News

Nathan's Famous releases Q3 results, declares 25-cent dividend

February 1, 2019

Nathan's Famous said for the quarter that ended Dec. 23, 2018, its revenues were down from $22,021,000 in 2017 to $20,222,000 last year's Q3, while adjusted EBITDA was up from $5,855,000 in Q3 2017, to $16,306,000 in Q3 2018, a news release said. The company also approved a 25-cent dividend. 

Other key highlights of the third-quarter report include: 

• $13,349,000 income before provision for income taxes, compared to a $7,086,000 loss before benefit for income taxes for the period in 2017. 
• $9,722,000 in net income this year's period, compared to a net loss of $3,779,000 for period in 2017. 
• Earnings per diluted share were $2.30 per share, compared to a loss per diluted share of $0.90 in 2017. 

For the thirty-nine weeks ended December 23, 2018:

• Revenues were $79,720,000, as compared to $84,295,000 during the thirty-nine weeks ended Dec. 24, 2017.
• Adjusted EBITDA, as subsequently defined, was $35,377,000, as compared to $24,085,000 for the thirty-nine weeks ended Dec. 24, 2017.
• Income before provision for income taxes was $26,331,000, as compared to $2,884,000 for the thirty-nine weeks ended Dec. 24, 2017.

Net income was $19,001,000, as compared to $2,263,000 for the thirty-nine weeks ended Dec. 24, 2017. Earnings per diluted share was $4.50 per share, as compared to $0.54 per share for the thirty-nine weeks ended Dec. 24, 2017.