Welcome to our dedicated page for Nathans Famous news (Ticker: NATH), a resource for investors and traders seeking the latest updates and insights on Nathans Famous stock.
Nathan's Famous, Inc. (NASDAQ: NATH) is a Russell 2000 company in the full-service restaurants industry that reports detailed financial and operating results on a regular basis. Its news flow centers on quarterly and annual earnings releases, dividend declarations, segment performance, and developments related to its branded hot dog program, product licensing, and restaurant operations.
Company news frequently includes updates on revenues, income from operations, net income, earnings per share, and non-GAAP measures such as EBITDA and Adjusted EBITDA. Releases break down performance by segment, covering the Branded Product Program, Product Licensing, Restaurant Operations, and Corporate activities, and often discuss trends in hot dog sales volume, average selling prices, and the cost of beef and beef trimmings.
Investors following NATH news will also see regular announcements of quarterly cash dividends, and in at least one case, a special cash dividend in addition to the regular payout. The company’s releases describe license royalties under its retail agreement with Smithfield Foods, Inc., changes in franchise fees and royalties, the opening of new franchised locations, and advertising fund revenues and expenses.
News items may also cover capital structure actions, such as the redemption of senior secured notes or the entry into new credit facilities, along with commentary on expected interest expense impacts. In addition, brand-related releases highlight licensed product launches, such as Nathan’s Famous Hot & Spicy Beef Franks, which are distributed through retail channels under the brand.
This page aggregates these earnings announcements, dividend declarations, financing updates, and brand news so that readers can review how Nathan's Famous communicates its financial performance, segment trends, and key business developments over time.
Nathan's Famous, Inc. (NASDAQ:NATH) announced its fiscal year and fourth quarter results for the period ending March 31, 2024. The company declared a quarterly cash dividend of $0.50 per share, payable on July 2, 2024. Annual revenues rose to $138.61 million from $130.79 million, but operating income decreased from $34.45 million to $32.51 million. Adjusted EBITDA declined to $34.84 million from $36.38 million. Net income remained stable at $19.62 million, and earnings per diluted share were $4.80.
Q4 revenues increased to $28.99 million from $27.41 million, with operating income rising to $6.80 million from $6.42 million. Net income for Q4 was $3.91 million, up from $3.27 million, and EPS was $0.96 compared to $0.80. License royalties slightly increased to $33.58 million, and the Branded Product Program saw a sales rise of $7.61 million.
However, company-owned restaurant sales dropped slightly to $12.10 million due to unfavorable weather, while franchise operations saw a modest revenue increase to $4.36 million. The average selling price of hot dogs rose by 7% despite a 10% increase in beef costs.
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Nathan's Famous reported a 1% increase in revenues for the third quarter of fiscal 2023, totaling $26,154,000. Income from operations rose to $6,332,000, up from $5,613,000 in the previous year. Adjusted EBITDA increased to $6,899,000 compared to $5,907,000 in 2022. Net income rose to $3,263,000, bringing earnings per diluted share to $0.79. For the thirty-nine weeks, revenues surged by 15% to $103,371,000. The Board declared an 11% increase in quarterly cash dividends, now at $0.50 per share. Strong sales in the Branded Product Program contributed to these figures, supported by increased attendance at customer venues.
Nathan's Famous has launched a new franchise sales initiative targeting struggling restaurant owners impacted by the COVID pandemic. This program allows these owners to convert their existing or closed restaurants into Nathan's Famous locations. A limited-time offer reduces the franchise fee by 50%, providing flexibility in design and equipment usage to minimize costs. Additionally, franchisees can capitalize on revenue opportunities from Nathan's ghost kitchen brands like Arthur Treacher’s and Wings of New York.
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.