Flanigan's Enterprises (BDL) investor relations material

Executive summary

• Q3 FY2026 revenue rose 8.30% YoY to $56,203k; net income increased 39.01% to $3,460k, with pricing and higher traffic contributing to growth.

• For 39 weeks, revenue advanced 6.47% to $165,286k and net income rose 36.03% to $8,797k; costs increased more slowly than revenue.

• Operations comprised 32 owned or operated units and five franchised units as of June 27, 2026.

Financial highlights

• Q3 revenue: $56,203k vs. $51,894k YoY; operating income: $4,000k vs. $2,852k; net income attributable to shareholders: $2,061k vs. $1,392k.

• Q3 basic and diluted EPS was $1.11 vs. $0.75 YoY; weighted average shares were 1,858,647 in both periods.

• 39-week revenue was $165,286k vs. $155,248k; operating income was $9,838k vs. $7,120k; attributable net income was $5,741k vs. $4,137k.

• 39-week basic and diluted EPS was $3.09 vs. $2.23 YoY; weighted average shares were 1,858,647 in both periods.

Outlook and guidance

• FY2026 restaurant food sales expected to increase on recent menu price increases; bar sales expected to grow from pricing, partly offset by softer alcohol consumption.

• Package-store sales expected to increase on higher store traffic, including e-commerce; package merchandise margins expected to decline from higher costs and competitive price reductions.

• Costs and expenses expected to continue rising through FY2026; refurbishment costs expected to be ~$750k, with actual refurbishing capex potentially significantly higher.

• Current cash, operating cash flow and borrowing proceeds expected to fund operations and planned capex for at least 12 months, subject to unanticipated expenses or revenue declines.