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BUSINESS SEGMENTS
 6 Months Ended
Mar. 29, 2025
Business Segments [Abstract]  
BUSINESS SEGMENTS

(8) 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 March 29, 2025 and March 30, 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   $ 32,586     $ —     $ —     $ —     $ 32,586  
Intersegment revenues     1,092       —       —       (1,092 )     —  
Restaurant bar sales     8,194       —       —       —       8,194  
Package goods sales     —       12,051       —       —       12,051  
TOTAL REVENUE:     41,872       12,051       —       (1,092 )     52,831  
COST OF MERCHANDISE SOLD:                                        
Cost of merchandise sold:     13,365       8,669       —       —       22,034  
Intersegment cost of merchandise sold     1,092       —       —       (1,092 )     —  
TOTAL COST OF MERCHANDISE SOLD:     14,457       8,669       —       (1,092 )     22,034  
GROSS PROFIT:     27,415       3,382       —       —       30,797  
                                         
ADDITIONAL REVENUES:                                        
Franchise-related revenues     —       —       459       —       459  
Intersegment franchise-related revenues     —       —       1,389       (1,389 )     —  
Rental income     —       —       273       —       273  
Intersegment rental income     —       —       215       (215 )     —  
Intersegment partnership income     —       —       384       (384 )     —  
Other revenues     41       —       28       —       69  
TOTAL ADDITIONAL REVENUES:     41       —       2,748       (1,988 )     801  
                                         
ADDITIONAL EXPENSES:                                        
Payroll and related costs     13,125       843       2,216       —       16,184  
Operating expenses     5,810       795       452       —       7,057  
Intersegment operating expenses     638       —       679       (1,317 )     —  
Occupancy costs     1,707       236       160       —       2,103  
Intersegment occupancy costs     167       48       —       (215 )     —  
Selling, general and administrative expenses     376       51       1,031       —       1,458  
Intersegment selling, general and administrative expenses     —       —       71       (71 )     —  
Depreciation and amortization     887       126       148       —       1,161  
                                         
TOTAL ADDITIONAL EXPENSES:     22,710       2,099       4,757       (1,603 )     27,963  
                                         
Income (Loss) from Operations     4,746       1,283       (2,009 )     (385 )     3,635  
                                         
OTHER INCOME (EXPENSE):                                        
Interest expense     —       —       (235 )     —       (235 )
Intersegment interest expense     —       —       (2 )     2       —  
Interest and other income     4       24       229       —       257  
Intersegment interest and other income     —       —       2       (2 )     —  
      4       24       (6 )     —       22  
                                         
Income (loss) before provision for income taxes:     4,750       1,307       (2,015 )     (385 )     3,657  
                                         
Provision for income taxes     —       —       (311 )     —       (311 )
                                         
Net Income (Loss)     4,750       1,307       (2,326 )     (385 )     3,346  
                                         
Less: Net Income attributable to noncontrolling interests     (656 )     —       —       —       (656 )
                                         
Net Income (Loss) Attributable to Flanigan's Enterprises, Inc.   $ 4,094     $ 1,307     $ (2,326 )   $ (385 )   $ 2,690  
    Restaurant     Package     Corporate     Eliminations     Total  
REVENUES:                                        
Restaurant food sales   $ 29,356     $ —     $ —     $ —     $ 29,356  
Intersegment revenues     1,066       —       —       (1,066 )     —  
Restaurant bar sales     7,740       —       —       —       7,740  
Package goods sales     —       10,140       —       —       10,140  
TOTAL REVENUE:     38,162       10,140       —       (1,066 )     47,236  
COST OF MERCHANDISE SOLD:                                        
Cost of merchandise sold:     12,210       7,492       —       —       19,702  
Intersegment cost of merchandise sold     1,066       —       —       (1,066 )     —  
TOTAL COST OF MERCHANDISE SOLD:     13,276       7,492       —       (1,066 )     19,702  
GROSS PROFIT:     24,886       2,648       —       —       27,534  
                                         
ADDITIONAL REVENUES:                                        
Franchise-related revenues     —       —       445       —       445  
Intersegment franchise-related revenues     —       —       1,535       (1,535 )     —  
Rental income     —       —       313       —       313  
Intersegment rental income     —       —       213       (213 )     —  
Intersegment partnership income     —       —       397       (397 )     —  
Other revenues     46       —       29       —       75  
TOTAL ADDITIONAL REVENUES:     46       —       2,932       (2,145 )     833  
                                         
ADDITIONAL EXPENSES:                                        
Payroll and related costs     12,187       735       2,050       —       14,972  
Intersegment payroll costs     —       (6 )     —       6       —  
Operating expenses     5,241       722       420       —       6,383  
Intersegment operating expenses     629       —       846       (1,475 )     —  
Occupancy costs     1,592       217       121       —       1,930  
Intersegment occupancy costs     167       47       —       (214 )     —  
Selling, general and administrative expenses     361       40       985       —       1,386  
Intersegment selling, general and administrative expenses     —       —       71       (71 )     —  
Depreciation and amortization     751       125       135       —       1,011  
                                         
TOTAL ADDITIONAL EXPENSES:     20,928       1,880       4,628       (1,754 )     25,682  
                                         
Income (Loss) from Operations     4,004       768       (1,696 )     (391 )     2,685  
                                         
OTHER INCOME (EXPENSE):                                        
Interest expense     —       —       (255 )     —       (255 )
Intersegment interest expense     —       —       (2 )     2       —  
Interest and other income     4       19       16       —       39  
Intersegment interest and other income     —       5       2       (7 )     —  
      4       24       (239 )     (5 )     (216 )
                                         
Income (loss) before provision for income taxes:     4,008       792       (1,935 )     (396 )     2,469  
                                         
Benefit for income taxes     —       —         55       —       55  
                                         
Net Income (Loss)     4,008       792       (1,880 )     (39 6)     2,524  
                                         
Less: Net Income attributable to noncontrolling interests     (582 )     —       —       —       (582 )
                                         
Net Income (Loss) Attributable to Flanigan's Enterprises, Inc.   $ 3,426     $ 792     $ (1,880 )   $ (396 )   $ 1,942  
    Restaurant     Package     Corporate     Eliminations     Total  
REVENUES:                                        
Restaurant food sales   $ 61,712     $ —     $ —     $ —     $ 61,712  
Intersegment revenues     2,104       —       —       (2,104 )     —  
Restaurant bar sales     16,156       —       —       —       16,156  
Package goods sales     —       24,486       —       —       24,486  
TOTAL REVENUE:     79,972       24,486       —       (2,104 )     102,354  
COST OF MERCHANDISE SOLD:                                        
Cost of merchandise sold:     26,394       18,150       —       —       44,544  
Intersegment cost of merchandise sold     2,104       —       —       (2,104 )     —  
TOTAL COST OF MERCHANDISE SOLD:     28,498       18,150       —       (2,104 )     44,544  
GROSS PROFIT:     51,474       6,336       —       —       57,810  
                                         
ADDITIONAL REVENUES:                                        
Franchise-related revenues     —       —       890       —       890  
Intersegment franchise-related revenues     —       —       2,830       (2,830 )     —  
Rental income     —       —       540       —       540  
Intersegment rental income     —       —       429       (429 )     —  
Intersegment partnership income     —       —       633       (633 )     —  
Other revenues     73       —       37       —       110  
TOTAL ADDITIONAL REVENUES:     73       —       5,359       (3,892 )     1,540  
                                         
ADDITIONAL EXPENSES:                                        
Payroll and related costs     26,247       1,745       3,938       —       31,930  
Operating expenses     11,197       1,516       898       —       13,611  
Intersegment operating expenses     1,252       —       1,434       (2,686 )     —  
Occupancy costs     3,300       450       307       —       4,057  
Intersegment occupancy costs     333       96       —       (429 )     —  
Selling, general and administrative expenses     860       87       2,005       —       2,952  
Intersegment selling, general and administrative expenses     —       —       143       (143 )     —  
Depreciation and amortization     1,767       251       289       —       2,307  
                                         
TOTAL ADDITIONAL EXPENSES:     44,956       4,145       9,014       (3,258 )     54,857  
                                         
Income (Loss) from Operations     6,591       2,191       (3,655 )     (634 )     4,493  
                                         
OTHER INCOME (EXPENSE):                                        
Interest expense     —       —       (485 )     —       (485 )
Intersegment interest expense     —       —       (4 )     4       —  
Interest and other income     8       40       268       —       316  
Intersegment interest and other income     —       —       4       (4 )     —  
      8       40       (217 )     —       (169 )
                                         
Income (loss) before provision for income taxes:     6,599       2,231       (3,872 )     (634 )     4,324  
                                         
Provision for income taxes     —       —       (346 )     —       (346 )
                                         
Net Income (Loss)     6,599       2,231       (4,218 )     (634 )     3,978  
                                         
Less: Net Income attributable to noncontrolling interests     (1,233 )     —       —       —       (1,233 )
                                         
Net Income (Loss) Attributable to Flanigan's Enterprises, Inc.   $ 5,366     $ 2,231     $ (4,218 )   $ (634 )   $ 2,745  
    Restaurant     Package     Corporate     Eliminations     Total  
REVENUES:                                        
Restaurant food sales   $ 55,711     $ —     $ —     $ —     $ 55,711  
Intersegment revenues     2,023       —       —       (2,023 )     —  
Restaurant bar sales     15,203       —       —       —       15,203  
Package goods sales     —       20,742       —       —       20,742  
TOTAL REVENUE:     72,937       20,742       —       (2,023 )     91,656  
COST OF MERCHANDISE SOLD:                                        
Cost of merchandise sold:     24,041       15,372       —       —       39,413  
Intersegment cost of merchandise sold     2,023       —       —       (2,023 )     —  
TOTAL COST OF MERCHANDISE SOLD:     26,064       15,372       —       (2,023 )     39,413  
GROSS PROFIT:     46,873       5,370       —       —       52,243  
                                         
ADDITIONAL REVENUES:                                        
Franchise-related revenues     —       —       863       —       863  
Intersegment franchise-related revenues     —       —       3,094       (3,094 )     —  
Rental income     —       —       566       —       566  
Intersegment rental income     —       —       421       (421 )     —  
Intersegment partnership income     —       —       629       (629 )     —  
Other revenues     87       —       37       —       124  
TOTAL ADDITIONAL REVENUES:     87       —       5,610       (4,144 )     1,553  
                                         
ADDITIONAL EXPENSES:                                        
Payroll and related costs     24,119       1,578       3,660       —       29,357  
Intersegment payroll costs     —       (12 )     —       12       —  
Operating expenses     10,126       1,352       819       —       12,297  
Intersegment operating expenses     1,232       —       1,741       (2,973 )     —  
Occupancy costs     3,319       497       278       —       4,094  
Intersegment occupancy costs     332       90       —       (422 )     —  
Selling, general and administrative expenses     569       90       1,920       —       2,579  
Intersegment selling, general and administrative expenses     —       —       143       (143 )     —  
Depreciation and amortization     1,474       252       266       —       1,992  
                                         
TOTAL ADDITIONAL EXPENSES:     41,171       3,847       8,827       (3,526 )     50,319  
                                         
Income (Loss) from Operations     5,789       1,523       (3,217 )     (618 )     3,477  
                                         
OTHER INCOME (EXPENSE):                                        
Interest expense     —       —       (517 )     —       (517 )
Intersegment interest expense     —       —       (4 )     4       —  
Interest and other income     13       37       35       —       85  
Intersegment interest and other income     —       10       4       (14 )     —  
      13       47       (482 )     (10 )     (432 )
                                         
Income (loss) before provision for income taxes:     5,802       1,570       (3,699 )     (628 )     3,045  
                                         
Benefit for income taxes     —       —       73       —       73  
                                         
Net Income (Loss)     5,802       1,570       (3,626 )     (628 )     3,118  
                                         
Less: Net Income attributable to noncontrolling interests     (1,067 )     —       —       —       (1,067 )
                                         
Net Income (Loss) Attributable to Flanigan's Enterprises, Inc.   $ 4,735     $ 1,570     $ (3,626 )   $ (628 )   $ 2,051  
    (in thousands)  
    Thirteen Weeks Ended     Twenty-Six Weeks Ended  
    March 29,     March 30,     March 29,     March 30,  
    2025     2024     2025     2024  
Capital Expenditures:                                
Restaurants   $ 598     $ 2,494     $ 1,117     $ 3,638  
Package stores     55       19       177       66  
Corporate     333       423       437       610  
Consolidated Totals   $ 986     $ 2,936     $ 1,731     $ 4,314  

 

    (in thousands)  
    March 29,     September 28  
    2025     2024  
Identifiable Assets:                
Restaurants   $ 76,840     $ 77,613  
Package stores     23,365       23,084  
Corporate     43,102       41,385  
Consolidated Totals   $ 143,307     $ 142,082