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Nathan's Famous posts positive Q1

Nathan's Famous reported results for its fiscal year and fourth quarter ended March 29, 2015.

June 10, 2015

Nathan's Famous reported that its net income increased by 40.5 percent to $11.70 million as compared to $8.32 million for fiscal year 2014.

Income from operations came in at $19.95 million, an 82.7-percent increase compared to $10.92 million the year prior. Adjusted EBITDA increased by 68.5 percent to $22.49 million compared to $13.35 million for the previous year. Revenues grew to $99.11 million, a 24.3-percent increase from $79.75 million in 2014, according to the company..

Franchise operation revenues decreased 2.4 percent to $5.58 million, but the company opened 38 new franchise units during the year, including 17 Branded Menu Program outlets and 13 international locations, with its first locations in Costa Rica and Malaysia.