Flanigans Enterprises Inc BDL US Equity
Flanigans Enterprises Inc (NYSE: BDL), an SEC filer in Retail-Eating Places, closed at $45.50, -4.8%, on 2026-08-28, with a market cap of $89M as of 2026-08-27, a trailing P/E of 17.6, a return on equity of 8.0%, a net margin of 2.5% and 3-year sales growth of 9.1%. Institutional ownership, earnings history and filed financials are on the tabs below.
Legal & controls
Item 3 and Item 9A as filed · every verdict is the registrant’s own sentence, printed below it · a filing that fails an extraction gate reads “not extracted”
| Fiscal year | Filed | Item 3 | ICFR | disclosure controls | material weakness | Filing |
|---|---|---|---|---|---|---|
| 2025-09-27 | 2025-12-19 | described here | NOT effective | NOT effective | remediated (prior year) | EDGAR |
Item 3 · From time to time, we are a defendant in litigation arising in the ordinary course of our business, including claims resulting from “slip and fall” accidents, dram shop claims, claims under federal and state laws governing access to public accommodations, employment-related claims and claims from guests alleging illness, injury or other food quality, health or operational concerns. To date, none of this litigation, some of which is covered by insurance, has had a material effect on us. Item 9A · ICFR · Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of September 27, 2025, our internal control over financial reporting was ineffective. Item 9A · disclosure controls · Based on that evaluation, management, including our Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and procedures were not effective as of September 27, 2025. Item 9A · material weakness · Remediation of Material Weakness in Internal Control over Financial Reporting During the course of our independent registered public accounting firm performing its year end audit procedures in connection with our consolidated financial statements to be included in our Form 10-K for the fiscal year 2024, Information technology general controls (ITGCs) were not designed and implemented effectively to ensure (i) that access to applications and data, and the ability to make program and database changes, were adequately restricted to appropriate personnel and (ii) that database changes were logged completely and accurately. | ||||||
| 2024-09-28 | 2024-12-27 | described here | NOT effective | NOT effective | remediated (prior year) | EDGAR |
Item 3 · From time to time, we are a defendant in litigation arising in the ordinary course of our business, including claims resulting from “slip and fall” accidents, dram shop claims, claims under federal and state laws governing access to public accommodations, employment-related claims and claims from guests alleging illness, injury or other food quality, health or operational concerns. To date, none of this litigation, some of which is covered by insurance, has had a material effect on us. Item 9A · ICFR · Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of September 28, 2024, our internal control over financial reporting was not effective. Item 9A · disclosure controls · Based on that evaluation, management, including our Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and procedures were not effective as of September 28, 2024. Item 9A · material weakness · Remediation of Material Weakness in Internal Control Over Financial Reporting During the course of our independent registered public accounting firm performing its quarterly review procedures in connection with our unaudited condensed consolidated financial statements to be included in our Form 10-Q for the first quarter of our 2023 fiscal year, we became aware of certain errors made by management in recording certain transactions and in performing debt covenant calculations, which constituted material weaknesses in our internal controls. | ||||||
| 2023-09-30 | 2023-12-29 | described here | NOT effective | NOT effective | disclosed | EDGAR |
Item 3 · From time to time, we are a defendant in litigation arising in the ordinary course of our business, including claims resulting from “slip and fall” accidents, dram shop claims, claims under federal and state laws governing access to public accommodations, employment-related claims and claims from guests alleging illness, injury or other food quality, health or operational concerns. To date, none of this litigation, some of which is covered by insurance, has had a material effect on us. Item 9A · ICFR · Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of September 30, 2023, our internal control over financial reporting was not effective. Item 9A · disclosure controls · Based on that evaluation, management, including our Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and procedures were not effective as of September 30, 2023. Item 9A · material weakness · As a result of these errors we concluded that we did not have a sufficient complement of trained and knowledgeable accounting personnel to prevent and detect errors on a timely basis and that this deficiency constitutes a material weakness in our internal control over financial reporting as of September 30, 2023. | ||||||
| 2022-10-01 | 2023-01-18 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · From time to time, we are a defendant in litigation arising in the ordinary course of our business, including claims resulting from “slip and fall” accidents, dram shop claims, claims under federal and state laws governing access to public accommodations, employment-related claims and claims from guests alleging illness, injury or other food quality, health or operational concerns. To date, none of this litigation, some of which is covered by insurance, has had a material effect on us. Item 9A · ICFR · Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of October 1, 2022, our internal control over financial reporting was effective. Item 9A · disclosure controls · Based on that evaluation, management, including our Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and procedures were effective as of October 1, 2022. | ||||||
| 2021-10-02 | 2022-01-14 | described here | not extracted | not extracted | disclosed | EDGAR |
Item 3 · From time to time, we are a defendant in litigation arising in the ordinary course of our business, including claims resulting from “slip and fall” accidents, dram shop claims, claims under federal and state laws governing access to public accommodations, employment-related claims and claims from guests alleging illness, injury or other food quality, health or operational concerns. To date, none of this litigation, some of which is covered by insurance, has had a material effect on us. Item 9A · ICFR · Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of October 2, 2021, our internal control over financial reporting was effective. Item 9A · disclosure controls · Evaluation of Disclosure Controls and Procedures Based on evaluations as of the end of the period covered by this report, our Chief Executive Officer and Chief Financial Officer, with the participation of our management team, have concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) to the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) were effective to ensure that information the Company is required to disclose in reports that it files or submits under the Securities Exchange Act is accumulated and communicated to management, including the CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure and is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms. Item 9A · material weakness · Changes in Internal Control Over Financial Reporting During the period covered by this report, we identified and addressed a material weakness in internal control related to our effectiveness in distinguishing between an operating lease and a finance lease for purposes of applying Accounting Standards Codification 842, Leases (“ASC 842”). | ||||||
5 of 5 annual reports on record have their filing text cached on this host; the rest are listed with their EDGAR link and no extraction, because this surface never fetches from SEC on a page load.
- Item 3 and Item 9A are located in the filing HTML already cached on this host and read with the same line-anchored item matcher and largest-gap body disambiguation the filing-narrative pass uses for Item 1A and Item 7 — no fetch, no model, no summarization.
- A heading is accepted as a section only when it is not a table-of-contents row (a trailing page number), not a quoted reference in prose, and names its own section; the span must then clear a per-item length band and carry readable text after the heading. Anything that fails a gate is served as 'not extracted' with the reason — never as a default value.
- An effectiveness conclusion is read only from a sentence that names its own control set (disclosure controls and procedures, or internal control over financial reporting) and states an outcome. Conditional sentences — the standard limitations paragraph and forward-looking remediation language — are excluded, because they are hypotheses rather than conclusions.
- When a filing's own sentences disagree — an effective conclusion beside an unremediated material-weakness disclosure, or two conclusions of opposite sign — no verdict is asserted. A wrong 'controls were effective' reading is worse than no reading.
- Every verdict is shown beside the verbatim sentence it was read from. The excerpt is the filing's own words, capped at 1,200 characters; the filing itself is one link away.