Quarterly ResultMay 12, 2026, 12:17 PM
Flanigan's H1 Net Income $3.68M, EPS $1.98; Revenue $109.08M
AI Summary
Flanigan's Enterprises Inc. reported strong financial results for the 26 weeks ended March 28, 2026, with net income attributable to stockholders increasing 34.0% to $3.68 million and diluted EPS rising 33.8% to $1.98. Total revenues for the period grew 5.5% to $109.08 million. The company also refinanced a $5.677 million mortgage loan and amended a restaurant lease, but faces a conditionally certified FLSA collective action lawsuit.
Key Highlights
- Net income attributable to stockholders for 26 weeks increased 34.0% to $3.68 million.
- Diluted EPS for the 26 weeks ended March 28, 2026, rose 33.8% to $1.98.
- Total revenues for the 26 weeks grew 5.5% to $109.08 million.
- Net income attributable to stockholders for 13 weeks increased 6.9% to $2.875 million.
- Total revenues for the 13 weeks increased 5.9% to $56.515 million.
- Refinanced a $5.677 million mortgage loan at a variable interest rate of 6.03%.
- Amended Surfside restaurant lease, increasing lease liability and right-of-use asset by $2.05 million.
- A FLSA collective action lawsuit was conditionally certified against a franchisee and three limited partnerships.