trending Market Intelligence /marketintelligence/en/news-insights/trending/NaOf1aKgHFLfb1uG2tGISQ2 content esgSubNav
In This List

Flanigan's Enterprises fiscal Q1 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Flanigan's Enterprises fiscal Q1 profit falls YOY

Flanigan's Enterprises Inc. said its normalized net income for the fiscal first quarter ended Jan. 2 was 24 cents per share, a decrease of 24.1% from 31 cents per share in the first quarter ended Dec. 27, 2014.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $442,380, a decline of 24.1% from $583,000 in the first quarter ended Dec. 27, 2014.

The normalized profit margin dropped to 1.8% from 2.5% in the year-earlier period.

Total revenue increased 8.4% year over year to $25.2 million from $23.3 million, and total operating expenses climbed 8.7% year over year to $23.9 million from $21.9 million.

Reported net income decreased 11.7% from the prior-year period to $624,000, or 34 cents per share, from $707,000, or 38 cents per share.