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Nathan's Famous Inc. reported results for its fiscal year ended March 31, which included a net income increase of 21.3 percent.
Revenues for the year were up 8 percent, $71.5M for the 53 weeks ended March 31, as compared to $66.2M during the 52 weeks ended March 25, 2012.
For the fourth quarter, net income was up 43.7 percent, while revenues increased 3.9 percent.
Despite numbers in the black, the company was adversely affected by the October Hurricane Sandy storm, which forced the temporary closing of all of the company-owned restaurants. Seventy-eight franchised restaurants, including 18 Branded Menu locations, also closed for varying periods of time, one of which remains closed.
The flagship Coney Island restaurant incurred significant damage, and re-opened on May 20.
The company also reported the following:
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