Nathan's Famous, Inc. Reports Third Quarter Results

JERICHO, N.Y., Feb. 4, 2015 /PRNewswire/ -- Nathan's Famous, Inc. (NASDAQ: NATH) today reported results for the third quarter of its 2015 fiscal year that ended December 28, 2014.

For the thirteen weeks ended December 28, 2014:

• Net income increased by 102.4% to $2,241,000, as compared to $1,107,000 for the thirteen weeks ended December 29, 2013;
• Earnings per diluted share increased by 104.2% to $0.49 per share, as compared to $0.24 per share for the thirteen weeks ended December 29, 2013;
• Earnings before income taxes increased by 110.2% to $3,803,000 as compared to $1,809,000for the thirteen weeks ended December 29, 2013; and
• Revenues increased by 20.6% to $22,353,000, as compared to $18,533,000 during the thirteen weeks ended December 29, 2013.

For the thirty-nine weeks ended December 28, 2014:

• Net income increased by 43.0% to $10,166,000 as compared to $7,109,000 for the thirty-nine weeks ended December 29, 2013;
• Earnings per diluted share increased by 43.5% to $2.21 per share, as compared to $1.54 per share for the thirty-nine weeks ended December 29, 2013;
• Earnings before income taxes increased by 84.8% to $17,193,000 as compared to $9,306,000for the thirty-nine weeks ended December 29, 2013 (excluding non-routine items in 2013 relating to an insurance gain of $2,801,000 offset by an impairment charge of $400,000); and
• Revenues increased by 25.8% to $78,974,000, as compared to $62,795,000 during the thirty-nine weeks ended December 29, 2013, (excluding the non-routine insurance gain of$2,801,000 in 2013). Full report.