NATHAN’S FAMOUS Reports First Quarter FY2024 Earnings Results
August 27, 2023
🌥️Earnings Overview
NATHAN’S ($NASDAQ:NATH) FAMILY announced their financial results for the first quarter of FY2024, which ended on June 30 2023. Revenue totaled USD 42.0 million, representing a 5.7% growth compared to the same period last year. Net income for the quarter was reported at USD 7.4 million, a 3.5% increase from the previous year.
Market Price
On Thursday, NATHAN’S FAMOUS reported their first quarter FY2024 earnings results. The stock opened at $81.5 but closed at $79.2, down by 2.0% from the previous closing price of $80.8. This news caused the stock to take a hit in the markets after having been on a steady climb for the past few weeks. The company reported strong earnings despite turbulent times throughout the U.S. economy. The company cited their focus on digital innovation and expanding their delivery services as key drivers of their success in the period. Furthermore, they highlighted recent menu additions as a major factor that allowed them to attract more customers and continue to drive sales growth.
In addition, NATHAN’S FAMOUS also reported that their customer loyalty program has been a huge success and is helping them retain customers and gain market share in the fast food industry. Overall, NATHAN’S FAMOUS is off to a great start in FY2024 and is well-positioned to capitalize on the consumer shift to digital and take advantage of the recovering economy in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nathan’s Famous. More…
| Total Revenues | Net Income | Net Margin |
| 133.05 | 19.87 | 15.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nathan’s Famous. More…
| Operations | Investing | Financing |
| 21.21 | -0.41 | -36.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nathan’s Famous. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 65.82 | 105.05 | -9.61 |
Key Ratios Snapshot
Some of the financial key ratios for Nathan’s Famous are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.7% | 9.7% | 25.8% |
| FCF Margin | ROE | ROA |
| 15.6% | -51.1% | 32.5% |
Analysis
GoodWhale’s analysis of NATHAN’S FAMOUS has classified it as a medium risk investment. We have used financial and business aspects to arrive at this conclusion. Our Risk Rating system has taken into consideration factors such as income sheets, balance sheets and other relevant data. We have detected two risk warnings in the income sheet and balance sheet of NATHAN’S FAMOUS. If you would like to investigate these warnings further, please register with us. We will be able to provide more detailed information about the risks associated with NATHAN’S FAMOUS. More…
Peers
In the fast-food industry, competition is fierce. Among the players is Nathan’s Famous Inc, a hot dog chain with a loyal following. The company is up against some big names, including Loungers PLC, Rave Restaurant Group Inc, and Kura Sushi USA Inc. Each company has its own strengths and weaknesses, but Nathan’s Famous is holding its own. The company has been around for over 100 years and is known for its high-quality products. It has also expanded beyond hot dogs, offering a variety of sandwiches, sides, and drinks. The company is continuing to grow, with plans to open new locations and add more menu items.
– Loungers PLC ($LSE:LGRS)
Lounge PLC is a publicly traded company with a market capitalization of 212.29 million as of 2022. The company has a return on equity of 13.73%. Lounge PLC is a provider of furniture and home furnishings. The company offers a wide range of products including sofas, chairs, tables, beds, and more. Lounge PLC has a wide variety of customers including retail stores, online retailers, and catalogues. The company operates in the United Kingdom, Europe, and the United States.
– Rave Restaurant Group Inc ($NASDAQ:RAVE)
Rave Restaurant Group, Inc. owns, operates, and franchises pizza buffet, delivery/carry-out, and express restaurants under the Pizza Inn and Pie Five Pizza Co. brands in the United States. As of September 25, 2020, it operated 310 Pizza Inn restaurants and 92 Pie Five Pizza Co. restaurants. The company was founded in 1958 and is based in The Colony, Texas.
– Kura Sushi USA Inc ($NASDAQ:KRUS)
Kura Sushi USA Inc is a sushi restaurant chain in the United States. It was founded in 2008 and is headquartered in Irvine, California. The company has over 60 locations across the United States. Kura Sushi USA Inc offers a variety of sushi rolls, nigiri, sashimi, and other Japanese cuisine. The company has a market cap of 701.9M as of 2022 and a Return on Equity of -2.25%.
Summary
Nathan’s Famous reported an increase in total revenue for the first quarter of FY2024, ending June 30 2023. Total revenue of USD 42.0 million represented a 5.7% year-over-year rise, while net income grew 3.5% to USD 7.4 million. This trend indicates a healthy outlook for the company and could be an attractive opportunity for investors seeking a return on their investment. Investors should consider the company’s competitive advantages, growth prospects, and financials when making an investment decision.
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