Nathan's Famous, Inc. Reports Second Quarter Results
Nathan's Famous, Inc.10 hours ago
JERICHO, N.Y., Nov. 5, 2014 /PRNewswire/ -- Nathan's Famous, Inc. ( NATH) today reported results for the second quarter of its 2015 fiscal year that ended September 28, 2014.
For the fiscal quarter ended September 28, 2014:
Net income increased by 45.5% to $3,854,000 as compared to $2,648,000 for the thirteen weeks ended September 29, 2013;Earnings per diluted share increased by 47.4% to $0.84 as compared to $0.57 for the thirteen weeks ended September 29, 2013;Earnings before income taxes increased by 49.3% to $6,528,000 as compared to $4,371,000 for the thirteen weeks ended September 29, 2013; and Revenues increased by 22.4% to $28,953,000, as compared to $23,662,000 during the thirteen weeks ended September 29, 2013.For the twenty-six weeks ended September 28, 2014:
Net income increased by 32.0% to $7,925,000 as compared to $6,002,000 for the twenty-six weeks ended September 29, 2013;Earnings per diluted share increased by 33.1% to $1.73 as compared to $1.30 for the twenty-six weeks ended September 29, 2013;Earnings before income taxes increased by 78.6% to $13,390,000 as compared to $7,497,000 for the twenty-six weeks ended September 29, 2013 (excluding non-routine items in 2013 relating to an insurance gain of $2,801,000 offset by an impairment charge of $400,000); and Revenues increased by 20.3% to $56,621,000, as compared to $47,063,000 during the twenty-six weeks ended September 29, 2013.Effective March 1, 2014, Nathan's commenced its new License Agreement with John Morrell & Co. |
