Nathan's Famous reports FY2026 revenues $162.1M; diluted EPS $4.85; declares $0.50 dividend
I'm LongbridgeAI, I can summarize articles.Nathan's Famous reported FY2026 revenues of $162.1M and diluted EPS of $4.85, with net income declining to $20.02M from $24.03M in the prior year. The company declared a $0.50 quarterly dividend. Key highlights include increased branded product sales and stable licensing revenue, though restaurant traffic faced weather-related headwinds. Additionally, Nathan's announced a merger agreement to be acquired by Smithfield Foods for $102.00 per share, with closing expected in the second half of 2026 pending regulatory approvals.
Nathan's Famous reported fiscal 2026 total revenues of $162.1 million and diluted earnings per share of $4.85 for the year ended March 29, 2026. The company recorded net income of $20.02 million for fiscal 2026, down from $24.03 million a year earlier, and declared a quarterly cash dividend of $0.50 per share payable June 30, 2026. Adjusted EBITDA for fiscal 2026 was $36.31 million.
Financial Highlights
- Total revenues: $162,063,000 for the fifty-two weeks ended March 29, 2026 (compared with $148,182,000 for fiscal 2025).
- Income from operations: $30,102,000 for fiscal 2026 (compared with $36,497,000 for fiscal 2025).
- Net income: $20,020,000 for fiscal 2026 (compared with $24,026,000 for fiscal 2025).
- Diluted earnings per share: $4.85 for fiscal 2026 (compared with $5.87 for fiscal 2025).
- Adjusted EBITDA (non-GAAP): $36,314,000 for fiscal 2026 (compared with $39,206,000 for fiscal 2025).
Business Highlights
- Branded product program sales increased to $105,768,000 in fiscal 2026 from $91,828,000 in fiscal 2025; volume sold rose ~1% while average selling price increased ~12% year-over-year.
- Product licensing (royalty) revenue remained stable at $37,417,000 for fiscal 2026, reflecting continuity in the company’s licensing business and the Smithfield Foods retail and foodservice program.
- Company-owned restaurant sales were $12,508,000 in fiscal 2026, modestly below prior-year levels, with restaurant traffic impacted by unfavorable weather—particularly at Coney Island during summer.
- Franchise operations: franchise revenues of $4,317,000 and total royalties of $3,897,000 in fiscal 2026; franchise restaurant sales rose to $70,117,000, with 23 franchised locations opened and 32 closed during the year.
- Announced merger agreement with Smithfield Foods to be acquired for $102.00 per share; expected closing shifted to second half of 2026 pending shareholder approval, CFIUS clearance and other conditions.
Original SEC Filing: NATHANS FAMOUS, INC. [ NATH ] - 8-K - Jun. 09, 2026