Nathans Famous Stock Price, News & Analysis

Nathan's Famous reported a strong fiscal Q2 2023 with revenues reaching $37.5 million, up from $32.9 million in Q2 2022. Income from operations increased to $9.9 million compared to $7.4 million, and net income rose to $6.0 million from $3.5 million. Earnings per diluted share improved to $1.46, up from $0.86. For the first half of the fiscal year, revenues were $77.2 million, reflecting a 20% increase year-over-year. The Board declared a quarterly cash dividend of $0.45 per share.

Nathan's Famous, Inc. (NASDAQ:NATH) reported a robust performance for its first fiscal quarter ending June 26, 2022. Revenues surged to $39.72 million, a significant rise from $31.32 million in the previous year. Income from operations also increased to $11.78 million compared to $10.70 million in Q1 2022. Net income rose to $7.14 million, translating to earnings per diluted share of $1.74, up from $1.40. License royalties grew to $11.31 million, driven largely by a 29% increase in hot dog sales to foodservice customers, despite challenges from commodity inflation.

Nathan's Famous (NASDAQ:NATH) announced its fiscal 2022 results, reporting revenues of $114.88 million, up from $75.84 million in fiscal 2021. Net income rose to $13.60 million from $11.08 million, translating to earnings per diluted share of $3.30. The Board declared a quarterly cash dividend of $0.45 per share, payable on June 24, 2022. Effective June 10, 2022, the Company redeemed $40 million in Senior Secured Notes, expecting to save $2.65 million annually in cash interest. License royalties also increased to $31.82 million.

Nathan's Famous reported a 43.7% increase in revenues for Q3 FY2022, totaling $25.9 million, compared to $18 million in Q3 FY2021. Net income rose to $2.13 million from $1.36 million, with earnings per diluted share rising to $0.52. For the first three quarters, revenues grew 56.6% to $90.1 million. The company redeemed $40 million of its senior secured notes, reducing annual interest expenses by $2.65 million. A quarterly cash dividend was increased by 29% to $0.45, payable on March 4, 2022.

Nathan's Famous, Inc. (NASDAQ:NATH) reported its second fiscal quarter results for the period ended September 26, 2021. Revenues increased to $32,878,000 from $21,839,000 year-over-year. Income from operations slightly decreased to $7,439,000, while net income declined to $3,545,000. Adjusted EBITDA was $7,771,000 compared to $8,040,000. For the twenty-six weeks, revenues rose to $64,197,000 from $39,525,000. The company declared a quarterly cash dividend of $0.35 per share, totaling $2,880,000, payable on December 3, 2021.

Nathan's Famous reported a significant revenue increase for the first quarter of fiscal 2022, totaling $31.3 million, up from $17.7 million in the same period last year. The company achieved an operating income of $10.7 million and net income of $5.8 million, with earnings per share rising to $1.40. License royalties also grew marginally to $10.7 million. The company declared a quarterly cash dividend of $0.35 per share, payable on September 3, 2021. Overall, the results reflect recovery trends as COVID-19 restrictions eased.

Nathan's Famous, Inc. (NASDAQ:NATH) reported fiscal 2021 results with revenues of $75.8 million, a significant drop from $103.3 million in fiscal 2020. Net income decreased to $11.1 million, down from $13.4 million a year prior, while earnings per diluted share fell to $2.69 from $3.19. Despite challenges from the COVID-19 pandemic, license royalties rose to $31.4 million. The company announced a quarterly cash dividend of $0.35 per share, payable on June 25, 2021. The decrease in revenues is attributed to lower customer traffic and operational impacts from the pandemic.

Nathan's Famous, Inc. (NASDAQ:NATH) reported its Q3 2021 results with revenues of $18.03 million, a decline from $21.38 million in Q3 2020. Despite this, income from operations rose to $4.4 million. For the first nine months, revenues totaled $57.6 million, down from $81.6 million, while net income dropped to $9 million from $10.2 million. Notably, license royalties surged by 33% to $22.7 million. The Board declared a quarterly cash dividend of $0.35 per share. The company continues to face challenges due to the COVID-19 pandemic, impacting sales across various segments.

Nathan's Famous, Inc. (NASDAQ:NATH) reported a decline in revenues and income for the second quarter of fiscal 2021 compared to the same period last year. Revenues were $21.8 million, down from $29.7 million, while net income slightly decreased to $3.7 million. Adjusted EBITDA was $8 million, a decline from $8.1 million. Despite the challenges, license royalties rose to $18.8 million, up from $14.1 million, driven by strong consumer demand during the pandemic. The Board declared a quarterly cash dividend of $0.35 per share, maintaining shareholder returns amidst financial struggles.