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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
REVENUES:        
Restaurant food sales $ 25,574 $ 23,484 $ 72,554 $ 62,501
Restaurant bar sales 6,755 5,617 19,431 15,110
Package store sales 7,626 8,082 24,285 23,923
Franchise related revenues 460 444 1,384 1,252
Rental income 213 250 611 663
Other operating income 47 58 143 223
Total 40,675 37,935 118,408 103,672
Cost of merchandise sold:        
Restaurant and lounges 11,870 9,964 33,577 25,948
Package goods 5,630 5,911 17,839 17,430
Payroll and related costs 12,798 12,548 37,065 32,475
Occupancy costs 1,777 1,651 5,190 5,059
Selling, general and administrative expenses 6,517 5,252 20,039 16,088
Total 38,592 35,326 113,710 97,000
Income from Operations 2,083 2,609 4,698 6,672
OTHER INCOME (EXPENSE):        
Interest expense (177) (210) (547) (737)
Interest and other income 80 14 117 45
Gain on forgiveness of debt 6,483 3,488 10,136
Gain on sale of property and equipment 11 33
Total other income (expense) (97) 6,287 3,069 9,477
Income before Provision for Income Taxes 1,986 8,896 7,767 16,149
Provision for Income Taxes (22) (475) (522) (1,004)
Net Income 1,964 8,421 7,245 15,145
Less: Net income attributable to noncontrolling interests (129) (1,222) (2,186) (4,715)
Net Income attributable to Flanigan’s Enterprises, Inc. stockholders $ 1,835 $ 7,199 $ 5,059 $ 10,430
Net Income Per Common Share:        
Basic and Diluted $ 0.99 $ 3.87 $ 2.72 $ 5.61
Basic and Diluted 1,858,647 1,858,647 1,858,647 1,858,647