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Nathan's Famous Inc. Message Board

  • drmicrocaps drmicrocaps Nov 6, 2012 7:34 PM Flag

    2nd Quarter Results

    http://finance.yahoo.com/news/nathans-famous-inc-reports-second-203000040.html

    Sentiment: Strong Buy

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    • Nathan's Famous, Inc. Reports Second Quarter Results
      PR Newswire Nathan's Famous, Inc.
      10 hours ago
      
      JERICHO, N.Y., Nov. 5, 2014 /PRNewswire/ -- Nathan's Famous, Inc. (NATH) today reported results for the second quarter of its 2015 fiscal year that ended September 28, 2014.

      For the fiscal quarter ended September 28, 2014:

      Net income increased by 45.5% to $3,854,000 as compared to $2,648,000 for the thirteen weeks ended September 29, 2013;
      Earnings per diluted share increased by 47.4% to $0.84 as compared to $0.57 for the thirteen weeks ended September 29, 2013;
      Earnings before income taxes increased by 49.3% to $6,528,000 as compared to $4,371,000 for the thirteen weeks ended September 29, 2013; and
      Revenues increased by 22.4% to $28,953,000, as compared to $23,662,000 during the thirteen weeks ended September 29, 2013.
      For the twenty-six weeks ended September 28, 2014:

      Net income increased by 32.0% to $7,925,000 as compared to $6,002,000 for the twenty-six weeks ended September 29, 2013;
      Earnings per diluted share increased by 33.1% to $1.73 as compared to $1.30 for the twenty-six weeks ended September 29, 2013;
      Earnings before income taxes increased by 78.6% to $13,390,000 as compared to $7,497,000 for the twenty-six weeks ended September 29, 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 20.3% to $56,621,000, as compared to $47,063,000 during the twenty-six weeks ended September 29, 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.

      Sentiment: Hold

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

      Nathan's Famous, Inc. 2 hours ago

      JERICHO, N.Y., Nov. 8, 2013 /PRNewswire/ -- Nathan's Famous, Inc. (NATH) today reported results for the second quarter of its 2014 fiscal year that ended September 29, 2013.

      For the fiscal quarter ended September 29, 2013:
      •Net income was $2,648,000 as compared to $2,845,000 for the thirteen weeks ended September 23, 2012;
      •Earnings per diluted share were $0.57 as compared to $0.62 for the thirteen weeks ended September 23, 2012; and
      •Revenues increased by 10.8% to $23,662,000, as compared to $21,360,000 during the thirteen weeks ended September 23, 2012.

      For the twenty-six weeks ended September 29, 2013:
      •Net income increased by 23.7% to $6,002,000 as compared to $4,851,000 for the twenty-six weeks ended September 23, 2012;
      •Earnings per diluted share increased by 22.6% to $1.30 as compared to $1.06 for the twenty-six weeks ended September 23, 2012; and
      •Revenues increased by 13.3% to $47,063,000, as compared to $41,542,000 during the twenty-six weeks ended September 23, 2012.

      The Company also reported the following:
      •In March 2014, our new license agreement will commence with John Morrell & Co. replacing SMG, Inc. as Nathan's exclusive licensee to manufacture and sell branded hot dog, sausage and corned beef products at retail. As previously disclosed, we believe the financial terms of the John Morrell agreement are more advantageous to us compared to the financial terms of the current SMG agreement. Among those improved terms are royalties of 10.8% of net sales, compared to approximately 4.5% of net sales under the SMG agreement, as well as significant minimum annual royalty guarantees. Under the John Morrell Agreement, the minimum guarantee for the first year is $10 Million, and we believe that actual royalties should exceed the minimum.

      Sentiment: Hold

 
NATH
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