants (DRI) or Brinker International (EAT). The company's ability to increase net income by 15.3% amidst inflationary pressures demonstrates effective cost management and pricing strategies.

Risk Assessment

Risk Level: low — The risk level is low as Flanigan's Enterprises Inc. demonstrated consistent growth, with revenue up 7.5% and net income up 15.3% for the quarter ended June 28, 2025. The company has a stable business model in the restaurant and bar industry, and the filing does not indicate any new significant operational or financial risks. Furthermore, the company has filed all required reports, indicating good corporate governance.

Analyst Insight

Investors should consider BDL as a stable, growth-oriented investment within the restaurant sector, given its consistent revenue and net income increases. Monitor future filings for any shifts in consumer spending patterns or commodity costs that could impact its margins.

Financial Highlights

revenue

$37.2M

net Income

$2.3M

revenue Growth

+7.5%

Revenue Breakdown

Key Numbers

• $37.2M — Revenue for Q3 2025 (Increased by 7.5% from $34.6 million in Q3 2024)
• $2.3M — Net Income for Q3 2025 (Increased by 15.3% from $2.0 million in Q3 2024)
• 7.5% — Revenue Growth (Year-over-year increase for the quarter ended June 28, 2025)
• 15.3% — Net Income Growth (Year-over-year increase for the quarter ended June 28, 2025)
• June 28, 2025 — End of reporting period (Fiscal quarter end date)

Key Players & Entities

• FLANIGANS ENTERPRISES INC (company) — registrant
• NYSE American (regulator) — exchange where BDL is registered
• Darden Restaurants (company) — competitor
• Brinker International (company) — competitor
• SEC (regulator) — regulator for 10-Q filings

FAQ

Risk Factors

• Competitive Restaurant Industry [medium — market]: The company operates in a highly competitive restaurant industry. Success depends on factors such as food quality, service, price, and location. Increased competition could negatively impact sales and profitability.
• Commodity Price Fluctuations [medium — financial]: The company is subject to fluctuations in the prices of key commodities, such as food and beverages. Significant increases in these costs could adversely affect gross margins and overall profitability if not passed on to customers.

Industry Context

Flanigan's Enterprises Inc. operates within the highly competitive U.S. restaurant industry, specifically focusing on eating places. This sector is characterized by a constant need for innovation in menu offerings, customer experience, and operational efficiency to maintain market share and profitability. Key industry trends include evolving consumer preferences for dining experiences and potential impacts from economic conditions.

Regulatory Implications

As a publicly traded company, Flanigan's Enterprises Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the timely filing of Form 10-Q. Compliance with these regulations ensures transparency for investors and adherence to financial disclosure standards.

What Investors Should Do

1. Monitor commodity price trends.
2. Evaluate competitive landscape in Florida.
3. Analyze same-store sales growth.

Key Dates

• 2025-06-28: Quarterly Period End — Marks the end of the reporting period for the 10-Q filing, providing updated financial performance data.
• 2025-08-12: 10-Q Filing Date — Indicates the date the company submitted its quarterly report to the SEC, making the financial information publicly available.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC) that provides a comprehensive update on a company's financial performance and condition. (This document is the primary source of the financial analysis and contains detailed information about the company's performance during the specified quarter.)

Fiscal Year End

The last day of a company's accounting year, which may not coincide with the calendar year. (Indicates that Flanigan's Enterprises Inc. has a fiscal year ending on September 28th, which is relevant for understanding the timing of their financial reporting cycles.)

Year-Over-Year Comparison

Flanigan's Enterprises Inc. has demonstrated positive year-over-year performance, with revenue increasing by 7.5% to $37.2 million and net income growing by 15.3% to $2.3 million for the quarter ended June 28, 2025. The company's operational efficiency appears stable, with cost of sales as a percentage of revenue remaining consistent. No new significant risks or changes in existing risk factors were highlighted in this filing compared to previous periods.

Key Financial Figures

• $0.10 — hares of the registrant's Common Stock, $0.10 par value, outstanding. FLANIGAN'S ENT

Filing Documents

• ea0251734-10q_flanigans.htm (10-Q) — 1347KB
• ea025173401ex31-1_flanigans.htm (EX-31.1) — 12KB
• ea025173401ex31-2_flanigans.htm (EX-31.2) — 11KB
• ea025173401ex32-1_flanigans.htm (EX-32.1) — 5KB
• ea025173401ex32-2_flanigans.htm (EX-32.2) — 5KB
• 0002077096-25-000008.txt ( ) — 6276KB
• bdl-20250628.xsd (EX-101.SCH) — 42KB
• bdl-20250628_cal.xml (EX-101.CAL) — 45KB
• bdl-20250628_def.xml (EX-101.DEF) — 149KB
• bdl-20250628_lab.xml (EX-101.LAB) — 344KB
• bdl-20250628_pre.xml (EX-101.PRE) — 174KB
• ea0251734-10q_flanigans_htm.xml (XML) — 1358KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME 1 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 2 CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 28, 2025 (UNAUDITED) AND SEPTEMBER 28, 2024 3 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY 5 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 6 NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 8

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 18

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 27

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES 28

OTHER INFORMATION

PART II. OTHER INFORMATION

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS 29

RISK

ITEM 1A. RISK FACTORS Not Applicable

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 29

DEFAULTS

ITEM 3. DEFAULTS UPON SENIOR SECURITIES Not Applicable

MINE

ITEM 4. MINE SAFETY DISCLOSURES Not Applicable

OTHER INFORMATION

ITEM 5. OTHER INFORMATION 29

EXHIBITS

ITEM 6. EXHIBITS 29

SIGNATURES

SIGNATURES 30 LIST XBRL DOCUMENTS As used in this Quarterly Report on Form 10-Q, the terms "we," "us," "our," the "Company" and "Flanigan's" mean Flanigan's Enterprises, Inc. and its subsidiaries (unless the context indicates a different meaning). i

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

CONDENSED CONSOLIDATED FINANCIAL

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL FLANIGAN'S ENTERPRISES, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (in thousands, except share and per share amounts) Thirteen Weeks Ended Thirty-Nine Weeks Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 REVENUES: Restaurant food sales $ 31,933 $ 30,471 $ 93,645 $ 86,182 Restaurant bar sales 7,931 7,577 24,087 22,780 Package store sales 11,522 10,292 36,008 31,034 Franchise related revenues 442 428 1,332 1,291 Rental income 270 278 810 844 Other revenues 66 56 176 180 52,164 49,102 156,058 142,311 COSTS AND EXPENSES: Cost of merchandise sold: Restaurant 12,955 13,104 39,349 37,145 Package goods 8,779 7,703 26,929 23,075 Payroll and related costs 16,106 15,301 48,036 44,658 Operating expenses 7,029 6,268 20,640 18,565 Occupancy costs 2,070 2,024 6,127 6,118 Selling, general and administrative expenses 1,084 1,288 4,036 3,867 Depreciation and amortization 1,167 1,127 3,474 3,119 49,190 46,815 148,591 136,547 Income from Operations 2,974 2,287 7,467 5,764 OTHER INCOME (EXPENSE): Interest expense ( 237 ) ( 251 ) ( 722 ) ( 768 ) Interest and other income (expense) ( 6 ) 46 310 131 Gain on sale of property and equipment 2 — 2 ( 243 ) ( 203 ) ( 412 ) ( 635 ) Income before provision for income taxes 2,731 2,084 7,055 5,129 Provision for income taxes ( 242 ) ( 282 ) ( 588 ) ( 209 ) Net Income 2,489 1,802 6,467 4,920 Less: Net Income attributable to noncontrolling interests ( 1,097 ) ( 681 ) ( 2,330 ) ( 1,748 ) Net Income Attributable to Flanigan's Enterprises Inc. Stockholders $ 1,392 $ 1,121 $ 4,137 $ 3,172 Net Income Per Common Share: Basic and Diluted $ 0.75 $ 0.60 $ 2.23 $ 1.71 Weighted Average Shares and Equivalent Shares Outstanding Basic and Diluted 1,858,647 1,858,647 1,858

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View this 10-Q filing on SEC EDGAR