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Flanigan's Enterprises, Inc. News

Flanigan's Announces Earnings

FORT LAUDERDALE, Fla., May 14 PRNewswire-FirstCall — FLANIGAN'S ENTERPRISES, INC., owners and operators of the "Flanigan's Seafood Bar and Grill" restaurants and "Big Daddy's" retail liquor stores, announced results for the 13 weeks and the 26 weeks ended March 29, 2008. The table below sets forth the results on a comparative basis with the 13 weeks and 26 weeks ended March 29, 2008 and March 31, 2007.

For the 13 weeks For the 13 weeks ended March 29, ended March 31, 2008 2007 REVENUES ———————— ———————— ———— RESTAURANT FOOD AND BEVERAGE REVENUES $13,266,000 $12,378,000 PACKAGE STORE REVENUES 3,400,000 3,531,000 FRANCHISE REVENUES 211,000 308,000 OWNER'S FEE 49,000 40,000 OTHER OPERATING REVENUE 57,000 47,000 ———————— ———————— TOTAL REVENUES $16,983,000 $16,304,000 ================ ================ NET INCOME $470,000 $332,000 ================ ================ NET INCOME PER COMMON SHARE Basic EPS $.25 $.18 ================ ================ Diluted EPS $.25 $.17 ================ ================ For the 26 weeks For the 26 weeks ended March 29, ended March 31, 2008 2007 ———————— ———————— RESTAURANT FOOD AND BEVERAGE REVENUES $25,303,000 $23,495,000 PACKAGE STORE REVENUES 6,831,000 7,013,000 FRANCHISE REVENUES 542,000 608,000 OWNER'S FEE 115,000 80,000 OTHER OPERATING INCOME 96,000 93,000 ———————— ———————— TOTAL REVENUES $32,887,000 $31,289,000 ================ ================ NET INCOME $655,000 $656,000 ================ ================ NET INCOME PER COMMON SHARE Basic EPS $.35 $.35 ================ ================ Diluted EPS $.34 $.34 ================ ================

SOURCE Flanigan's Enterprises, Inc.

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