Flanigan's Enterprises Posts Higher Profit, Revenue and Cash Generation Across Quarter and Year-to-Date Periods

Bottom line

75 per diluted share USD/SHARES for the three months ended June 28, 2025, with the year-over-year move authorized as profit to profit. - Net Income (Loss) Attributable to Parent for the same three-month reporting period totaled $2,061,000 USD, higher than $1,392,000 USD in the three months ended June 28, 2025, again on a profit-to-profit basis. - Operating Income (Loss) for the three-month reporting period was $4,000,000 USD, higher than the prior-year comparative of $2,852,000 USD for the three months ended June 28, 2025, also moving from profit to profit.

- Revenues for the three-month reporting period were $56,203,000 USD, higher than $51,894,000 USD for the three months ended June 28, 2025, with the directional move authorized as positive to positive. 23 per diluted share USD/SHARES for the nine months ended June 28, 2025, on a profit-to-profit transition. - Net Income (Loss) Attributable to Parent for the nine-month year-to-date period was $5,741,000 USD, higher than $4,137,000 USD for the nine months ended June 28, 2025, again profit to profit.

- Operating Income (Loss) for the nine-month year-to-date period was $9,838,000 USD, higher than $7,120,000 USD for the nine months ended June 28, 2025, on a profit-to-profit basis. - Revenues for the nine-month year-to-date period were $165,286,000 USD, higher than $155,248,000 USD for the nine months ended June 28, 2025, with the directional move authorized as positive to positive. - The filing is the 10-Q report for period-ended-2026-06-27, filed under accession 0001174947-26-000790 for CIK 0000012040, and the source narrative spans the unaudited condensed consolidated financial statements for the thirty-nine weeks referenced in the basis-of-presentation note, together with the accompanying earnings-per-share computation and the recently-issued accounting pronouncement disclosures.

- The filing evidence does not attribute any of the period-over-period movements listed above to a single cause. The filing evidence does not attribute this change to any single cause. - The filing evidence contains no peer or industry comparison.

The filing evidence contains no peer or industry comparison. LINKS:

Financial performance

For FLANIGANS ENTERPRISES INC, the three-month reporting period closed under 10-Q period-ended-2026-06-27 (accession 0001174947-26-000790, CIK 0000012040, ticker BDL). The reported top line for that quarter rose versus the prior-year quarter, while revenue for the nine-month year-to-date period also rose versus the prior-year comparative. Reported facts underpin these movements: Revenues stood at $56,203,000 USD for the quarter and $165,286,000 USD for the year-to-date period, compared with $51,894,000 USD and $155,248,000 USD respectively. Profitability lines followed the same direction. Operating Income (Loss) reached $4,000,000 USD for the three-month reporting period and $9,838,000 USD for the year-to-date window, against $2,852,000 USD and $7,120,000 USD in the prior-year comparatives. Net Income (Loss) Attributable to Parent was $2,061,000 USD for the quarter and $5,741,000 USD year-to-date, against $1,392,000 USD and $4,137,000 USD a year earlier. Earnings Per Share, Diluted measured $1.11 per diluted share USD/SHARES for the quarter and $3.09 per diluted share USD/SHARES for the year-to-date period, against $0.75 per diluted share USD/SHARES and $2.23 per diluted share USD/SHARES respectively. Each authorised comparison recorded a profit-to-profit transition.

Management's accounting context for the period centres on two reclassifications within the condensed consolidated Statements of Income. Rental income was moved from Revenues to Other Income, with the corresponding rental expense shifted out of Operating, Occupancy and Selling, General and Administrative expenses into Other Expense, on the rationale that ancillary activity is better presented separately from core operations. Expenses associated with the redemption of promotional gift cards were reclassified from Operating Expenses to Cost of Merchandise Sold, aligning the presentation with revenue recognition under the cited revenue standard. These presentation changes should be kept in mind when reconciling the reported lines against historical disclosures that used the prior grouping.

Disclosure context for the period is dominated by accounting-policy estimates and recently issued pronouncements that management flagged without quantifying any current-period impact. Sensitivity to estimated useful lives of tangible assets, deferred tax asset and liability recognition, incremental borrowing rates and lease term assumptions for right-of-use assets, and loyalty reward and gift card programs remains disclosed; no revision effect was singled out for the quarter. The filing evidence does not attribute this change to any single cause. Management also disclosed that no new pronouncements were adopted during the thirty-nine weeks ended in the reporting month that had a material impact, and noted prospective adoption of several pending ASUs covering income tax disclosures, expense disaggregation, internal-use software, and interim reporting. The cited note on Stockholders' Equity did not introduce fresh performance drivers for the quarter under review.

Quarter-to-quarter directional moves for the filing's headline lines were not directly evidenced in the available material, and no formal guidance metric or expectation range was disclosed alongside 10-Q period-ended-2026-06-27. The filing evidence does not attribute this change to any single cause. The filing evidence contains no peer or industry comparison. Readers comparing this profile against industry cohorts may find analogous restaurant-sector coverage, such as Good Times Restaurants Posts Broad Profit Gains Across Earnings Lines for the Quarter and Year-to-Date Period, useful as a directional reference.

Operating drivers and segments

- The condensed consolidated financial statements present the FLANIGANS ENTERPRISES INC results as a single reporting entity, with restaurants operated through wholly owned subsidiaries and a group of limited partnerships in which the Company acts as general partner with controlling interests. No separate restaurant-segment, bar-segment, or geographic-segment disaggregation is provided within the cited segment of the 10-Q filing. - Revenue and operating income trend are observable only at the consolidated level. For the three-month reporting period, Revenues were $56,203,000 USD versus $51,894,000 USD, and Operating Income (Loss) was $4,000,000 USD versus $2,852,000 USD. For the nine-month year-to-date period, Revenues were $165,286,000 USD versus $155,248,000 USD, and Operating Income (Loss) was $9,838,000 USD versus $7,120,000 USD. - The reported comparisons confirm that Revenues moved higher year over year on both a quarter and year-to-date basis, and Operating Income (Loss) moved higher year over year on the same comparisons, with a profit-to-profit transition in every case. Margin direction, segment mix, and any restaurant-level driver behind those moves are not separately disclosed in the cited section of the filing. - The accompanying narrative describes a reclassification of rental income from Revenues to Other Income and a reclassification of promotional gift-card redemption costs from Operating Expenses to Cost of Merchandise Sold, framed by management as a more faithful presentation relative to ASC guidance on contracts with customers. Comparable prior-period amounts are not shown within the cited text, so the magnitude of these reclassifications on operating income is not independently verifiable from this filing.

- Management describes the limited-partnership structure as the source of noncontrolling interest, which is presented as a separate line in the consolidated statements; the limited partners’ proportionate share of net assets and results is acknowledged but not quantified within the cited text. - Management identifies critical estimates affecting reported amounts, including useful lives of tangible assets, deferred tax assets and liabilities, incremental borrowing rates and lease terms for right-of-use assets, and loyalty reward and gift card program estimates, with no specific dollar sensitivity disclosed in this section. - Management discusses three recently issued FASB ASUs covering income tax disclosures, expense disaggregation disclosures, and internal-use software capitalization, and notes adoption timing relative to fiscal year-end rather than any current-period income statement effect. - The cited note on Stockholders’ Equity (referenced as the cited note covering Flanigan’s Enterprises, Inc. Stockholders’ Equity and Common Stock) is acknowledged but its content is not reproduced within this section, leaving the equity-side detail unavailable for independent cross-check.

Cash flow and capital

Reported cash-flow profiles for FLANIGANS ENTERPRISES INC (BDL, 10-Q for period-ended-2026-06-27, accession 0001174947-26-000790) describe a year-to-date period in which the core operating engine remained positive while the financing line swung sign and capital deployment stayed largely intact. Operating cash generation during the nine months ended June 27, 2026 came in at $12,825,000 under the operating-activities caption, an authorized increase relative to the $7,150,000 reported for the nine months ended June 28, 2025; the prior-year figure is positive, so the operating line did not change sign — both periods show inflows, with the current nine-month inflow running higher than the prior nine-month inflow.

Investing activity stayed in outflow territory. The investing line for the nine months ended June 27, 2026 was -$11,162,000, an authorized decrease relative to the -$5,677,000 reported for the nine months ended June 28, 2025; both periods are negative, and the current outflow is larger in magnitude than the prior outflow. Within that investing line, capital spending — captured under payments to acquire property, plant, and equipment — moved in the same authorized direction: $10,632,000 for the nine months ended June 27, 2026 versus $4,899,000 for the nine months ended June 28, 2025, an authorized increase in outflow. The narrative describes ongoing real-estate activity that anchors that investment cadence, including the acquisition of the Stuart Property in period-ended-2026-06-27’s third quarter for redevelopment of a free-standing restaurant and demolition of two vacant hotel buildings, plus the earlier purchase of the vacant Cutler Bay Property. The filing evidence does not attribute this change to any single cause.

Financing activity flipped signs. The financing line for the nine months ended June 27, 2026 was $7,086,000 — positive — an authorized increase relative to -$4,665,000 for the nine months ended June 28, 2025, which was negative; in plain English, the company moved from a net cash outflow in the prior nine months to a net cash inflow in the current nine months on the financing line. Dividends, a component captured in the financing section, also stepped up on an authorized basis: $1,115,000 for the nine months ended June 27, 2026 versus $1,022,000 for the nine months ended June 28, 2025, with both periods showing positive cash outflows. The narrative separately references a mortgage refinancing in the first quarter on the Flanigan’s Calusa Center property, an item disclosed under the debt discussion in the cited note, which is consistent with a heavier financing-flow period. The filing evidence does not attribute this change to any single cause.

On the balance-sheet side at the balance sheet date of June 27, 2026, accounts payable and accrued liabilities, current stood at $6,115,000, and long-term debt, excluding current maturities, stood at $29,433,000. The filing evidence does not attribute this change to any single cause. Liquidity context, debt amortization schedules, segment-level allocation, and any reconciliation of free cash flow are not presented in this section’s filing evidence. The filing evidence does not disclose segment-level detail for this dimension. The filing evidence contains no peer or industry comparison. For readers comparing this profile to other consumer names, a parallel pattern of higher operating cash with rising capex appears in Good Times Restaurants Posts Broad Profit Gains Across Earnings Lines for the Quarter and Year-to-Date Period.

Peer and historical context

- The filing under 10-Q for period-ended-2026-06-27 (0001174947-26-000790, 0000012040) gives two windows for a historical comparison: the three-month period versus the prior-year quarter, and the year-to-date period versus the prior-year nine-month window. The source record supports the underlying values for revenues, operating income, net income and operating cash flow across both windows. - Revenues are reported in all four slots: $51,894,000, $56,203,000, $155,248,000 and $165,286,000.

Against the prior-year quarter, the authorized direction for the quarter window is "increase," and the same direction is authorized for the nine-month window, where both sides are positive. The change is reported as a movement; the section is not authorized to characterize magnitude. - Operating income carries through both windows as well: $2,852,000 and $4,000,000 for the quarter, and $7,120,000 and $9,838,000 for the year-to-date.

The authorized transitions are profit-to-profit in both windows, with the current period reported higher than the prior period. - Net income mirrors that pattern: $1,392,000 and $2,061,000 on a profit-to-profit transition, and $4,137,000 and $5,741,000 also moving higher on a profit-to-profit basis. Operating cash flow is shown for the year-to-date only, with $7,150,000 and $12,825,000 both positive and the current period higher, per the authorized direction.

- The historical record visible in the same filing therefore shows an across-the-board improvement on revenue, operating income, net income and operating cash flow in both reporting windows. The authorized comparisons describe direction and sign only; nothing in this section may characterize magnitude, gap size or growth rate, because no ratio, percentage or delta is computable from the catalog. - The filing also carries forward a stockholders' equity reference in Note 9, which is the only numbered reference key available to this section.

It is cited here only to confirm the source of the equity numbers used in the prior-period comparisons; no narrative claim is drawn from it. - A peer or industry comparison is not part of the filing evidence. The machine-owned statement The filing evidence contains no peer or industry comparison.

applies, and no external benchmark is introduced here. - The filing evidence does not attribute this change to any single cause.

Scenario analysis

- Reported results anchor a baseline: Revenues for the three-month period were $56,203,000 USD versus $51,894,000 USD in the prior-year comparative for the three-month period, with Revenues for the nine-month period at $165,286,000 USD versus $155,248,000 USD. - Net Income (Loss) Attributable to Parent for the three-month period was $2,061,000 USD, up from $1,392,000 USD; Net Income (Loss) Attributable to Parent for the nine-month period was $5,741,000 USD versus $4,137,000 USD. - The baseline carries the assumption that the existing restaurant footprint, the lease amendments discussed in the cited note, and the renewed Master Services Agreement continue as written, with no incremental refinancing activity beyond the Calusa Center and the Stuart Property loans already disclosed.

- An upside tilt would lean on the prior-period comparisons in which Revenues expanded and Net Income (Loss) Attributable to Parent showed a profit-to-profit transition in both the quarter and the nine-month framing; if that growth pattern extends, revenue and earnings could continue to print above the prior-period values referenced above. - Operating Income (Loss) likewise showed a profit-to-profit transition with a higher direction in both the quarter and the nine-month view relative to the prior-period comparative, reinforcing the case that margin headroom remains if revenue momentum holds. - Higher Earnings Per Share, Diluted year over year in both periods could continue to compound if the revenue trend described above persists, leaving the year-to-date Net Income (Loss) Attributable to Parent print of $5,741,000 USD and the quarterly print of $2,061,000 USD as a stepping stone rather than a peak. - The filing evidence does not attribute this change to any single cause.

- A downside tilt hinges on a reversal in the Revenues direction, since both the quarter and nine-month readings turned higher versus the prior-period comparatives of $51,894,000 USD and $155,248,000 USD; any softening there would put pressure on the quarterly and year-to-date Net Income (Loss) Attributable to Parent prints of $2,061,000 USD and $5,741,000 USD. - Cash-flow signals add risk: Net Cash Provided by (Used in) Investing Activities flipped direction within the nine-month frame, and Payments to Acquire Property, Plant, and Equipment increased versus the prior-period comparative, even as Net Cash Provided by (Used in) Financing Activities improved from a negative prior-period comparative and Payments of Dividends increased year over year; a heavier capex draw against weaker revenue would compress the cushion visible in the nine-month operating cash flow print. - Refinancing concentration on the Calusa Center mortgage and the new Stuart Property loan lifts interest sensitivity, and the Holiday Promo revenue recognition referenced in the cited note ties reported Revenues to a variable transaction price adjusted for redemption probability. - The filing evidence does not attribute this change to any single cause. - The filing evidence does not disclose segment-level detail for this dimension. - A directional read for context sits alongside Good Times Restaurants Posts Broad Profit Gains Across Earnings Lines for the Quarter and Year-to-Date Period, a comparable restaurant-sector profitability comparison.

Risks and what to watch

- Reported facts: Flanigan’s Enterprises, Inc. reported net income attributable to parent of $2,061,000 USD for the three-month period the three months ended June 27, 2026, versus $1,392,000 USD in the prior-year quarter the three months ended June 28, 2025. For the nine-month year-to-date the nine months ended June 27, 2026, net income attributable to parent was $5,741,000 USD, up from $4,137,000 USD in the nine months ended June 28, 2025.

Revenues for the quarter were $56,203,000 USD, compared with $51,894,000 USD in the prior-year quarter, and for the nine-month period revenues were $165,286,000 USD versus $155,248,000 USD a year earlier. Earnings per share, diluted, and operating income are likewise higher in both the quarter and year-to-date comparisons, with profit-to-profit transitions in every authorized line. Cash from operations is positive year-to-date against a positive prior-year comparative, while cash used in investing is negative year-to-date against a negative prior-year comparative; financing activities are positive year-to-date versus a negative prior-year comparative.

Dividends paid and capital expenditure outflows are both higher year-to-date. - Management explanations: The filing narrative describes two real-property mortgage refinancings during the third quarter — one on the existing South West real property, and a new mortgage on the Hollywood, Florida buildings (Store Building A housing Big Daddy’s Wine & Liquors and Store Building B housing the Flanigan’s Seafood Bar and Grill). Proceeds from the Hollywood financing were directed toward the purchase of the Stuart Property, which itself was financed with a separate mortgage from the same institutional lender.

Each mortgage carries a stated annual interest rate with monthly principal-and-interest payments through a balloon maturity in a subsequent February or May. Management also confirms two successive one-year renewals of the Master Services Agreement with the major vendor, leaving the company contractually obligated to source at least the stated minimum share of overall product needs through that vendor. A Surfside, Florida lease for the limited partnership-owned restaurant was amended during the second quarter.

The cited note covers Stockholders’ Equity, including the Flanigan’s Enterprises, Inc. common stock line. - Analyst inference: The pattern of growing revenue and net income alongside higher capital expenditure outflows and a positive swing in net cash from financing is consistent with active real-estate reinvestment — the company is encumbering owned properties and directing proceeds into additional owned locations such as the Stuart Property.

Balloon maturities concentrate refinancing risk in defined future months, while the multi-property mortgage structure concentrates lender exposure with a single institutional counterparty. The renewed Master Services Agreement sustains vendor concentration, leaving the stated minimum-purchase commitment in force. - Counter-evidence and unknowns: The filing evidence contains no peer or industry comparison, so any read on Flanigan’s relative performance is unsupported.

The filing evidence does not disclose segment-level detail for the revenue line, so a split between restaurant dining, package liquor, and other lines cannot be drawn from this filing. The filing evidence does not attribute the year-over-year changes in revenue, net income, or margins to any single cause: The filing evidence does not attribute this change to any single cause.. Lease-renewal terms, interest rates on each new mortgage, the specific dollar amounts of the financings, the contractual minimum share under the Master Services Agreement, and the precise dates of the cited events are not available in the catalog; readers should rely on the cited note and the narrative in the filing for those specifics.

- Metrics to watch next period: Whether the higher year-to-date revenue and net income carry into the fourth quarter, whether the higher capital expenditure pace is sustained as the Stuart Property is integrated, whether the Master Services Agreement’s minimum-purchase threshold is met under any menu or vendor shifts, and how approaching mortgage balloon maturities are managed — including any further refinancings or new property-level financings — will be the key indicators. Investors may also want to compare this quarter against broader restaurant-sector reads such as Good Times Restaurants Posts Broad Profit Gains Across Earnings Lines for the Quarter and Year-to-Date Period to gauge whether the profit growth is idiosyncratic or part of a wider trend.