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Nathan's Famous, Inc. reports developments tied to its branded hot dog and restaurant business, including quarterly results, cash dividends, licensed retail products, foodservice sales programs, and franchise restaurant openings. The company distributes Nathan's Famous products through product licensing activities, foodservice sales programs, and its restaurant system across the United States, U.S. territories, and foreign markets.
Recurring updates also cover menu and packaged-food launches such as beef franks, restaurant locations featuring hot dogs and crinkle-cut fries, and corporate actions involving material agreements, governance matters, operating results, and capital-structure disclosures.
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.
Nathan's Famous reported a significant decline in revenues for the first quarter of fiscal 2021, totaling $17.686 million, down from $30.518 million in the same period last year. Income from operations decreased to $8.094 million from $9.448 million, while net income fell to $4 million compared to $5.369 million in Q1 fiscal 2020. Despite challenges due to the COVID-19 pandemic, license royalties rose to $10.523 million, driven by increased consumer demand. However, sales from Company-operated restaurants and franchise operations saw significant declines.
Nathan's Famous reported its fiscal results for the year ending March 29, 2020, with revenues of $103.3 million, reflecting a slight increase from $101.8 million in 2019. Net income dropped to $13.4 million from $21.5 million. The company declared a cash dividend of $0.35 per share, payable on June 26, 2020. License royalties rose to $25.9 million, while revenue from the Branded Product Program decreased. COVID-19 significantly impacted operations, especially in restaurants and franchise locations.