Nathan's Famous Reports 77% Revenue Growth In Q1, Declares Dividend

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  • Nathan's Famous Inc NATH reported first-quarter FY22 revenue growth of 77% year-on-year, to $31.32 million.
  • Branded product program revenue increased 236.8% Y/Y, Product licensing rose 1.5%, and Restaurant operations gained 99.3%.
  • The operating margin was 34.2%, and operating income for the quarter rose 32.2% to $10.7 million.
  • Adjusted EBITDA of $11.1 million increased 29.4% Y/Y.
  • EPS of $1.40 gained 44.3% Y/Y.
  • The company's quarterly cash dividend of $0.35 per share is payable on September 3, 2021, to shareholders of record on August 23, 2021.
  • Price action: NATH shares traded higher by 2.20% at $65.48 on the last check Friday.
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Posted In: EarningsNewsBriefsConsumer DiscretionaryRestaurants
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