News

Nathan’s Famous Q1 revenues up

August 3, 2011

Jericho, N.Y.-based Nathan's Famous Inc. reported results for its first quarter 2012 ended June 26.

Highlights included a 14.5 percent revenue increase to $17,897,000, as compared to $15,626,000 during the 13 weeks ending June 27, 2010.

Net income was $1,596,000 or $0.31 per diluted share as compared to $1,660,000 or $0.29 per diluted share for the same period last year.

Earnings before income taxes increased by 2.9 percent, to $2,591,000, as compared to $2,517,000 for Q1 2011.

Additionally, sales from the Branded Product Program, featuring the sale of Nathan's hot dogs to the foodservice industry, increased by 29.2 percent, to $10,140,000, during the quarter compared to the same period last year.

Retail license royalties increased by 9.3 percent to $1,967,000, and revenues from franchise operations were up by 14.3 percent to $1,435,000.

Fourteen new franchised units were opened during the quarter, including Nathan's first restaurant in Alberta, Canada, third restaurant in Beijing, China, fourth restaurant in the Dominican Republic and 15th restaurant in Kuwait.

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