Quarterly ResultJun 9, 2026, 06:31 AM
Nathan's Famous Reports Mixed FY26 Results; Declares $0.50 Dividend
AI Summary
Nathan's Famous, Inc. reported mixed results for its fiscal year and fourth quarter ended March 29, 2026. While full-year revenues increased by 9.4% to $162.1 million, net income and diluted EPS declined by 16.7% and 17.4% respectively. For the fourth quarter, revenues rose by 13.9% to $35.1 million, but net income and diluted EPS also saw significant drops. The Board of Directors declared a quarterly cash dividend of $0.50 per share. The previously announced merger with Smithfield Foods, Inc. for $102.00 per share is now expected to close in the second half of 2026, a delay attributed to the partial government shutdown impacting CFIUS review.
Key Highlights
- Board declared a quarterly cash dividend of $0.50 per share, payable June 30, 2026.
- FY26 revenues increased 9.4% to $162.1 million, but net income fell 16.7% to $20.0 million.
- FY26 diluted EPS decreased 17.4% to $4.85 per share.
- Q4 FY26 revenues rose 13.9% to $35.1 million, while net income dropped 33.7% to $2.8 million.
- Q4 FY26 diluted EPS decreased 34.0% to $0.68 per share.
- Branded Product Program sales increased 15.2% to $105.8 million in FY26, despite a 19% rise in beef costs.
- Merger with Smithfield Foods for $102.00 per share is now expected to close in H2 2026 due to CFIUS review delays.
Price Impact
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