Nathan's Famous Reports an Over 31M-Dollar Boost in First Quarter Results

Nathan’s Famous has continued to pursue impressive growth in the meat sector, from the recent expansion of its ghost kitchens to the launch of several new hot dog products. Recently, the meat maven pulled back the curtain on even more growth, revealing a revenue boost of $31 million in its first quarter results.

In the report, the provider detailed significant growth throughout its operations and the continued success of its branded products. Nathan’s Famous’ first quarter fiscal results revealed a net income of $5,763,000 and $31,319,000 in revenue.

Other highlights from the first quarter financial report include:

• Adjusted EBITDA1, a non-GAAP financial measure, was $11,061,000 as compared to $8,550,000 during the thirteen weeks ended June 28, 2020
• Income from operations was $10,702,000, as compared to $8,094,000 during the thirteen weeks ended June 28, 2020
• Earnings per diluted share was $1.40 per share
• In the Branded Product Program, which features the sale of Nathan’s hot dogs to the foodservice industry, income from operations increased by approximately $1,982,000, with sales reaching $15,996,000

As it continues to see immense success across the meat sector, Deli Market News will keep an eye out for what’s to come from Nathan’s Famous.