Industry News | August 7, 2006

Nathan's Famous Reports Q1 Results

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Nathan's Famous, Inc. today reported results for the first quarter of its 2007 fiscal year that ended June 25, 2006. Net income for the quarter ended June 25, 2006 increased by 19.4 percent to $1,396,000 or $0.24 per basic share and $0.22 per diluted share as compared to $1,169,000 or $0.21 per basic share and $0.18 per diluted share for the quarter ended June 26, 2005.

Income from continuing operations was $1,396,000 or $0.24 per basic share and $0.22 per diluted share for the quarter ended June 25, 2006 as compared to $1,191,000 or $0.21 per basic share and $0.18 per diluted share for the quarter ended June 26, 2005.

Total revenue from continuing operations increased by 7.6 percent to $12,244,000 during the quarter ended June 25, 2006 as compared to $11,382,000 during the quarter ended June 26, 2005.

The company also reported that its Branded Product Program, featuring the sale of Nathan's hot dogs to the foodservice industry, has continued to grow. Sales increased by 17.8 percent to $5,073,000 for the first quarter fiscal 2007 as compared to sales of $4,305,000 in the first quarter fiscal 2006. Nathan's other operating profit centers, including company-owned restaurants, restaurant franchising and retail licensing, and sales to a television marketer, increased revenues by $111,000 or 1.6 percent compared to the first quarter fiscal 2006.