Nathan's Famous Q3 net income falls on higher costs

Nathan's Famous

05/02/2026 11:41

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

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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.)