Brief: Nathan's Famous Posts Q4 Earnings Per Share Of $0.76

Nathan's Famous

12/06/2020 14:24

June 12 (Reuters) - Nathan's Famous Inc  NATH.O :
    * NATHAN'S FAMOUS, INC. REPORTS YEAR-END AND FOURTH QUARTER
RESULTS
    * Q4 EARNINGS PER SHARE $0.76
    * Q4 REVENUE $21.71 MILLION VERSUS $22.13 MILLION
    * NATHAN'S FAMOUS - SEASONAL LOCATION ON CONEY ISLAND
BOARDWALK
OPENED ON MAY 15
    * NATHAN'S FAMOUS - EXPECT FRANCHISED LOCATIONS, ROYALTY
REVENUE
FROM FRANCHISEES WILL BE NEGATIVELY IMPACTED
    * NATHAN'S FAMOUS - DURING MARCH 2020, ROYALTIES FROM
LICENSE
AGREEMENTS SIGNIFICANTLY HIGHER THAN MARCH 2019
    * NATHAN'S FAMOUS - EXPECT TO REALIZE DECLINES IN SALES,
PROFITS
FROM BRANDED PRODUCT PROGRAM
    * NATHAN'S FAMOUS - COVID-19 RELATED CLOSURES MATERIALLY
IMPACTED
CO-OWNED RESTAURANTS REVENUE SINCE MID MARCH
    * NATHAN'S FAMOUS - AS OF MARCH 29, THREE OF FOUR CO-OWNED
RESTAURANTS WERE OPEN

Source text for Eikon:  ID:nGNX7PJ2N2 
Further company coverage:  NATH.O 

 (((Reuters.Briefs@thomsonreuters.com);))