Nathan's Famous, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 25, 2022
February 02, 2023 at 11:03 am
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Nathan's Famous, Inc. reported earnings results for the third quarter and nine months ended December 25, 2022. For the third quarter, the company reported sales was USD 18.34 million compared to USD 18.64 million a year ago. Revenue was USD 26.15 million compared to USD 25.91 million a year ago. Net income was USD 3.26 million compared to USD 2.13 million a year ago. Basic earnings per share from continuing operations was USD 0.8 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 0.79 compared to USD 0.52 a year ago.
For the nine months, sales was USD 72.54 million compared to USD 61.46 million a year ago. Revenue was USD 103.37 million compared to USD 90.11 million a year ago. Net income was USD 16.36 million compared to USD 11.44 million a year ago. Basic earnings per share from continuing operations was USD 4 compared to USD 2.78 a year ago. Diluted earnings per share from continuing operations was USD 3.99 compared to USD 2.78 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. 
