News

Nathan's Famous reports Q3 results

Nathan's Famous Inc. reported results for Q3 of the 2015 fiscal year that ended Dec. 28.

February 4, 2015

Nathan's Famous Inc. reported results for Q3 of the 2015 fiscal year that ended Dec. 28.

Highlights include:

• For the thirteen weeks ended Dec. 28, 2014:
  • Net income increased by 102.4% to $2,241,000, as compared to $1,107,000 for the thirteen weeks ended Dec. 29, 2013;
  • Earnings per diluted share increased by 104.2% to $0.49 per share, as compared to $0.24 per share for the thirteen weeks ended Dec. 29, 2013;
  • Earnings before income taxes increased by 110.2% to $3,803,000 as compared to $1,809,000 for the thirteen weeks ended Dec. 29, 2013; and
  • Revenues increased by 20.6% to $22,353,000, as compared to $18,533,000 during the thirteen weeks ended Dec. 29, 2013.

• For the thirty-nine weeks ended December 28, 2014:
  • Net income increased by 43.0% to $10,166,000 as compared to $7,109,000 for the thirty-nine weeks ended Dec. 29, 2013;
  • Earnings per diluted share increased by 43.5% to $2.21 per share, as compared to $1.54 per share for the thirty-nine weeks ended Dec. 29, 2013;
  • Earnings before income taxes increased by 84.8% to $17,193,000 as compared to $9,306,000 for the thirty-nine weeks ended Dec. 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 25.8% to $78,974,000, as compared to $62,795,000 during the thirty-nine weeks ended Dec. 29, 2013, (excluding the non-routine insurance gain of $2,801,000 in 2013).