Nathan's Famous Q3 net income falls on higher costs
Overview
Hot dog seller's fiscal Q3 revenue rose yr/yr, but net income and EPS declined
Company entered merger agreement with Smithfield Foods, expected to close in H1 2026
Company declared regular quarterly cash dividend of $0.50 per share
Outlook
Company expects merger with Smithfield Foods to close in first half of 2026
Nathan's will become privately-held post-merger with Smithfield Foods
Result Drivers
BRANDED PRODUCT PROGRAM - Sales increased by $10.1 mln to $81.9 mln, driven by a 12% rise in average selling price, despite a 19% increase in beef costs
LICENSE ROYALTIES - Decreased by 2% to $29 mln, impacted by a decline in royalties from Smithfield Foods
RESTAURANT SALES - Declined slightly due to 2% drop in customer traffic, partially offset by 1% increase in average check
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $34.30 mln |
|
Q3 EPS |
| $0.75 |
|
Q3 Dividend |
| $0.50 |
|
Press Release: ID:nGNX7vDFsJ
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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