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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
REVENUES:        
Restaurant food sales $ 28,126 $ 25,574 $ 80,006 $ 72,554
Restaurant bar sales 7,687 6,755 21,956 19,431
Package store sales 8,791 7,626 26,853 24,285
Franchise related revenues 466 460 1,409 1,384
Rental income 252 213 683 611
Other operating income 50 47 129 143
Total 45,372 40,675 131,036 118,408
Cost of merchandise sold:        
Restaurant and lounges 11,735 11,870 33,751 33,577
Package goods 6,498 5,630 19,694 17,839
Payroll and related costs 14,598 12,798 42,408 37,065
Occupancy costs 1,914 1,777 5,640 5,190
Selling, general and administrative expenses 7,927 6,517 22,935 20,039
Cost and expenses 42,672 38,592 124,428 113,710
Income from Operations 2,700 2,083 6,608 4,698
OTHER INCOME (EXPENSE):        
Interest expense (264) (177) (801) (547)
Interest and other income 26 80 60 117
Gain on forgiveness of PPP loans 3,488
Gain on sale of property and equipment 11
Total other income (expense) (238) (97) (741) 3,069
Income before Provision for Income Taxes 2,462 1,986 5,867 7,767
Provision for Income Taxes (51) (22) (404) (522)
Net Income 2,411 1,964 5,463 7,245
Less: Net loss (income) attributable to noncontrolling interests (806) (129) (1,337) (2,186)
Net Income attributable to Flanigan’s Enterprises Inc. stockholders $ 1,605 $ 1,835 $ 4,126 $ 5,059
Net Income Per Common Share:        
Basic and Diluted (in Dollars per share) $ 0.86 $ 0.99 $ 2.22 $ 2.72
Weighted Average Shares and Equivalent Shares Outstanding        
Basic and Diluted (in Shares) 1,858,647 1,858,647 1,858,647 1,858,647