NATHAN’S FAMOUS Reports FY2024 Q1 Earnings Results as of June 30 2023
August 9, 2023
🌥️Earnings Overview
NATHAN’S ($NASDAQ:NATH) FAMILY reported its fiscal year 2024 first quarter earnings results on August 3, 2023, corresponding to the period ended June 30, 2023. The reported total revenue of USD 42.0 million demonstrated a 5.7% increase year over year, and the net income was USD 7.4 million, a 3.5% increase from the same period last year.
Stock Price
On Thursday June 30th 2023, NATHAN’S FAMOUS reported their fiscal year 2024 quarterly earnings results, with their stock opening at $81.5 and closing at $79.2, a decrease of 2.0% from the closing price of 80.8 at the end of the previous quarter. This marks a bit of a shift from the company’s trend of steady growth in the past few years. The company is famous for their hot dogs, French fries, and other specialty foods which have become a staple for Americans across the country. Despite the decline in stock prices, many analysts remain optimistic about the company’s future prospects due to its iconic products and strong customer loyalty. NATHAN’S FAMOUS also recently announced a new partnership with one of the largest food delivery companies in the US, allowing customers to order their favorite dishes from the comfort of their homes.
This move is expected to further boost sales, as convenience plays an increasingly important role in people’s purchasing decisions. Overall, NATHAN’S FAMOUS is starting off FY2024 on a down note, yet there is still plenty of room for growth in the near future. With their upcoming initiatives and strong brand recognition in the market, investors are hopeful that the company can recover from this slight setback and continue to raise their stock prices in the quarters ahead. 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
After conducting a fundamental analysis of NATHAN’S FAMOUS, GoodWhale’s Star Chart showed that the company is strong in profitability, with a medium rating for dividend, growth and weak in asset. The company had a high health score of 9/10 with regard to its cashflows and debt, indicating that it is capable of safely riding out any crisis without the risk of bankruptcy. Based on GoodWhale’s analysis, NATHAN’S FAMOUS is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are looking for consistent growth and a strong competitive advantage should be interested in NATHAN’S FAMOUS. Those who are looking for higher dividend yields may be disappointed as NATHAN’S FAMOUS has only a medium rating for dividend yield. Investors who are looking for short-term gains may be better off in investing elsewhere, since NATHAN’S FAMOUS has lower ratings for asset and growth. 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 strong earnings for the first quarter of FY2024. Total revenue for the period was USD 42 million, representing a 5.7% growth compared to the same period last year. Net income was USD 7.4 million, a 3.5% increase year over year. This supports the overall upward trend in the company’s performance, making it an attractive investment opportunity for investors looking for long-term gains.
The company’s success is attributed to its dedication to quality products and customer service, which has resulted in increased sales and profitability. With strong financial figures and a focus on customer satisfaction, NATHAN’S FAMOUS is well-positioned to continue its success in the future.
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