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Nathan's Famous Inc. (NATH) is a renowned name in the fast-food industry, celebrated for its world-famous hot dogs and a rich history that dates back to 1916. Founded by Polish immigrant Nathan Handwerker, the company started as a humble nickel hot dog stand on Coney Island, fueled by a $300 loan and a secret spice recipe.
Today, Nathan's Famous has evolved into a global brand with over 300 restaurant locations, five of which are corporate-owned, while the rest are franchised or licensed. The company's menu is diverse, featuring not only their iconic beef hot dogs and crinkle-cut french fries but also a variety of other items. Their products are available in numerous outlets, including movie theaters, bowling centers, cruise ships, casinos, and more.
The company's operations are categorized into four primary segments: the Branded Product Program, Product Licensing, Restaurant Operations, and Corporate. The Branded Product Program is the most significant revenue driver, focusing on the sale of hot dog products either directly to foodservice operators or through various distributors.
Nathan's Famous products are distributed across all 50 states in the U.S. and six countries worldwide. The company also engages in co-branding partnerships with other quick-service restaurants.
Recent achievements include the redemption of $20 million of its 6.625% Senior Secured Notes due in 2025, and the declaration of a quarterly cash dividend of $0.50 per share. The company’s financial performance is robust, with the majority of its revenue derived from the United States. For more detailed financial information, including EBITDA and Adjusted EBITDA figures, please refer to their latest financial releases.
Latest News: Declares Quarterly Cash Dividend Of $0.50 Per Share. COMPANY: Robert Steinberg, Vice President - Finance and CFO. CONTACT: (516) 338-8500 ext. 229.
Nathan's Famous (NASDAQ:NATH) reported strong second quarter fiscal 2025 results with revenues increasing to $41.1 million from $38.7 million year-over-year. Net income rose to $6.03 million ($1.47 per diluted share) from $5.71 million ($1.40 per share). For the first half of fiscal 2025, revenues reached $85.9 million, up from $80.7 million, while net income increased to $15.3 million ($3.74 per share) from $13.1 million ($3.20 per share). License royalties grew to $22.4 million, with Smithfield Foods royalties up 13%. The company declared a quarterly dividend of $0.50 per share.
Nathan's Famous, Inc. (NASDAQ:NATH) reported strong first quarter fiscal 2025 results, with revenues increasing to $44,767,000 from $41,985,000 in the same period last year. The company's net income rose to $9,277,000, or $2.27 per diluted share, compared to $7,388,000, or $1.81 per share, in the previous year. Key highlights include:
- License royalties increased to $12,921,000
- Branded Product Program sales grew by $976,000 to $26,146,000
- Company-owned restaurant sales rose to $4,199,000
- The company refinanced its Senior Secured Notes with a new $60 million unsecured term loan and $10 million revolving credit facility
- A quarterly cash dividend of $0.50 per share was declared
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.
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.
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