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    • Nathan's Famous, Inc. Reports First Quarter Results


      PR Newswire
      Nathan's Famous, Inc.
      August 5, 2014 8:30 AM

      JERICHO, N.Y., Aug. 5, 2014 /PRNewswire/ -- Nathan's Famous, Inc. (NATH) today reported results for the first quarter of its 2015 fiscal year that ended June 29, 2014.

      For the fiscal quarter ended June 29, 2014:
      •Net income increased by 21.4% to $4,071,000 as compared to $3,354,000 for the thirteen weeks ended June 30, 2013;
      •Earnings per diluted share increased by 21.9% to $0.89 as compared to $0.73 for the thirteen weeks ended June 30, 2013;
      •Earnings before income taxes increased by 119.5% to $6,862,000 as compared to $3,126,000 for the thirteen weeks ended June 30, 2013 (excluding non-routine items in 2013 relating to an insurance gain of $2,801,000 offset by an impairment charge of $400,000); and
      •Revenues increased by 18.2% to $27,668,000, as compared to $23,401,000 during the thirteen weeks ended June 30, 2013.

      Effective March 1, 2014, Nathan's commenced its new License Agreement with John Morrell & Co. replacing its prior licensee for the exclusive right and obligation to manufacture, distribute, market and sell "Nathan's Famous" branded hot dogs, through retail channels (e.g., supermarkets, groceries, mass merchandisers and club stores) within the United States. For the quarter, which is the first full quarter with the new agreement in effect, royalties earned pursuant to the new agreement, increased by 217.6% to $4,656,000 as compared to $1,466,000 earned under the prior agreement during the thirteen weeks ended June 30, 2013.

      The Company also reported the following:
      •Sales from the Branded Product Program, featuring the sale of Nathan's hot dogs to the foodservice industry, increased by 14.6% to $15,064,000 during the thirteen weeks ended June 29, 2014, as compared to sales of $13,141,000 during the thirteen weeks ended June 30, 2013.

      Sentiment: Hold

      • 1 Reply to drmicrocaps
      • Nathan's Famous, Inc. Reports First Quarter Results

        .

        PR Newswire
        Nathan's Famous, Inc.
        2 hours ago

        JERICHO, N.Y., Aug. 5, 2015 /PRNewswire/ -- Nathan's Famous, Inc. (NATH) today reported results for the first quarter of its 2016 fiscal year that ended June 28, 2015.

        For the fiscal quarter ended June 28, 2015:
        •Revenues increased by 11.1% to $30,654,000, as compared to $27,585,000 during the thirteen weeks ended June 29, 2014;
        •Income from operations increased by 12.3% to $7,616,000, as compared to $6,779,000 during the thirteen weeks ended June 29, 2014;
        •Adjusted EBITDA, as subsequently defined, increased by 10.9% to $8,257,000 as compared to $7,447,000 for the thirteen weeks ended June 29, 2014;
        •Net income was $2,310,000, as compared to $4,071,000 for the thirteen weeks ended June 29, 2014; and
        •Earnings per diluted share were $0.50 per share, as compared to $0.89 per share for the thirteen weeks ended June 29, 2014.

        The Company reported the following:

        •License royalties increased by 17.4% to $6,536,000 during the thirteen weeks ended June 28, 2015, as compared to $5,568,000 during the thirteen weeks ended June 29, 2014. During the thirteen weeks ended June 28, 2015, royalties earned under the John Morrell & Co., agreement increased by 19.7% to $6,095,000 as compared to $5,090,000 of royalties earned during the thirteen weeks ended June 29, 2014.
        •Sales from the Branded Product Program, featuring the sale of Nathan's hot dogs to the foodservice industry, increased by 15.6% to $17,415,000 during the thirteen weeks ended June 28, 2015, as compared to sales of $15,064,000 during the thirteen weeks ended June 29, 2014.

        Sentiment: Strong Buy

    • Nathan's Famous, Inc. Reports First Quarter Results

      JERICHO, N.Y., Aug. 5, 2014 /PRNewswire/ -- Nathan's Famous, Inc. (NATH) today reported results for the first quarter of its 2015 fiscal year that ended June 29, 2014.

      For the fiscal quarter ended June 29, 2014:
      •Net income increased by 21.4% to $4,071,000 as compared to $3,354,000 for the thirteen weeks ended June 30, 2013;
      •Earnings per diluted share increased by 21.9% to $0.89 as compared to $0.73 for the thirteen weeks ended June 30, 2013;
      •Earnings before income taxes increased by 119.5% to $6,862,000 as compared to $3,126,000 for the thirteen weeks ended June 30, 2013 (excluding non-routine items in 2013 relating to an insurance gain of $2,801,000 offset by an impairment charge of $400,000); and
      •Revenues increased by 18.2% to $27,668,000, as compared to $23,401,000 during the thirteen weeks ended June 30, 2013.

      Effective March 1, 2014, Nathan's commenced its new License Agreement with John Morrell & Co. replacing its prior licensee for the exclusive right and obligation to manufacture, distribute, market and sell "Nathan's Famous" branded hot dogs, through retail channels (e.g., supermarkets, groceries, mass merchandisers and club stores) within the United States. For the quarter, which is the first full quarter with the new agreement in effect, royalties earned pursuant to the new agreement, increased by 217.6% to $4,656,000 as compared to $1,466,000 earned under the prior agreement during the thirteen weeks ended June 30, 2013.

      The Company also reported the following:
      •Sales from the Branded Product Program, featuring the sale of Nathan's hot dogs to the foodservice industry, increased by 14.6% to $15,064,000 during the thirteen weeks ended June 29, 2014, as compared to sales of $13,141,000 during the thirteen weeks ended June 30, 2013.

      Sentiment: Hold

    • Nathan's Famous, Inc. Reports First Quarter Results
      PR NewswirePress Release: Nathan's Famous, Inc. – 6 hours ago..

      JERICHO, N.Y., Aug. 7, 2013 /PRNewswire/ -- Nathan's Famous, Inc. (NATH) today reported results for the first quarter of its 2014 fiscal year that ended June 30, 2013.

      For the fiscal quarter ended June 30, 2013:
      •Net income increased by 67.2% to $3,354,000 as compared to $2,006,000 for the thirteen weeks ended June 24, 2012;
      •Earnings per diluted share increased by 65.9% to $0.73 as compared to $0.44 for the thirteen weeks ended June 24, 2012; and
      •Revenues increased by 15.9% to $23,401,000, as compared to $20,182,000 during the thirteen weeks ended June 24, 2012.

      The Company also reported the following:
      •Sales from the Branded Product Program, featuring the sale of Nathan's hot dogs to the foodservice industry, increased by 11.3% to $13,141,000 during the thirteen weeks ended June 30, 2013, as compared to sales of $11,806,000 during the thirteen weeks ended June 24, 2012.
      •Sales from the Company-owned restaurants were $3,726,000 during the thirteen weeks ended June 30, 2013 as compared to $4,588,000 during the thirteen weeks ended June 24, 2012; however, the decline in sales was due to the following: (1) Our Flagship Coney Island restaurant, which was severely damaged by Superstorm Sandy, was not fully repaired and reopened until May 20, and operated for only 5 weeks of the quarter this year, compared to the full 13 weeks last year; and (2) The temporary closing of our Yonkers restaurant for redevelopment since December 2012. We estimate that these two factors negatively impacted sales by approximately $1,400,000.
      •Since reopening, sales at our Flagship Coney Island restaurant for the five weeks ending June 30, 2013 were approximately 19% higher than the comparative five weeks of the previous fiscal period

      Sentiment: Hold

 
NATH
33.65-0.37(-1.09%)Aug 28 4:00 PMEDT