FLANIGANS ENTERPRISES INC

Previous wording

As of March 28, 2026, Flanigan’s Enterprises, Inc., a Florida corporation, together with its subsidiaries (“we”, “our”, “ours” and “us” as the context requires), (i) operates 32 units, consisting of restaurants, package liquor stores, combination restaurant/package liquor stores and a sports bar that we either own or have operational control over and partial ownership in; and (ii) franchises an additional five units, consisting of two restaurants (one of which we operate) and three combination restaurant/package liquor stores. The table below provides information concerning the type (i.e. restaurant, sports bar, package liquor store or combination restaurant/package liquor store) and ownership of the units (i.e. whether (i) we own 100% of the unit; (ii) the unit is owned by a limited partnership of which we are the sole general partner and/or have invested in; or (iii) the unit is franchised by us), as of March 28, 2026 and as compared to September 27, 2025. With the exception of “The Whale’s Rib,” a restaurant we operate but do not own, and “Brendan’s Sports Pub” a restaurant/bar we own, all of the restaurants operate under our service marks “Flanigan’s Seafood Bar and Grill” or “Flanigan’s” and all of the package liquor stores operate under our service marks “Big Daddy’s Liquors” or “Big Daddy’s Wine & Liquors”.

Current wording

As of June 27, 2026, Flanigan’s Enterprises, Inc., a Florida corporation, together with its subsidiaries (“we”, “our”, “ours” and “us” as the context requires), (i) operates thirty-two units, consisting of restaurants, package liquor stores, combination restaurant/package liquor stores and a sports bar that we either own or have operational control over and partial ownership in; and (ii) franchises an additional five units, consisting of two restaurants (one of which we operate) and three combination restaurant/package liquor stores. The table below provides information concerning the type (i.e. restaurant, sports bar, package liquor store or combination restaurant/package liquor store) and ownership of the units (i.e. whether (i) we own 100% of the unit; (ii) the unit is owned by a limited partnership of which we are the sole general partner and/or have invested in; or (iii) the unit is franchised by us), as of June 27, 2026 and as compared to September 27, 2025. With the exception of “The Whale’s Rib,” a restaurant we operate but do not own, and “Brendan’s Sports Pub” a restaurant/bar we own, all of the restaurants operate under our service marks “Flanigan’s Seafood Bar and Grill” or “Flanigan’s” and all of the package liquor stores operate under our service marks “Big Daddy’s Liquors” or “Big Daddy’s Wine & Liquors”.

Previous wording

Revenues. Total revenue for the thirteen weeks ended March 28, 2026 increased $3,156,000 or 5.91% to $56,515,000 from $53,359,000 for the thirteen weeks ended March 29, 2025 due primarily to increased menu prices and higher restaurant and package liquor store traffic. Effective March 1, 2026, we increased our menu prices for our bar offerings to target an increase to our bar revenues of approximately 3.68% annually and we increased our menu prices for our food offerings to target an increase to our food revenues of approximately 3.25% annually. Effective February 23, 2025, we increased our menu prices for our bar offerings to target an increase to our bar revenues of approximately 0.84% annually. Effective December 4, 2024, we increased our menu prices for our bar offerings to target an increase to our bar revenues of approximately 4.90% annually and effective November 17, 2024 we increased our menu prices for our food offerings to target an increase to our food revenues of approximately 4.14% annually (collectively the “Recent Price Increases”).

Current wording

Revenues. Total revenue for the thirteen weeks ended June 27, 2026 increased $4,309,000 or 8.30% to $56,203,000 from $51,894,000 for the thirteen weeks ended June 28, 2025 due primarily to increased menu prices and higher restaurant and package liquor store traffic. Effective March 1, 2026, we increased our menu prices for our bar offerings to target an increase to our bar revenues of approximately 3.68% annually and we increased our menu prices for our food offerings to target an increase to our food revenues of approximately 3.25% annually. Effective February 23, 2025, we increased our menu prices for our bar offerings to target an increase to our bar revenues of approximately 0.84% annually. Effective December 4, 2024, we increased our menu prices for our bar offerings to target an increase to our bar revenues of approximately 4.90% annually and effective November 17, 2024 we increased our menu prices for our food offerings to target an increase to our food revenues of approximately 4.14% annually (collectively the “Recent Price Increases”).

Previous wording

Restaurant Food Sales. Restaurant revenue generated from the sale of food, including non-alcoholic beverages, at restaurants totaled $34,608,000 for the thirteen weeks ended March 28, 2026 as compared to $32,586,000 for the thirteen weeks ended March 29, 2025. This increase in restaurant food sales is attributable to the Recent Price Increases and increased restaurant traffic. Comparable weekly restaurant food sales for restaurants open for all of the thirteen weeks ended March 28, 2026 and March 29, 2025 respectively, which consists of eleven restaurants owned by us and ten restaurants owned by affiliated limited partnerships was $2,635,000 and $2,481,000 for the thirteen weeks ended March 28, 2026 and March 29, 2025, respectively, an increase of 6.21%. Comparable weekly restaurant food sales for Company-owned restaurants was $1,304,000 and $1,235,000 for the thirteen weeks ended March 28, 2026 and March 29, 2025, respectively, an increase of 5.59%. Comparable weekly restaurant food sales for affiliated limited partnership owned restaurants only was $1,331,000 and $1,246,000 for the thirteen weeks ended March 28, 2026 and March 29, 2025, respectively, an increase of 6.82%. We expect that restaurant food sales, including non-alcoholic beverages, for the balance of our fiscal year 2026 will increase due to the Recent Price Increases.

Current wording

Restaurant Food Sales. Restaurant revenue generated from the sale of food, including non-alcoholic beverages, at restaurants totaled $34,436,000 for the thirteen weeks ended June 27, 2026 as compared to $31,933,000 for the thirteen weeks ended June 28, 2025. This increase in restaurant food sales is attributable to the Recent Price Increases and increased restaurant traffic. Comparable weekly restaurant food sales for restaurants open for all of the thirteen weeks ended June 27, 2026 and June 28, 2025 respectively, which consists of eleven restaurants owned by us and ten restaurants owned by affiliated limited partnerships was $2,623,000 and $2,431,000 for the thirteen weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 7.90%. Comparable weekly restaurant food sales for Company-owned restaurants was $1,243,000 and $1,153,000 for the thirteen weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 7.81%. Comparable weekly restaurant food sales for affiliated limited partnership owned restaurants only was $1,380,000 and $1,278,000 for the thirteen weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 7.98%. We expect that restaurant food sales, including non-alcoholic beverages, for the balance of our fiscal year 2026 will increase due to the Recent Price Increases.

Previous wording

Restaurant Bar Sales. Restaurant revenue generated from the sale of alcoholic beverages at restaurants totaled $8,391,000 for the thirteen weeks ended March 28, 2026 as compared to $8,194,000 for the thirteen weeks ended March 29, 2025. The increase in restaurant bar sales during the thirteen weeks ended March 28, 2026 is primarily due to the Recent Price Increases. Comparable weekly restaurant bar sales for restaurants open for all of the thirteen weeks ended March 28, 2026 and March 29, 2025, which consists of eleven restaurants owned by us and ten restaurants owned by affiliated limited partnerships was $645,000 and $630,000 for the thirteen weeks ended March 28, 2026 and March 29, 2025, respectively, an increase of 2.38%. Comparable weekly restaurant bar sales for Company-owned restaurants only was $290,000 and $287,000 for the thirteen weeks ended March 28, 2026 and March 29, 2025, respectively, an increase of 1.05%. Comparable weekly restaurant bar sales for affiliated limited partnership owned restaurants only was $355,000 and $343,000 for the thirteen weeks ended March 28, 2026 and March 29, 2025, an increase of 3.50%. We expect that restaurant bar sales for the balance of our fiscal year 2026 will increase due to the Recent Price Increases, partially offset by the softening of alcohol consumption at our restaurants.

Current wording

Restaurant Bar Sales. Restaurant revenue generated from the sale of alcoholic beverages at restaurants totaled $8,242,000 for the thirteen weeks ended June 27, 2026 as compared to $7,931,000 for the thirteen weeks ended June 28, 2025. The increase in restaurant bar sales during the thirteen weeks ended June 27, 2026 is primarily due to the Recent Price Increases, partially offset by the softening of alcohol consumption at our restaurants. Comparable weekly restaurant bar sales for restaurants open for all of the thirteen weeks ended June 27, 2026 and June 28, 2025, which consists of eleven restaurants owned by us and ten restaurants owned by affiliated limited partnerships was $634,000 and $610,000 for the thirteen weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 3.93%. Comparable weekly restaurant bar sales for Company-owned restaurants only was $277,000 and $268,000 for the thirteen weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 3.36%. Comparable weekly restaurant bar sales for affiliated limited partnership owned restaurants only was $357,000 and $342,000 for the thirteen weeks ended June 27, 2026 and June 28, 2025, an increase of 4.39%. We expect that restaurant bar sales for the balance of our fiscal year 2026 will increase due to the Recent Price Increases, partially offset by the softening of alcohol consumption at our restaurants.

Previous wording

Package Store Sales. Revenue generated from sales of liquor and related items at package liquor stores totaled $12,955,000 for the thirteen weeks ended March 28, 2026 as compared to $12,051,000 for the thirteen weeks ended March 29, 2025, an increase of $904,000. This increase was primarily due to increased package liquor store traffic, including e-commerce sales. The weekly average of same store package liquor store sales, which includes eleven (11) Company-owned package liquor stores was $997,000 and $927,000 for the thirteen weeks ended March 28, 2026 and March 29, 2025, respectively, an increase of 7.55%. We expect that package liquor store sales for the balance of our fiscal year 2026 will increase due to increased package liquor store traffic, including from e-commerce.

Current wording

Package Store Sales. Revenue generated from sales of liquor and related items at package liquor stores totaled $12,979,000 for the thirteen weeks ended June 27, 2026 as compared to $11,522,000 for the thirteen weeks ended June 28, 2025, an increase of $1,457,000. This increase was primarily due to increased package liquor store traffic, including e-commerce sales. The weekly average of same store package liquor store sales, which includes eleven Company-owned package liquor stores was $998,000 and $886,000 for the thirteen weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 12.64%. We expect that package liquor store sales for the balance of our fiscal year 2026 will increase due to increased package liquor store traffic, including from e-commerce.

Previous wording

Costs and Expenses. Costs and expenses (consisting of cost of merchandise sold, payroll and related costs, operating expenses, occupancy costs, selling, general and administrative expenses and depreciation and amortization), for the thirteen weeks ended March 28, 2026 increased $2,503,000 or 5.02% to $52,346,000 from $49,843,000 for the thirteen weeks ended March 29, 2025. The increase was primarily due to increased cost of merchandise sold, payroll and operating expenses partially offset by actions taken by management to reduce and/or control costs. We anticipate that our costs and expenses will continue to increase through the balance of our fiscal year 2026. Costs and expenses decreased as a percentage of total revenue to approximately 92.62% for the thirteen weeks ended March 28, 2026 from 93.41% for the thirteen weeks ended March 29, 2025.

Current wording

Costs and Expenses. Costs and expenses (consisting of cost of merchandise sold, payroll and related costs, operating expenses, occupancy costs, selling, general and administrative expenses and depreciation and amortization), for the thirteen weeks ended June 27, 2026 increased $3,161,000 or 6.45% to $52,203,000 from $49,042,000 for the thirteen weeks ended June 28, 2025. The increase was primarily due to increased cost of merchandise sold, payroll costs, operating expenses and selling, general and administrative expenses, partially offset by actions taken by management to reduce and/or control costs. We anticipate that our costs and expenses will continue to increase through the balance of our fiscal year 2026. Costs and expenses decreased as a percentage of total revenue to approximately 92.88% for the thirteen weeks ended June 27, 2026 from 94.50% for the thirteen weeks ended June 28, 2025.

Previous wording

Restaurant Food Sales and Bar Sales. Gross profit for food and bar sales for the thirteen weeks ended March 28, 2026 increased to $28,763,000 from $27,045,000 for the thirteen weeks ended March 29, 2025. Our gross profit margin for restaurant food and bar sales (calculated as gross profit reflected as a percentage of restaurant food and bar sales), increased to 66.89% for the thirteen weeks ended March 28, 2026 as compared to 66.32% for the thirteen weeks ended March 29, 2025 due primarily to the Recent Price Increases.

Current wording

Restaurant Food Sales and Bar Sales. Gross profit for food and bar sales for the thirteen weeks ended June 27, 2026 increased to $28,989,000 from $26,901,000 for the thirteen weeks ended June 28, 2025. Our gross profit margin for restaurant food and bar sales (calculated as gross profit reflected as a percentage of restaurant food and bar sales), increased to 67.92% for the thirteen weeks ended June 27, 2026 as compared to 67.48% for the thirteen weeks ended June 28, 2025 due primarily to the Recent Price Increases.

Previous wording

Package Store Sales. Gross profit for package store sales for the twenty-six weeks ended March 28, 2026 increased to $6,458,000 from $6,336,000 for the twenty-six weeks ended March 29, 2025. Our gross profit margin (calculated as gross profit reflected as a percentage of package liquor store sales), for package store sales decreased to 24.61% for the twenty-six weeks ended March 28, 2026, as compared to 25.88% for the twenty-six weeks ended March 29, 2025, due primarily to higher costs and competitive pricing strategies. We anticipate that the gross profit margin for package liquor store merchandise will decrease for the balance of our fiscal 2026 due to higher costs and a reduction in pricing of certain package store merchandise to remain competitive.

Current wording

Package Store Sales. Gross profit for package store sales for the thirteen weeks ended June 27, 2026 increased $386,000 to $3,129,000 from $2,743,000 for the thirteen weeks ended June 28, 2025. Our gross profit margin (calculated as gross profit reflected as a percentage of package liquor store sales), for package store sales increased to 24.11% for the thirteen weeks ended June 27, 2026, as compared to 23.81% for the thirteen weeks ended June 28, 2025, primarily due to lower costs for select product offerings and effective promotional activity, partially offset by competitive pricing strategies. We anticipate that the gross profit margin for package liquor store merchandise will decrease for the balance of our fiscal 2026 due to higher overall costs and a reduction in pricing of certain package store merchandise to remain competitive.

Previous wording

Payroll and Related Costs. Payroll and related costs for the thirteen weeks ended March 28, 2026 increased $626,000 or 3.87% to $16,810,000 from $16,184,000 for the thirteen weeks ended March 29, 2025. Payroll and related costs for the thirteen weeks ended March 28, 2026 were higher due primarily to the Florida minimum wage increase. Payroll and related costs as a percentage of total revenue was 29.74 % for the thirteen weeks ended March 28, 2026 and 30.33% of total revenue for the thirteen weeks ended March 29, 2025.

Current wording

Payroll and Related Costs. Payroll and related costs for the thirteen weeks ended June 27, 2026 increased $692,000 or 4.30% to $16,798,000 from $16,106,000 for the thirteen weeks ended June 28, 2025. Payroll and related costs for the thirteen weeks ended June 27, 2026 were higher due primarily to the Florida minimum wage increase. Payroll and related costs as a percentage of total revenue was 29.89% for the thirteen weeks ended June 27, 2026 and 31.04% of total revenue for the thirteen weeks ended June 28, 2025.

Previous wording

Operating Expenses. Operating expenses (including but not limited to utilities, insurance, cleaning, credit card fees, supplies, security, and other costs closely related to operating restaurant and package stores) for the thirteen weeks ended March 28, 2026 increased $87,000 or 1.31% to $6,725,000 from $6,638,000 for the thirteen weeks ended March 29, 2025 due primarily to inflation and increases in expenses across all categories.

Current wording

Operating Expenses. Operating expenses (including but not limited to utilities, insurance, cleaning, credit card fees, supplies, security, and other costs closely related to operating restaurant and package stores) for the thirteen weeks ended June 27, 2026 increased $188,000 or 2.70% to $7,160,000 from $6,972,000 for the thirteen weeks ended June 28, 2025 due primarily to inflation and increases in expenses across all categories.

Previous wording

Occupancy Costs. Occupancy costs (consisting of percentage rent, common area maintenance, repairs, real property taxes, amortization of leasehold interests and rent expense associated with operating lease liabilities under ASC 842) for the thirteen weeks ended March 28, 2026 increased $84,000 or 4.18% to $2,092,000 from $2,008,000 for the thirteen weeks ended March 29, 2025.

Current wording

Occupancy Costs. Occupancy costs (consisting of percentage rent, common area maintenance, repairs, real property taxes, amortization of leasehold interests and rent expense associated with operating lease liabilities under ASC 842) for the thirteen weeks ended June 27, 2026 increased $110,000 or 5.55% to $2,091,000 from $1,981,000 for the thirteen weeks ended June 28, 2025.

Previous wording

Selling, General and Administrative Expenses. Selling, general and administrative expenses (consisting of general corporate expenses, including but not limited to advertising, professional costs, clerical and administrative overhead) for the thirteen weeks ended March 28, 2026 increased $30,000 or 2.07% to $1,478,000 from $1,448,000 for the thirteen weeks ended March 29, 2025. Selling, general and administrative expenses decreased as a percentage of total revenue for the thirteen weeks ended March 28, 2026 to 2.62% as compared to 2.71% for the thirteen weeks ended March 29, 2025.

Current wording

Selling, General and Administrative Expenses. Selling, general and administrative expenses (consisting of general corporate expenses, including but not limited to advertising, professional costs, clerical and administrative overhead) for the thirteen weeks ended June 27, 2026 increased $338,000 or 31.47% to $1,412,000 from $1,074,000 for the thirteen weeks ended June 28, 2025 due primarily to increased legal costs. Selling, general and administrative expenses increased as a percentage of total revenue for the thirteen weeks ended June 27, 2026 to 2.51% as compared to 2.07% for the thirteen weeks ended June 28, 2025.

Previous wording

*Depreciation and Amortization.*Depreciation and amortization expense for the thirteen weeks ended March 28, 2026 increased $27,000 or 2.33% to $1,188,000 from $1,161,000 for the thirteen weeks ended March 29, 2025. Depreciation and amortization decreased as a percentage of total revenue for the thirteen weeks ended March 28, 2026 to 2.10% as compared to 2.18% for the thirteen weeks ended March 29, 2025.

Current wording

*Depreciation and Amortization.*Depreciation and amortization expense for the thirteen weeks ended June 27, 2026 increased $36,000 or 3.08% to $1,203,000 from $1,167,000 for the thirteen weeks ended June 28, 2025. Depreciation and amortization decreased as a percentage of total revenue for the thirteen weeks ended June 27, 2026 to 2.14% as compared to 2.25% for the thirteen weeks ended June 28, 2025.

Previous wording

Interest Expense, Net. Interest expense, net, for the thirteen weeks ended March 28, 2026 increased $6,000 to $241,000 from $235,000 for the thirteen weeks ended March 29, 2025.

Current wording

Interest Expense, Net. Interest expense, net, for the thirteen weeks ended June 27, 2026 increased $147,000 to $384,000 from $237,000 for the thirteen weeks ended June 28, 2025 due to the two new mortgages on store #19 and store #75 and the Calusa refinancing.

Previous wording

*Rental Income / Rental Expense.*Rental income was $344,000 and rental expense was $133,000 for the thirteen weeks ended March 28, 2026, while rental income was $273,000 and rental expense was $154,000 for the thirteen weeks ended March 29, 2025. Previously, rental income was presented in Revenues and rental expense was presented in Occupancy costs, Operating expenses and Selling, general and administrative expenses, however, both rental income and rental expense are now presented in Other Income.

Current wording

*Rental Income / Rental Expense.*Rental income was $296,000 and rental expense was $144,000 for the thirteen weeks ended June 27, 2026, while rental income was $270,000 and rental expense was $148,000 for the thirteen weeks ended June 28, 2025. Previously, rental income was presented in Revenues and rental expense was presented in Occupancy costs, Operating expenses and Selling, general and administrative expenses, however, both rental income and rental expense are now presented in Other Income.

Previous wording

*Income Taxes.*Income tax expense for the thirteen weeks ended March 28, 2026 was $446,000 compared to $311,000 for the thirteen weeks ended March 29, 2025. This is primarily due to the tax expense that is anticipated based on the projected pre-tax income and permanent differences.

Current wording

*Income Taxes.*Income tax expense for the thirteen weeks ended June 27, 2026 was $339,000 compared to $242,000 for the thirteen weeks ended June 28, 2025. This is primarily due to the tax expense that is anticipated based on the projected pre-tax income and permanent differences.

Previous wording

Net Income. Net income for the thirteen weeks ended March 28, 2026 increased $492,000 or 14.70% to $3,838,000 from $3,346,000 for the thirteen weeks ended March 29, 2025 due primarily to the Recent Price Increases, partially offset by overall increased expenses. As a percentage of total revenue, net income for the thirteen weeks ended March 28, 2026 is 6.79% as compared to 6.27% for the thirteen weeks ended March 29, 2025.

Current wording

Net Income. Net income for the thirteen weeks ended June 27, 2026 increased $971,000 or 39.01% to $3,460,000 from $2,489,000 for the thirteen weeks ended June 28, 2025 due primarily to the Recent Price Increases, partially offset by overall increased expenses. As a percentage of total revenue, net income for the thirteen weeks ended June 27, 2026 is 6.16% as compared to 4.80% for the thirteen weeks ended June 28, 2025.

Previous wording

Net Income Attributable to Flanigan’s Enterprises, Inc. Stockholders. Net income attributable to Flanigan’s Enterprises, Inc.’s stockholders for the thirteen weeks ended March 28, 2026 increased $185,000 or 6.88% to $2,875,000 from $2,690,000 for the thirteen weeks ended March 29, 2025 due primarily to the Recent Price Increases, partially offset by overall increased expenses. As a percentage of total revenue, net income attributable to stockholders for the thirteen weeks ended March 28, 2026 is 5.09% as compared to 5.04% for the thirteen weeks ended March 29, 2025.

Current wording

Net Income attributable to Flanigan’s Enterprises, Inc. Stockholders. Net income attributable to Flanigan’s Enterprises, Inc. stockholders for the thirteen weeks ended June 27, 2026 increased $669,000 or 48.06% to $2,061,000 from $1,392,000 for the thirteen weeks ended June 28, 2025 due primarily to the Recent Price Increases, partially offset by overall increased expenses. As a percentage of total revenue, net income attributable to stockholders for the thirteen weeks ended June 27, 2026 is 3.67% as compared to 2.68% for the thirteen weeks ended June 28, 2025.

Previous wording

Revenues. Total revenue for the twenty-six weeks ended March 28, 2026 increased $5,729,000 or 5.54% to $109,083,000 from $103,354,000 for the twenty-six weeks ended March 29, 2025 due primarily to the Recent Price Increases and higher restaurant and package liquor store traffic.

Current wording

Revenues. Total revenue for the thirty-nine weeks ended June 27, 2026 increased $10,038,000 or 6.47% to $165,286,000 from $155,248,000 for the thirty-nine weeks ended June 28, 2025 due primarily to the Recent Price Increases and higher restaurant and package liquor store traffic.

Previous wording

Restaurant Food Sales. Restaurant revenue generated from the sale of food, including non-alcoholic beverages, at restaurants totaled $65,540,000 for the twenty-six weeks ended March 28, 2026 as compared to $61,712,000 for the twenty-six weeks ended March 29, 2025. This increase in restaurant food sales is attributable to the Recent Price Increases and increased restaurant traffic. Comparable weekly restaurant food sales for restaurants open for all of the twenty-six weeks ended March 28, 2026 and March 29, 2025 respectively, which consists of eleven restaurants owned by us and ten restaurants owned by affiliated limited partnerships was $2,496,000 and $2,351,000 for the twenty-six weeks ended March 28, 2026 and March 29, 2025, respectively, an increase of 6.17%. Comparable weekly restaurant food sales for Company-owned restaurants was $1,187,000 and $1,115,000 for the twenty-six weeks ended March 28, 2026 and March 29, 2025, respectively, an increase of 6.46%. Comparable weekly restaurant food sales for affiliated limited partnership owned restaurants only was $1,309,000 and $1,236,000 for the twenty-six weeks ended March 28, 2026 and March 29, 2025, respectively, an increase of 5.91%. We expect that restaurant food sales, including non-alcoholic beverages, for the balance of our fiscal year 2026 will increase due to the Recent Price Increases.

Current wording

Restaurant Food Sales. Restaurant revenue generated from the sale of food, including non-alcoholic beverages, at restaurants totaled $99,976,000 for the thirty-nine weeks ended June 27, 2026 as compared to $93,645,000 for the thirty-nine weeks ended June 28, 2025. This increase in restaurant food sales is attributable to the Recent Price Increases and increased restaurant traffic. Comparable weekly restaurant food sales for restaurants open for all of the thirty-nine weeks ended June 27, 2026 and June 28, 2025 respectively, which consists of eleven restaurants owned by us and ten restaurants owned by affiliated limited partnerships was $2,538,000 and $2,378,000 for the thirty-nine weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 6.73%. Comparable weekly restaurant food sales for Company-owned restaurants was $1,205,000 and $1,128,000 for the thirty-nine weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 6.83%. Comparable weekly restaurant food sales for affiliated limited partnership owned restaurants only was $1,333,000 and $1,250,000 for the thirty-nine weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 6.64%. We expect that restaurant food sales, including non-alcoholic beverages, for the balance of our fiscal year 2026 will increase due to the Recent Price Increases.

Previous wording

Restaurant Bar Sales. Restaurant revenue generated from the sale of alcoholic beverages at restaurants totaled $16,246,000 for the twenty-six weeks ended March 28, 2026 as compared to $16,156,000 for the twenty-six weeks ended March 29, 2025. The increase in restaurant bar sales during the twenty-six weeks ended March 28, 2026 is primarily due to the Recent Price Increases, partially offset by the softening of alcohol consumption at our restaurants. Comparable weekly restaurant bar sales for restaurants open for all of the twenty-six weeks ended March 28, 2026 and March 29, 2025, which consists of eleven restaurants owned by us and ten restaurants owned by affiliated limited partnerships was $625,000 and $621,000 for the twenty-six weeks ended March 28, 2026 and March 29, 2025, respectively, an increase of 0.64%. Comparable weekly restaurant bar sales for Company-owned restaurants only was $279,000 for both the twenty-six weeks ended March 28, 2026 and March 29, 2025. Comparable weekly restaurant bar sales for affiliated limited partnership owned restaurants only was $346,000 and $342,000 for the twenty-six weeks ended March 28, 2026 and March 29, 2025, an increase of 1.17%. We expect that restaurant bar sales for the balance of our fiscal year 2026 will increase due to the Recent Price Increases, partially offset by the softening of alcohol consumption at our restaurants.

Current wording

Restaurant Bar Sales. Restaurant revenue generated from the sale of alcoholic beverages at restaurants totaled $24,488,000 for the thirty-nine weeks ended June 27, 2026 as compared to $24,087,000 for the thirty-nine weeks ended June 28, 2025. The increase in restaurant bar sales during the thirty-nine weeks ended June 27, 2026 is primarily due to the Recent Price Increases, partially offset by the softening of alcohol consumption at our restaurants. Comparable weekly restaurant bar sales for restaurants open for all of the thirty-nine weeks ended June 27, 2026 and June 28, 2025, which consists of eleven restaurants owned by us and ten restaurants owned by affiliated limited partnerships was $628,000 and $618,000 for the thirty-nine weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 1.62%. Comparable weekly restaurant bar sales for Company-owned restaurants only was $278,000 and $276,000 for the thirty-nine weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 0.72%. Comparable weekly restaurant bar sales for affiliated limited partnership owned restaurants only was $350,000 and $342,000 for the thirty-nine weeks ended June 27, 2026 and June 28, 2025, an increase of 2.34%. We expect that restaurant bar sales for the balance of our fiscal year 2026 will increase due to the Recent Price Increases, partially offset by the softening of alcohol consumption at our restaurants.

Previous wording

Package Store Sales. Revenue generated from sales of liquor and related items at package liquor stores totaled $26,240,000 for the twenty-six weeks ended March 28, 2026 as compared to $24,486,000 for the twenty-six weeks ended March 29, 2025, an increase of $1,754,000. This increase was primarily due to increased package liquor store traffic, including e-commerce sales. The weekly average of same store package liquor store sales, which includes eleven (11) Company-owned package liquor stores was $1,009,000 and $942,000 for the twenty-six weeks ended March 28, 2026 and March 29, 2025, respectively, an increase of 7.11%. We expect that package liquor store sales for the balance of our fiscal year 2026 will increase due to increased package liquor store traffic, including from e-commerce.

Current wording

Package Store Sales. Revenue generated from sales of liquor and related items at package liquor stores totaled $39,219,000 for the thirty-nine weeks ended June 27, 2026 as compared to $36,008,000 for the thirty-nine weeks ended June 28, 2025, an increase of $3,211,000. This increase was primarily due to increased package liquor store traffic, including e-commerce sales. The weekly average of same store package liquor store sales, which includes eleven Company-owned package liquor stores was $1,006,000 and $923,000 for the thirty-nine weeks ended June 27, 2026 and June 28, 2025, respectively, an increase of 8.99%. We expect that package liquor store sales for the balance of our fiscal year 2026 will increase due to increased package liquor store traffic, including from e-commerce.

Previous wording

Costs and Expenses. Costs and expenses (consisting of cost of merchandise sold, payroll and related costs, operating expenses, occupancy costs, selling, general and administrative expenses and depreciation and amortization), for the twenty-six weeks ended March 28, 2026 increased $4,159,000 or 4.20% to $103,245,000 from $99,086,000 for the twenty-six weeks ended March 29, 2025. The increase was primarily due to increased cost of merchandise sold, payroll and operating expenses partially offset by actions taken by management to reduce and/or control costs. We anticipate that our costs and expenses will continue to increase through the balance of our fiscal year 2026. Costs and expenses decreased as a percentage of total revenue to approximately 94.65% for the twenty-six weeks ended March 28, 2026 from 95.87% for the twenty-six weeks ended March 29, 2025.

Current wording

Costs and Expenses. Costs and expenses (consisting of cost of merchandise sold, payroll and related costs, operating expenses, occupancy costs, selling, general and administrative expenses and depreciation and amortization), for the thirty-nine weeks ended June 27, 2026 increased $7,320,000 or 4.94% to $155,448,000 from $148,128,000 for the thirty-nine weeks ended June 28, 2025. The increase was primarily due to increased cost of merchandise sold, payroll and operating expenses partially offset by actions taken by management to reduce and/or control costs. We anticipate that our costs and expenses will continue to increase through the balance of our fiscal year 2026. Costs and expenses decreased as a percentage of total revenue to approximately 94.05% for the thirty-nine weeks ended June 27, 2026 from 95.41% for the thirty-nine weeks ended June 28, 2025.

Previous wording

Restaurant Food Sales and Bar Sales. Gross profit for food and bar sales for the twenty-six weeks ended March 28, 2026 increased to $54,566,000 from $51,104,000 for the twenty-six weeks ended March 29, 2025. Our gross profit margin for restaurant food and bar sales (calculated as gross profit reflected as a percentage of restaurant food and bar sales), increased to 66.72% for the twenty-six weeks ended March 28, 2026 as compared to 65.63% for the twenty-six weeks ended March 29, 2025 due primarily to the Recent Price Increases.

Current wording

Restaurant Food Sales and Bar Sales. Gross profit for food and bar sales for the thirty-nine weeks ended June 27, 2026 increased to $83,555,000 from $78,005,000 for the thirty-nine weeks ended June 28, 2025. Our gross profit margin for restaurant food and bar sales (calculated as gross profit reflected as a percentage of restaurant food and bar sales), increased to 67.13% for the thirty-nine weeks ended June 27, 2026 as compared to 66.26% for the thirty-nine weeks ended June 28, 2025 due primarily to the Recent Price Increases.

Previous wording

Package Store Sales. Gross profit for package store sales for the thirteen weeks ended March 28, 2026 decreased $244,000 to $3,138,000 from $3,382,000 for the thirteen weeks ended March 29, 2025. Our gross profit margin (calculated as gross profit reflected as a percentage of package liquor store sales), for package store sales decreased to 24.22% for the thirteen weeks ended March 28, 2026, as compared to 28.06% for the thirteen weeks ended March 29, 2025, due primarily to higher costs and competitive pricing strategies. We anticipate that the gross profit margin for package liquor store merchandise will decrease for the balance of our fiscal 2026 due to higher costs and a reduction in pricing of certain package store merchandise to remain competitive.

Current wording

Package Store Sales. Gross profit for package store sales for the thirty-nine weeks ended June 27, 2026 increased to $9,587,000 from $9,079,000 for the thirty-nine weeks ended June 28, 2025. Our gross profit margin (calculated as gross profit reflected as a percentage of package liquor store sales), for package store sales decreased to 24.44% for the thirty-nine weeks ended June 27, 2026, as compared to 25.21% for the thirty-nine weeks ended June 28, 2025, due primarily to higher costs and competitive pricing strategies. We anticipate that the gross profit margin for package liquor store merchandise will decrease for the balance of our fiscal 2026 due to higher costs and a reduction in pricing of certain package store merchandise to remain competitive.

Previous wording

Payroll and Related Costs. Payroll and related costs for the twenty-six weeks ended March 28, 2026 increased $1,251,000 or 3.92% to $33,181,000 from $31,930,000 for the twenty-six weeks ended March 29, 2025. Payroll and related costs for the twenty-six weeks ended March 28, 2026 were higher due primarily to the Florida minimum wage increase. Payroll and related costs as a percentage of total revenue was 30.42% for the twenty-six weeks ended March 28, 2026 and 30.89% of total revenue for the twenty-six weeks ended March 29, 2025.

Current wording

Payroll and Related Costs. Payroll and related costs for the thirty-nine weeks ended June 27, 2026 increased $1,943,000 or 4.04% to $49,979,000 from $48,036,000 for the thirty-nine weeks ended June 28, 2025. Payroll and related costs for the thirty-nine weeks ended June 27, 2026 were higher due primarily to the Florida minimum wage increase. Payroll and related costs as a percentage of total revenue was 30.24% for the thirty-nine weeks ended June 27, 2026 and 30.94% of total revenue for the thirty-nine weeks ended June 28, 2025.

Previous wording

Operating Expenses. Operating expenses (including but not limited to utilities, insurance, cleaning, credit card fees, supplies, security, and other costs closely related to operating restaurant and package stores) for the twenty-six weeks ended March 28, 2026 increased $535,000 or 4.07% to $13,677,000 from $13,142,000 for the twenty-six weeks ended March 29, 2025 due primarily to inflation and increases in expenses across all categories.

Current wording

Operating Expenses. Operating expenses (including but not limited to utilities, insurance, cleaning, credit card fees, supplies, security, and other costs closely related to operating restaurant and package stores) for the thirty-nine weeks ended June 27, 2026 increased $723,000 or 3.59% to $20,837,000 from $20,114,000 for the thirty-nine weeks ended June 28, 2025 due primarily to inflation and increases in expenses across all categories.

Previous wording

Occupancy Costs. Occupancy costs (consisting of percentage rent, common area maintenance, repairs, real property taxes, amortization of leasehold interests and rent expense associated with operating lease liabilities under ASC 842) for the twenty-six weeks ended March 28, 2026 increased $240,000 or 6.21% to $4,107,000 from $3,867,000 for the twenty-six weeks ended March 29, 2025.

Current wording

Occupancy Costs. Occupancy costs (consisting of percentage rent, common area maintenance, repairs, real property taxes, amortization of leasehold interests and rent expense associated with operating lease liabilities under ASC 842) for the thirty-nine weeks ended June 27, 2026 increased $350,000 or 5.98% to $6,198,000 from $5,848,000 for the thirty-nine weeks ended June 28, 2025.

Previous wording

Selling, General and Administrative Expenses. Selling, general and administrative expenses (consisting of general corporate expenses, including but not limited to advertising, professional costs, clerical and administrative overhead) for the twenty-six weeks ended March 28, 2026 decreased $32,000 or 1.09% to $2,894,000 from $2,926,000 for the twenty-six weeks ended March 29, 2025 due primarily to lower consulting fees. Selling, general and administrative expenses decreased as a percentage of total revenue for the twenty-six weeks ended March 28, 2026 to 2.65% as compared to 2.83% for the twenty-six weeks ended March 29, 2025.

Current wording

Selling, General and Administrative Expenses. Selling, general and administrative expenses (consisting of general corporate expenses, including but not limited to advertising, professional costs, clerical and administrative overhead) for the thirty-nine weeks ended June 27, 2026 increased $306,000 or 7.65% to $4,306,000 from $4,000,000 for the thirty-nine weeks ended June 28, 2025 due primarily to increased legal costs. Selling, general and administrative expenses increased as a percentage of total revenue for the thirty-nine weeks ended June 27, 2026 to 2.61% as compared to 2.58% for the thirty-nine weeks ended June 28, 2025.

Previous wording

*Depreciation and Amortization.*Depreciation and amortization expense for the twenty-six weeks ended March 28, 2026 increased $77,000 or 3.34% to $2,384,000 from $2,307,000 for the twenty-six weeks ended March 29, 2025. Depreciation and amortization decreased as a percentage of total revenue for the twenty-six weeks ended March 28, 2026 to 2.19% as compared to 2.23% for the twenty-six weeks ended March 29, 2025.

Current wording

*Depreciation and Amortization.*Depreciation and amortization expense for the thirty-nine weeks ended June 27, 2026 increased $113,000 or 3.25% to $3,587,000 from $3,474,000 for the thirty-nine weeks ended June 28, 2025. Depreciation and amortization decreased as a percentage of total revenue for the thirty-nine weeks ended June 27, 2026 to 2.17% as compared to 2.24% for the thirty-nine weeks ended June 28, 2025.

Previous wording

*Rental Income / Rental Expense.*Rental income was $621,000 and rental expense was $267,000 for the twenty-six weeks ended March 28, 2026, while rental income was $540,000 and rental expense was $315,000 for the twenty-six weeks ended March 29, 2025. Previously, rental income was presented in Revenues and rental expense was presented in Occupancy costs, Operating expenses and Selling, general and administrative expenses, however, both rental income and rental expense are now presented in Other Income.

Current wording

*Rental Income / Rental Expense.*Rental income was $917,000 and rental expense was $411,000 for the thirty-nine weeks ended June 27, 2026, while rental income was $810,000 and rental expense was $463,000 for the thirty-nine weeks ended June 28, 2025. Previously, rental income was presented in Revenues and rental expense was presented in Occupancy costs, Operating expenses and Selling, general and administrative expenses, however, both rental income and rental expense are now presented in Other Income.

Previous wording

*Income Taxes.*Income tax expense for the twenty-six weeks ended March 28, 2026 was $574,000 compared to $346,000 for the twenty-six weeks ended March 29, 2025. This is primarily due to the tax expense that is anticipated based on the projected pre-tax income and permanent differences.

Current wording

*Income Taxes.*Income tax expense for the thirty-nine weeks ended June 27, 2026 was $913,000 compared to $588,000 for the thirty-nine weeks ended June 28, 2025. This is primarily due to the tax expense that is anticipated based on the projected pre-tax income and permanent differences.

Previous wording

Net Income. Net income for the twenty-six weeks ended March 28, 2026 increased $1,359,000 or 34.16% to $5,337,000 from $3,978,000 for the twenty-six weeks ended March 29, 2025 due primarily to the Recent Price Increases, partially offset by overall increased expenses. As a percentage of total revenue, net income for the twenty-six weeks ended March 28, 2026 is 4.89% as compared to 3.85% for the twenty-six weeks ended March 29, 2025.

Current wording

Net Income. Net income for the thirty-nine weeks ended June 27, 2026 increased $2,330,000 or 36.03% to $8,797,000 from $6,467,000 for the thirty-nine weeks ended June 28, 2025 due primarily to the Recent Price Increases, partially offset by overall increased expenses. As a percentage of total revenue, net income for the thirty-nine weeks ended June 27, 2026 is 5.32% as compared to 4.17% for the thirty-nine weeks ended June 28, 2025.

Previous wording

Net Income Attributable to Flanigan’s Enterprises, Inc. Stockholders. Net income attributable to Flanigan’s Enterprises, Inc.’s stockholders for the twenty-six weeks ended March 28, 2026 increased $935,000 or 34.06% to $3,680,000 from $2,745,000 for the twenty-six weeks ended March 29, 2025 due primarily to the Recent Price Increases, partially offset by overall increased expenses. As a percentage of total revenue, net income attributable to stockholders for the twenty-six weeks ended March 28, 2026 is 3.37% as compared to 2.66% for the twenty-six weeks ended March 29, 2025.

Current wording

Net Income attributable to Flanigan’s Enterprises, Inc. Stockholders. Net income attributable to Flanigan’s Enterprises, Inc. stockholders for the thirty-nine weeks ended June 27, 2026 increased $1,604,000 or 38.77% to $5,741,000 from $4,137,000 for the thirty-nine weeks ended June 28, 2025 due primarily to the Recent Price Increases, partially offset by overall increased expenses. As a percentage of total revenue, net income attributable to stockholders for the thirty-nine weeks ended June 27, 2026 is 3.47% as compared to 2.66% for the thirty-nine weeks ended June 28, 2025.

Previous wording

We fund our operations through cash from operations and borrowings from third parties. As of March 28, 2026, we had cash and cash equivalents of approximately $22,831,000, an increase of $2,737,000 from our cash balance of $20,094,000 as of September 27, 2025. This increase is primarily due to higher revenue.

Current wording

We fund our operations through cash from operations and borrowings from third parties. As of June 27, 2026, we had cash and cash equivalents of approximately $28,843,000, an increase of $8,749,000 from our cash balance of $20,094,000 as of September 27, 2025. This increase is primarily due to proceeds from borrowings for store #19 and store #75 and the Calusa refinancing as well as higher revenue.

Previous wording

In the third quarter of our fiscal year 2025, we paid $2.2 million for the purchase of undeveloped land in Cutler Bay, Florida for a future restaurant site. This acquisition reflects our ongoing investment in strategic expansion. While no construction has commenced as of the reporting date, site planning has begun and management anticipates capital expenditures related to site development and build-out in future fiscal quarters.

Current wording

In the third quarter of our fiscal year 2025, we paid $2.2 million for the purchase of undeveloped land in Cutler Bay, Florida for a future restaurant site. This acquisition reflects our ongoing investment in strategic expansion. While no construction has commenced as of the reporting date, site planning is underway and management anticipates capital expenditures related to site development and build-out in future fiscal quarters.

Previous wording

We believe that our current cash availability from our cash on hand, positive cash flow from operations, and planned mortgages will be sufficient to fund our operations and planned capital expenditures for at least the next twelve months.

Current wording

We believe that our current cash availability from our cash on hand, positive cash flow from operations, and proceeds from borrowings will be sufficient to fund our operations and planned capital expenditures for at least the next twelve months.

Previous wording

The following table is a summary of our cash flows for the twenty-six weeks ended March 28, 2026 and March 29, 2025.

Current wording

The following table is a summary of our cash flows for the thirty-nine weeks ended June 27, 2026 and June 28, 2025.

Previous wording

We did not declare or pay a cash dividend on our capital stock during the twenty-six weeks ended March 28, 2026 or the twenty-six weeks ended March 29, 2025. Any future determination to pay cash dividends will be at our Board’s discretion and will depend upon our financial condition, operating results, capital requirements and such other factors as our Board deems relevant.

Current wording

During the thirty-nine weeks ended June 27, 2026 our Board of Directors declared a cash dividend of $0.60 per share to shareholders of record on June 10, 2026 and was made payable on June 26, 2026. During the thirty-nine weeks ended June 28, 2025 our Board of Directors declared a cash dividend of $0.55 per share to shareholders of record on June 12, 2025 and was made payable on June 27, 2025. Any future determination to pay cash dividends will be at our Board’s discretion and will depend upon our financial condition, operating results, capital requirements and such other factors as our Board deems relevant.

Previous wording

In addition to using cash for our operating expenses, we use cash generated from operations and borrowings to fund the development and construction of new restaurants and to fund capitalized property improvements for our existing restaurants. During the twenty-six weeks ended March 28, 2026, we acquired property and equipment of $1,653,000, (of which $48,000 was purchase deposits transferred to property and equipment), including $254,000 for renovations to four Company-owned locations and $107,000 for renovations to one limited partnership owned restaurant. During the twenty-six weeks ended March 29, 2025, we acquired property and equipment of $1,731,000, (of which $11,000 was purchase deposits transferred to property and equipment), including $87,000 for renovations to one Company-owned package location and $43,000 for renovations to one limited partnership owned restaurant.

Current wording

In addition to using cash for our operating expenses, we use cash generated from operations and borrowings to fund the development and construction of new restaurants and to fund capitalized property improvements for our existing restaurants. During the thirty-nine weeks ended June 27, 2026, we acquired property and equipment of $11,105,000, (of which $8.45 million was for the purchase of the Stuart Property and $48,000 was purchase deposits transferred to property and equipment), including $488,000 for renovations to seven Company-owned locations and $251,000 for renovations to three limited partnership owned restaurants. During the thirty-nine weeks ended June 28, 2025, we acquired property and equipment of $4,956,000, (of which $2.2 million was for the purchase of the Cutler Bay Property and $57,000 was purchase deposits transferred to property and equipment), including $285,000 for renovations to four Company-owned locations and $43,000 for renovations to one limited partnership owned restaurant.