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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Apr. 01, 2023
Apr. 02, 2022
REVENUES:        
Restaurant food sales $ 27,113 $ 24,775 $ 51,880 $ 46,980
Restaurant bar sales 7,281 6,669 14,269 12,676
Package store sales 8,659 8,148 18,062 16,659
Franchise related revenues 484 478 943 924
Rental income 218 199 431 398
Other operating income 48 61 79 96
Total 43,803 40,330 85,664 77,733
Cost of merchandise sold:        
Restaurant and lounges 11,210 11,374 22,016 21,707
Package goods 6,212 5,869 13,196 12,209
Payroll and related costs 14,174 12,031 27,810 24,267
Occupancy costs 1,878 1,715 3,726 3,413
Selling, general and administrative expenses 7,618 7,491 15,008 13,522
Cost and expenses 41,092 38,480 81,756 75,118
Income from Operations 2,711 1,850 3,908 2,615
OTHER INCOME (EXPENSE):        
Interest expense (262) (177) (537) (370)
Interest and other income 19 23 34 37
Gain on forgiveness of PPP loans 3,488
Gain on sale of property and equipment 11
Total other income (expense) (243) (154) (503) 3,166
Income before Provision for Income Taxes 2,468 1,696 3,405 5,781
Provision for Income Taxes (290) (353) (353) (500)
Net Income 2,178 1,343 3,052 5,281
Less: Net loss (income) attributable to noncontrolling interests (281) 317 (531) (2,057)
Net Income attributable to, Flanigan’s Enterprises, Inc. stockholders $ 1,897 $ 1,660 $ 2,521 $ 3,224
Net Income Per Common Share:        
Basic and Diluted (in Dollars per share) $ 1.02 $ 0.89 $ 1.36 $ 1.73
Weighted Average Shares and Equivalent Shares Outstanding:        
Basic and Diluted (in Shares) 1,858,647 1,858,647 1,858,647 1,858,647