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Mar 30

Nathan's Q4 2025 Earnings Report

Nathan's reported Q4 results with modest revenue growth and higher net income compared to the prior year.

Key Takeaways

Nathan’s Famous, Inc. delivered a solid Q4 with increases in revenue and net income. Despite slightly lower operating income, strong licensing revenue and branded product sales contributed to the positive performance.

Net income for the fourth quarter of fiscal 2025 increased to $4.235 million.

Diluted EPS for the fourth quarter of fiscal 2025 increased to $0.99.

Full fiscal year 2025 net income reached $24.026 million.

Full fiscal year 2025 diluted EPS was $5.63.

Total Revenue
$30.8M
Previous year: $29M
+6.2%
EPS
$1.03
Previous year: $0.96
+7.3%
EBITDA
$6.81M
Previous year: $7.1M
-4.0%
Adjusted EBITDA
$7.1M
Previous year: $7.28M
-2.6%
Cash and Equivalents
$21.1M
Previous year: $21M
+0.5%
Total Assets
$123M
Previous year: $51M
+141.0%

Nathan's

Nathan's

Nathan's Revenue by Segment

Forward Guidance

No specific numerical forward guidance provided, but dividend declaration and operational commentary suggest cautious optimism.

Positive Outlook

  • Product licensing revenue remained strong, driven by Smithfield Foods.
  • Hot dog sales volume grew along with higher average selling price.
  • Net income increased year-over-year.
  • First quarterly dividend for FY26 declared at $0.50 per share.
  • Strong contribution from branded product segment.

Challenges Ahead

  • Restaurant revenue and operating margin declined versus last year.
  • EBITDA and Adjusted EBITDA slightly declined year-over-year.
  • Cost of beef and beef trimmings rose 7%, pressuring margins.
  • No clear forward-looking quantitative guidance provided.
  • Corporate operating expenses remained significant and unallocated.