Hot dog chain Nathan's Famous' Q4 profit falls on higher beef costs

Nathan's Famous

09/06/2026 11:39

Overview
US hot dog seller's fiscal Q4 revenue rose yr/yr, but net income and EPS declined
Company cited higher beef costs and lower restaurant traffic for profit decline
Pending acquisition by Smithfield Foods expected to close in H2 2026

Outlook
Company expects Smithfield Foods merger to close in second half of 2026

Result Drivers
HIGHER BEEF COSTS - Profitability was pressured by a 19% increase in the cost of beef and beef trimmings
HIGHER SELLING PRICES - Average selling price for hot dogs increased by about 12%, partially offsetting cost pressures
LOWER RESTAURANT TRAFFIC - Company-owned restaurant sales were impacted by lower foot traffic, especially at Coney Island, due to unfavorable weather

Company press release: ID:nGNX3yVgdy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
 
$35.1 mln
 
Q4 EPS
 
$0.68

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)