Nathan's Famous up as demand for hot dog drives earnings

Nathan's Famous

05/08/2022 16:13

** Shares in hot dog chain Nathan's Famous  NATH.O  rise
4.6% to $57.51
    ** Nathan's Famous says revenue rose 27% to $39.7 million
for the first quarter ended June 26, as sales of its hot dogs to
the foodservice industry, which includes sports arenas,
amusement parks, shopping malls and movie theaters, soared
 urn:newsml:reuters.com:*:nGNX76KQR4
    ** Average selling price in the branded product program
business, which includes the sale of hot dogs to the foodservice
industry, increased by around 14%
    ** Earnings per share climb to $1.74 from $1.40 last year
    ** NATH shares have fallen nearly 2% this year

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))