BUSINESS SEGMENTS

9 Months Ended

Jun. 28, 2025

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 28, 2025 and June 29, 2024, and identifiable assets for the two reportable segments in which we operate, are shown in the following tables.

	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 goods sales		—			11,522		—			—			11,522
TOTAL REVENUE:		41,053			11,522		—			(1,189	)		51,386
COST OF MERCHANDISE SOLD:
Cost of merchandise sold:		12,955			8,779		—			—			21,734
Intersegment cost of merchandise sold		1,189			—		—			(1,189	)		—
TOTAL COST OF MERCHANDISE SOLD:		14,144			8,779		—			(1,189	)		21,734
GROSS PROFIT:		26,909			2,743		—			—			29,652
ADDITIONAL REVENUES:
Franchise-related revenues		—			—		442			—			442
Intersegment franchise-related revenues		—			—		1,386			(1,386	)		—
Rental income		—			—		270			—			270
Intersegment rental income		—			—		216			(216	)		—
Intersegment partnership income		—			—		580			(580	)		—
Other revenues		39			—		27			—			66
TOTAL ADDITIONAL REVENUES:		39			—		2,921			(2,182	)		778
ADDITIONAL EXPENSES:
Payroll and related costs		13,104			928		2,074			—			16,106
Operating expenses		5,803			811		415			—			7,029
Intersegment operating expenses		636			—		680			(1,316	)		—
Occupancy costs		1,704			206		160			—			2,070
Intersegment occupancy costs		166			49		—			(215	)		—
Selling, general and administrative expenses		381			43		660			—			1,084
Intersegment selling, general and administrative expenses		—			—		72			(72	)		—
Depreciation and amortization		880			127		160			—			1,167
TOTAL ADDITIONAL EXPENSES:		22,674			2,164		4,221			(1,603	)		27,456
Income (Loss) from Operations		4,274			579		(1,300	)		(579	)		2,974
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	)		—
		2			24		(269	)		—			(243	)
Income (loss) before provision for income taxes:		4,276			603		(1,569	)		(579	)		2,731
Provision for income taxes		—			—		(242	)		—			(242	)
Net Income (Loss)		4,276			603		(1,811	)		(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		$	603	$	(1,811	)	$	(579	)	$	1,392

	Restaurant			Package			Corporate			Eliminations			Total
REVENUES:
Restaurant food sales	$	30,471		$	—		$	—		$	—		$	30,471
Intersegment revenues		1,092			—			—			(1,092	)		—
Restaurant bar sales		7,577			—			—			—			7,577
Package goods sales		—			10,292			—			—			10,292
TOTAL REVENUE:		39,140			10,292			—			(1,092	)		48,340
COST OF MERCHANDISE SOLD:
Cost of merchandise sold:		13,104			7,703			—			—			20,807
Intersegment cost of merchandise sold		1,092			—			—			(1,092	)		—
TOTAL COST OF MERCHANDISE SOLD:		14,196			7,703			—			(1,092	)		20,807
GROSS PROFIT:		24,944			2,589			—			—			27,533
ADDITIONAL REVENUES:
Franchise-related revenues		—			—			428			—			428
Intersegment franchise-related revenues		—			—			1,390			(1,390	)		—
Rental income		—			—			278			—			278
Intersegment rental income		—			—			214			(214	)		—
Intersegment partnership income		—			—			357			(357	)		—
Other revenues		40			—			16			—			56
TOTAL ADDITIONAL REVENUES:		40			—			2,683			(1,961	)		762
ADDITIONAL EXPENSES:
Payroll and related costs		12,658			816			1,827			—			15,301
Intersegment payroll costs		—			(6	)		—			6			—
Operating expenses		5,202			699			367			—			6,268
Intersegment operating expenses		613			—			716			(1,329	)		—
Occupancy costs		1,623			248			153			—			2,024
Intersegment occupancy costs		166			47			—			(213	)		—
Selling, general and administrative expenses		259			42			987			—			1,288
Intersegment selling, general and administrative expenses		—			—			72			(72	)		—
Depreciation and amortization		864			123			140			—			1,127
TOTAL ADDITIONAL EXPENSES:		21,385			1,969			4,262			(1,608	)		26,008
Income (Loss) from Operations		3,599			620			(1,579	)		(353	)		2,287
OTHER INCOME (EXPENSE):
Interest expense		—			—			(251	)		—			(251	)
Intersegment interest expense		—			—			(2	)		2			—
Interest and other income		4			23			19			—			46
Intersegment interest and other income		—			5			2			(7	)		—
Gain on sale of property and equipment		—			—			2			—			2
		4			28			(230	)		(5	)		(203	)
Income (loss) before provision for income taxes:		3,603			648			(1,809	)		(358	)		2,084
Provision for income taxes		—			—			(282	)		—			(282	)
Net Income (Loss)		3,603			648			(2,091	)		(358	)		1,802
Less: Net Income attributable to noncontrolling interests		(681	)		—			—			—			(681	)
Net Income (Loss) Attributable to Flanigan’s Enterprises, Inc.	$	2,922		$	648		$	(2,091	)	$	(358	)	$	1,121

	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 goods sales		—			36,008		—			—			36,008
TOTAL REVENUE:		121,025			36,008		—			(3,293	)		153,740
COST OF MERCHANDISE SOLD:
Cost of merchandise sold:		39,349			26,929		—			—			66,278
Intersegment cost of merchandise sold		3,293			—		—			(3,293	)		—
TOTAL COST OF MERCHANDISE SOLD:		42,642			26,929		—			(3,293	)		66,278
GROSS PROFIT:		78,383			9,079		—			—			87,462
ADDITIONAL REVENUES:
Franchise-related revenues		—			—		1,332			—			1,332
Intersegment franchise-related revenues		—			—		4,216			(4,216	)		—
Rental income		—			—		810			—			810
Intersegment rental income		—			—		645			(645	)		—
Intersegment partnership income		—			—		1,213			(1,213	)		—
Other revenues		112			—		64			—			176
TOTAL ADDITIONAL REVENUES:		112			—		8,280			(6,074	)		2,318
ADDITIONAL EXPENSES:
Payroll and related costs		39,351			2,673		6,012			—			48,036
Operating expenses		17,000			2,327		1,313			—			20,640
Intersegment operating expenses		1,888			—		2,114			(4,002	)		—
Occupancy costs		5,004			656		467			—			6,127
Intersegment occupancy costs		499			145		—			(644	)		—
Selling, general and administrative expenses		1,241			130		2,665			—			4,036
Intersegment selling, general and administrative expenses		—			—		215			(215	)		—
Depreciation and amortization		2,647			378		449			—			3,474
TOTAL ADDITIONAL EXPENSES:		67,630			6,309		13,235			(4,861	)		82,313
Income (Loss) from Operations		10,865			2,770		(4,955	)		(1,213	)		7,467
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	)		—
		10			64		(486	)		—			(412	)
Income (loss) before provision for income taxes:		10,875			2,834		(5,441	)		(1,213	)		7,055
Provision for income taxes		—			—		(588	)		—			(588	)
Net Income (Loss)		10,875			2,834		(6,029	)		(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		$	2,834	$	(6,029	)	$	(1,213	)	$	4,137

	Restaurant			Package			Corporate			Eliminations			Total
REVENUES:
Restaurant food sales	$	86,182		$	—		$	—		$	—		$	86,182
Intersegment revenues		3,115			—			—			(3,115	)		—
Restaurant bar sales		22,780			—			—			—			22,780
Package goods sales		—			31,034			—			—			31,034
TOTAL REVENUE:		112,077			31,034			—			(3,115	)		139,996
COST OF MERCHANDISE SOLD:
Cost of merchandise sold:		37,145			23,075			—			—			60,220
Intersegment cost of merchandise sold		3,115			—			—			(3,115	)		—
TOTAL COST OF MERCHANDISE SOLD:		40,260			23,075			—			(3,115	)		60,220
GROSS PROFIT:		71,817			7,959			—			—			79,776
ADDITIONAL REVENUES:
Franchise-related revenues		—			—			1,291			—			1,291
Intersegment franchise-related revenues		—			—			4,484			(4,484	)		—
Rental income		—			—			844			—			844
Intersegment rental income		—			—			635			(635	)		—
Intersegment partnership income		—			—			986			(986	)		—
Other revenues		127			—			53			—			180
TOTAL ADDITIONAL REVENUES:		127			—			8,293			(6,105	)		2,315
ADDITIONAL EXPENSES:
Payroll and related costs		36,777			2,394			5,487			—			44,658
Intersegment payroll costs		—			(18	)		—			18			—
Operating expenses		15,328			2,051			1,186			—			18,565
Intersegment operating expenses		1,845			—			2,457			(4,302	)		—
Occupancy costs		4,942			745			431			—			6,118
Intersegment occupancy costs		498			137			—			(635	)		—
Selling, general and administrative expenses		828			132			2,907			—			3,867
Intersegment selling, general and administrative expenses		—			—			215			(215	)		—
Depreciation and amortization		2,338			375			406			—			3,119
TOTAL ADDITIONAL EXPENSES:		62,556			5,816			13,089			(5,134	)		76,327
Income (Loss) from Operations		9,388			2,143			(4,796	)		(971	)		5,764
OTHER INCOME (EXPENSE):
Interest expense		—			—			(768	)		—			(768	)
Intersegment interest expense		—			—			(6	)		6			—
Interest and other income		17			60			54			—			131
Intersegment interest and other income		—			15			6			(21	)		—
Gain on sale of property and equipment		—			—			2			—			2
		17			75			(712	)		(15	)		(635	)
Income (loss) before provision for income taxes:		9,405			2,218			(5,508	)		(986	)		5,129
Provision for income taxes		—			—			(209	)		—			(209	)
Net Income (Loss)		9,405			2,218			(5,717	)		(986	)		4,920
Less: Net Income attributable to noncontrolling interests		(1,748	)		—			—			—			(1,748	)
Net Income (Loss) Attributable to Flanigan’s Enterprises, Inc.	$	7,657		$	2,218		$	(5,717	)	$	(986	)	$	3,172

	(in thousands)
	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	June 28,		June 29,		June 28,		June 29,
	2025		2024		2025		2024
Capital Expenditures:
Restaurants	$	2,983	$	848	$	4,100	$	4,486
Package stores		24		48		201		114
Corporate		218		72		655		682
Consolidated Totals	$	3,225	$	968	$	4,956	$	5,282

	(in thousands)
	June 28,		September 28
	2025		2024
Identifiable Assets:
Restaurants	$	78,186	$	77,613
Package stores		23,237		23,084
Corporate		39,271		41,385
Consolidated Totals	$	140,694	$	142,082