Flanigan's Enterprises (BDL) Q1 2026 earnings summary

Executive summary

• Q1 FY2026 revenue rose 5.15% YoY to $52.568M; net income increased to $1.499M from $632K, while income attributable to stockholders reached $805K vs. $55K.

• Growth reflected higher restaurant food and package-store sales, increased menu prices and restaurant traffic; softer bar sales and higher operating costs partly offset gains.

Financial highlights

• Revenue was $52.568M vs. $49.995M; operating income was $1.669M vs. $752K; net income was $1.499M vs. $632K for the 13 weeks ended Dec. 27, 2025 and Dec. 28, 2024, respectively.

• Net income attributable to stockholders was $805K vs. $55K; basic and diluted EPS was $0.43 vs. $0.03.

• Operating costs and expenses rose 3.36% to $50.899M, slower than revenue growth; costs as a share of revenue declined to 96.83% from 98.50%.

• Operating cash flow was $4.945M vs. $7.701M; ending cash increased to $22.967M from $20.094M, primarily due to holiday-promotion receipt timing.

Outlook and guidance

• Restaurant food sales for the balance of FY2026 are expected to increase, supported by higher restaurant traffic.

• Package-store sales are expected to increase with higher store traffic, including e-commerce; package-store gross margin is expected to increase slightly for the balance of FY2026.

• Costs and expenses are expected to continue rising through the balance of FY2026; FY2026 refurbishment costs are estimated at $750K, with spending potentially significantly higher.

• Cash on hand and positive operating cash flow are expected to fund operations and planned capital expenditures for at least the next 12 months; management also expects funding for FY2026 operations, debt reduction and planned capex.