Nathan's Famous, Inc. Reports Second Quarter Results

JERICHO, N.Y., Nov. 4, 2015 /PRNewswire/ -- Nathan's Famous, Inc. today reported results for the second quarter of its 2016 fiscal year that ended September 27, 2015.

For the fiscal quarter ended September 27, 2015:

• Income from operations increased by 30.7% to $8,426,000, as compared to $6,447,000 during the thirteen weeks ended September 28, 2014;
• Adjusted EBITDA, as subsequently defined, increased by 26.7 % to $9,006,000 as compared to $7,106,000 for the thirteen weeks ended September 28, 2014;
• Net income was $2,847,000, as compared to $3,854,000 for the thirteen weeks ended September 28, 2014;
• Earnings per diluted share were $0.64 per share, as compared to $0.84 per share for the thirteen weeks ended September 28, 2014; and
• Revenues increased by 6.1% to $30,619,000, as compared to $28,872,000 during the thirteen weeks ended September 28, 2014.

For the twenty-six weeks ended September 27, 2015:

• Income from operations increased by 21.3% to $16,042,000, as compared to $13,226,000 during the twenty-six weeks ended September 28, 2014;
• Adjusted EBITDA, as subsequently defined, increased by 18.6% to $17,257,000 as compared to $14,553,000 for the twenty-six weeks ended September 28, 2014;
• Net income was $5,157,000, as compared to $7,925,000 for the twenty-six weeks ended September 28, 2014;
• Earnings per diluted share were $1.14 per share, as compared to $1.73 per share for the twenty-six weeks ended September 28, 2014; and
• Revenues increased by 8.5% to $61,273,000, as compared to $56,457,000 during the twenty-six weeks ended September 28, 2014. Full report.