Nathan's Famous, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 24, 2023
November 02, 2023 at 06:43 am EDT
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Nathan's Famous, Inc. reported earnings results for the second quarter and six months ended September 24, 2023. For the second quarter, the company reported sales was USD 28.55 million compared to USD 27.3 million a year ago. Revenue was USD 38.74 million compared to USD 37.5 million a year ago. Net income was USD 5.71 million compared to USD 5.96 million a year ago. Basic earnings per share from continuing operations was USD 1.4 compared to USD 1.46 a year ago. Diluted earnings per share from continuing operations was USD 1.4 compared to USD 1.46 a year ago.
For the six months, sales was USD 57.37 million compared to USD 54.2 million a year ago. Revenue was USD 80.73 million compared to USD 77.22 million a year ago. Net income was USD 13.1 million compared to USD 13.1 million a year ago. Basic earnings per share from continuing operations was USD 3.21 compared to USD 3.2 a year ago. Diluted earnings per share from continuing operations was USD 3.2 compared to USD 3.2 a year ago.
Nathan's Famous, Inc. is a licensor, wholesaler and retailer of products marketed under its Nathans brand, including its Nathans Beef Hot Dogs. The Company's segments include Branded Product Program, Product licensing, and Restaurant operations. The Branded Product Program segment is engaged in the sale of hot dog products either directly to foodservice operators or to various foodservice distributors who resell the products to foodservice operators. The Product licensing segment includes royalties, from licensing a range of its branded products, including its hot dogs, sausage and corned beef products, frozen French fries and additional products, through retail grocery channels and club stores throughout the United States. The Restaurant operations segment is engaged in the sale of its products at Company-owned restaurants and earns fees and royalties from its franchised restaurants, including its virtual kitchens. Its products are marketed for sale in approximately 79,000 locations.
NATHAN'S FAMOUS, INC. 
