Nathan's Famous Q1 profit dips due to higher beef costs

Nathan's Famous

07/08/2026 11:40

Overview
U.S. branded food seller's fiscal Q1 revenue rose 15% yr/yr, driven by higher product sales
Net income and diluted EPS edged down due to higher beef costs

Outlook
Nathan's expects Smithfield Foods merger to close in second half of 2026

Result Drivers
BRANDED PRODUCT PROGRAM - Revenue growth was driven by a $6 mln increase in sales to the foodservice industry and an 8% rise in hot dog volume, with average selling price up 17%
HIGHER BEEF COSTS - Income from operations in the branded product program fell due to a 22% increase in the cost of beef and beef trimmings
LICENSING ROYALTIES - Licensing royalties, mainly from Smithfield Foods, rose 10% to $12.6 mln

Company press release: ID:nGNX3nx0Xj

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
$54.06 mln
 
Q1 EPS
 
$2.14
 

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Aug 4 - Food distributor Sysco forecasts strong annual results on resilient demand

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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.)