v3.26.1
BUSINESS SEGMENTS
 9 Months Ended
Jun. 27, 2026
Business Segments [Abstract]  
BUSINESS SEGMENTS

(10) BUSINESS SEGMENTS:

 

We operate in two reportable segments – package stores and restaurants. The operation of package stores consists of retail liquor sales and related items. The operation of restaurants consists of restaurant food and bar sales. Operating income is total revenue less cost of merchandise sold and operating expenses relative to each segment. In order to evaluate each of these two operating segments we also break out our Corporate entity which functions as a cost center accumulating expenses that do not directly relate to the reportable segments operations. As such, our Chief Operating Decision Maker (CODM) (our Chief Financial Officer) ensures that these expenses are separated in order to properly evaluate the two main reportable segments as presented below. We have disclosed for each reportable segment the significant expense categories that are reviewed by CODM in the tables below and there are no additional significant expenses within the expense categories presented. The key areas of focus by CODM for allocation of resources are revenues from each reportable segment, as well as their cost of merchandise sold, payroll related costs, and operating expenses (these figures are presented both pre-elimination and post-elimination with a line clearly distinguishing the elimination amounts). While CODM analyzes these categories, the area of focus is period over period fluxes to determine that the right allocation of resources is attributed to each segment in order to ensure profitability is maximized. Gross profit is not shown on the Unaudited Condensed Consolidated Statements of Income but is a metric that CODM uses to assess segment performance and as such is included in the tables below. In computing operating income, none of the following items have been included: interest expense, other non-operating income and expenses and income taxes. Identifiable assets by segment are those assets that are used in our operations in each segment. Corporate assets are principally cash and real property, improvements, furniture, equipment and vehicles used at our corporate headquarters. We do not have any operations outside of the United States and transactions between restaurants and package liquor stores are not material. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. CODM analyzes each segment’s income from operations for making decisions regarding resource allocation. Information concerning the revenues and operating income for the quarters ended June 27, 2026, and June 28, 2025, and identifiable assets for the two reportable segments in which we operate, are shown in the following tables.

 

Thirteen Weeks Ended June 27, 2026

(in thousands)

    Restaurant     Package     Corporate     Eliminations     Total  
REVENUES:                                        
Restaurant food sales   $ 34,436     $ —     $ —     $ —     $ 34,436  
Intersegment revenues     1,358       —       —       (1,358 )     —  
Restaurant bar sales     8,242       —       —       —       8,242  
Package store sales     —       12,979       —       —       12,979  
TOTAL REVENUE:     44,036       12,979       —       (1,358 )     55,657  
COST OF MERCHANDISE SOLD:                                        
Cost of merchandise sold:     13,689       9,850       —       —       23,539  
Intersegment cost of merchandise sold     1,358       —       —       (1,358 )     —  
TOTAL COST OF MERCHANDISE SOLD:     15,047       9,850       —       (1,358 )     23,539  
GROSS PROFIT:     28,989       3,129       —       —       32,118  
                                         
ADDITIONAL REVENUES:                                        
Franchise-related revenues     —       —       457       —       457  
Intersegment franchise-related revenues     —       —       1,529       (1,529 )     —  
Intersegment partnership income     —       —       628       (628 )     —  
Other revenues     56       —       33       —       89  
TOTAL ADDITIONAL REVENUES:     56       —       2,647       (2,157 )     546  
                                         
ADDITIONAL EXPENSES:                                        
Payroll and related costs     13,765       909       2,124       —       16,798  
Operating expenses     5,872       888       400       —       7,160  
Intersegment operating expenses     681       —       777       (1,458 )     —  
Occupancy costs     1,755       212       124       —       2,091  
Intersegment occupancy costs     168       51       —       (219 )     —  
Selling, general and administrative expenses     325       38       1,049       —       1,412  
Intersegment selling, general and administrative expenses     —       —       72       (72 )     —  
Depreciation and amortization     964       131       108       —       1,203  
TOTAL ADDITIONAL EXPENSES:     23,530       2,229       4,654       (1,749 )     28,664  
                                         
Income (Loss) from Operations     5,515       900       (2,007 )     (408 )     4,000  
                                         
OTHER INCOME (EXPENSE):                                        
Interest expense     —       —       (384 )     —       (384 )
Intersegment interest expense     —       —       (2 )     2       —  
Interest and other income     —       37       34       —       71  
Intersegment interest and other income     —       —       2       (2 )     —  
Rental income     —       —       296       —       296  
Intersegment rental income     —       —       219       (219 )     —  
Rental expense     —       —       (144 )     —       (144 )
Loss on extinguishment of debt     —       —       (40 )     —       (40 )
      —       37       (19 )     (219 )     (201 )
                                         
Income (loss) before provision for income taxes:     5,515       937       (2,026 )     (627 )     3,799  
                                         
Provision for income taxes     —       —       (339 )     —       (339 )
                                         
Net Income (Loss)     5,515       937       (2,365 )     (627 )     3,460  
                                         
Less: Net Income attributable to noncontrolling interests     (1,399 )     —       —       —       (1,399 )
                                         
Net Income (Loss) attributable to Flanigan’s Enterprises, Inc.   $ 4,116     $ 937     $ (2,365 )   $ (627 )   $ 2,061  

 

Thirteen Weeks Ended June 28, 2025

(in thousands)

    Restaurant     Package     Corporate     Eliminations     Total  
REVENUES:                                        
Restaurant food sales   $ 31,933     $ —     $ —     $ —     $ 31,933  
Intersegment revenues     1,189       —       —       (1,189 )     —  
Restaurant bar sales     7,931       —       —       —       7,931  
Package store sales     —       11,522       —       —       11,522  
TOTAL REVENUE:     41,053       11,522       —       (1,189 )     51,386  
COST OF MERCHANDISE SOLD:                                        
Cost of merchandise sold:     12,963       8,779       —       —       21,742  
Intersegment cost of merchandise sold     1,189       —       —       (1,189 )     —  
TOTAL COST OF MERCHANDISE SOLD:     14,152       8,779       —       (1,189 )     21,742  
GROSS PROFIT:     26,901       2,743       —       —       29,644  
                                         
ADDITIONAL REVENUES:                                        
Franchise-related revenues     —       —       442       —       442  
Intersegment franchise-related revenues     —       —       1,386       (1,386 )     —  
Intersegment partnership income     —       —       580       (580 )     —  
Other revenues     39       —       27       —       66  
TOTAL ADDITIONAL REVENUES:     39       —       2,435       (1,966 )     508  
                                         
ADDITIONAL EXPENSES:                                        
Payroll and related costs     13,104       928       2,074       —       16,106  
Operating expenses     5,795       796       381       —       6,972  
Intersegment operating expenses     636       —       680       (1,316 )     —  
Occupancy costs     1,704       179       98       —       1,981  
Intersegment occupancy costs     166       49       —       (215 )     —  
Selling, general and administrative expenses     381       42       651       —       1,074  
Intersegment selling, general and administrative expenses     —       —       72       (72 )     —  
Depreciation and amortization     880       127       160       —       1,167  
TOTAL ADDITIONAL EXPENSES:     22,666       2,121       4,116       (1,603 )     27,300  
                                         
Income (Loss) from Operations     4,274       622       (1,681 )     (363 )     2,852  
                                         
OTHER INCOME (EXPENSE):                                        
Interest expense     —       —       (237 )     —       (237 )
Intersegment interest expense     —       —       (2 )     2       —  
Interest and other income (expense)     2       24       (32 )     —       (6 )
Intersegment interest and other income     —       —       2       (2 )     —  
Rental income     —       —       270               270  
Intersegment rental income     —       —       216       (216 )     —  
Rental expense     —       —       (148 )     —       (148 )
      2       24       69       (216 )     (121 )
                                         
Income (loss) before provision for income taxes:     4,276       646       (1,612 )     (579 )     2,731  
                                         
Provision for income taxes     —       —       (242 )     —       (242 )
                                         
Net Income (Loss)     4,276       646       (1,854 )     (579 )     2,489  
                                         
Less: Net Income attributable to noncontrolling interests     (1,097 )     —       —       —       (1,097 )
                                         
Net Income (Loss) attributable to Flanigan's Enterprises, Inc.   $ 3,179     $ 646     $ (1,854 )   $ (579 )   $ 1,392  

 

Thirty-Nine Weeks Ended June 27, 2026

(in thousands)

    Restaurant     Package     Corporate     Eliminations     Total  
REVENUES:                                        
Restaurant food sales   $ 99,976     $ —     $ —     $ —     $ 99,976  
Intersegment revenues     3,844       —       —       (3,844 )     —  
Restaurant bar sales     24,488       —       —       —       24,488  
Package store sales     —       39,219       —       —       39,219  
TOTAL REVENUE:     128,308       39,219       —       (3,844 )     163,683  
COST OF MERCHANDISE SOLD:                                        
Cost of merchandise sold:     40,909       29,632       —       —       70,541  
Intersegment cost of merchandise sold     3,844       —       —       (3,844 )     —  
TOTAL COST OF MERCHANDISE SOLD:     44,753       29,632       —       (3,844 )     70,541  
GROSS PROFIT:     83,555       9,587       —       —       93,142  
                                         
ADDITIONAL REVENUES:                                        
Franchise-related revenues     —       —       1,368       —       1,368  
Intersegment franchise-related revenues     —       —       4,500       (4,500 )     —  
Intersegment partnership income     —       —       1,550       (1,550 )     —  
Other revenues     153       —       82       —       235  
TOTAL ADDITIONAL REVENUES:     153       —       7,500       (6,050 )     1,603  
                                         
ADDITIONAL EXPENSES:                                        
Payroll and related costs     41,046       2,790       6,143       —       49,979  
Operating expenses     17,079       2,599       1,159       —       20,837  
Intersegment operating expenses     1,994       —       2,292       (4,286 )     —  
Occupancy costs     5,218       637       343       —       6,198  
Intersegment occupancy costs     503       151       —       (654 )     —  
Selling, general and administrative expenses     1,201       132       2,973       —       4,306  
Intersegment selling, general and administrative expenses     —       —       215       (215 )     —  
Depreciation and amortization     2,723       390       474       —       3,587  
TOTAL ADDITIONAL EXPENSES:     69,764       6,699       13,599       (5,155 )     84,907  
                                         
Income (Loss) from Operations     13,944       2,888       (6,099 )     (895 )     9,838  
                                         
OTHER INCOME (EXPENSE):                                        
Interest expense     —       —       (878 )     —       (878 )
Intersegment interest expense     —       —       (6 )     6       —  
Interest and other income     —       91       174       —       265  
Intersegment interest and other income     —       —       6       (6 )     —  
Rental income     —       —       917       —       917  
Intersegment rental income     —       —       654       (654 )     —  
Rental expense     —       —       (411 )     —       (411 )
Loss on extinguishment of debt     —       —       (40 )     —       (40 )
Gain on sale of property and equipment     —       —       19       —       19  
      —       91       435       (654 )     (128 )
                                         
Income (loss) before provision for income taxes:     13,944       2,979       (5,664 )     (1,549 )     9,710  
                                         
Provision for income taxes     —       —       (913 )     —       (913 )
                                         
Net Income (Loss)     13,944       2,979       (6,577 )     (1,549 )     8,797  
                                         
Less: Net Income attributable to noncontrolling interests     (3,056 )     —       —       —       (3,056 )
                                         
Net Income (Loss) attributable to Flanigan's Enterprises, Inc.   $ 10,888     $ 2,979     $ (6,577 )   $ (1,549 )   $ 5,741  

 

Thirty-Nine Weeks Ended June 28, 2025

(in thousands)

    Restaurant     Package     Corporate     Eliminations     Total  
REVENUES:                                        
Restaurant food sales   $ 93,645     $ —     $ —     $ —     $ 93,645  
Intersegment revenues     3,293       —       —       (3,293 )     —  
Restaurant bar sales     24,087       —       —       —       24,087  
Package store sales     —       36,008       —       —       36,008  
TOTAL REVENUE:     121,025       36,008       —       (3,293 )     153,740  
COST OF MERCHANDISE SOLD:                                        
Cost of merchandise sold:     39,727       26,929       —       —       66,656  
Intersegment cost of merchandise sold     3,293       —       —       (3,293 )     —  
TOTAL COST OF MERCHANDISE SOLD:     43,020       26,929       —       (3,293 )     66,656  
GROSS PROFIT:     78,005       9,079       —       —       87,084  
                                         
ADDITIONAL REVENUES:                                        
Franchise-related revenues     —       —       1,332       —       1,332  
Intersegment franchise-related revenues     —       —       4,216       (4,216 )     —  
Intersegment partnership income     —       —       1,213       (1,213 )     —  
Other revenues     112       —       64       —       176  
TOTAL ADDITIONAL REVENUES:     112       —       6,825       (5,429 )     1,508  
                                         
ADDITIONAL EXPENSES:                                        
Payroll and related costs     39,351       2,673       6,012       —       48,036  
Operating expenses     16,622       2,283       1,209       —       20,114  
Intersegment operating expenses     1,888       —       2,114       (4,002 )     —  
Occupancy costs     5,004       570       274       —       5,848  
Intersegment occupancy costs     499       145       —       (644 )     —  
Selling, general and administrative expenses     1,241       128       2,631       —       4,000  
Intersegment selling, general and administrative expenses     —       —       215       (215 )     —  
Depreciation and amortization     2,647       378       449       —       3,474  
TOTAL ADDITIONAL EXPENSES:     67,252       6,177       12,904       (4,861 )     81,472  
                                         
Income (Loss) from Operations     10,865       2,902       (6,079 )     (568 )     7,120  
                                         
OTHER INCOME (EXPENSE):                                        
Interest expense     —       —       (722 )     —       (722 )
Intersegment interest expense     —       —       (6 )     6       —  
Interest and other income     10       64       236       —       310  
Intersegment interest and other income     —       —       6       (6 )     —  
Rental Income     —       —       810       —       810  
Intersegment rental income     —       —       645       (645 )     —  
Rental expense     —       —       (463 )     —       (463 )
      10       64       506       (645 )     (65 )
                                         
Income (loss) before provision for income taxes:     10,875       2,966       (5,573 )     (1,213 )     7,055  
                                         
Provision for income taxes     —       —       (588 )     —       (588 )
                                         
Net Income (Loss)     10,875       2,966       (6,161 )     (1,213 )     6,467  
                                         
Less: Net Income attributable to noncontrolling interests     (2,330 )     —       —       —       (2,330 )
                                         
Net Income (Loss) attributable to Flanigan's Enterprises, Inc.   $ 8,545     $ 2,966     $ (6,161 )   $ (1,213 )   $ 4,137  

 

    (in thousands)  
    Thirteen Weeks Ended     Thirty-Nine Weeks Ended  
    June 27,     June 28,     June 27,     June 28,  
    2026     2025     2026     2025  
Capital Expenditures:                                
Restaurants   $ 9,275     $ 2,983     $ 10,467     $ 4,100  
Package stores     85       24       229       201  
Corporate     92       218       409       655  
Consolidated Totals   $ 9,452     $ 3,225     $ 11,105     $ 4,956  

 

    (in thousands)  
    June     September 27  
    27, 2026     2025  
Identifiable Assets:                
Restaurants   $ 85,074     $ 76,500  
Package stores     24,002       24,053  
Corporate     48,457       40,070  
Consolidated Totals   $ 157,533     $ 140,623