Nathan's Famous

Nathan's Famous annual net income up 18%
9th June 2008
By Staff Writer
Nathan's Famous, which operates and franchises fast food units, has reported a net income of $6.55 million, or $1.01 per share for the fiscal year ended March 30, 2008, an 18.3% increase compared to $5.54 million, or $0.87 per share for the fiscal 2007.


Income from continuing operations was $4.85 million, or $0.75 per share for the fiscal year ended March 30, 2008, an 11.7% increase compared to $4.34 million, or $0.68 per share for the fiscal 2007.
Total revenue from continuing operations increased by 10.3% to $47.39 million for the fiscal year ended March 30, 2008, compared to $42.97 million in fiscal 2007.
For the fourth quarter ended March 30, 2008, income from continuing operations was $774,000 or $0.12 per share as compared to $824,000 or $0.13 per share for the same period of 2007. The company reported total revenue from continuing operations of $10.27 million, a 14.6% increase compared to $8.96 million for the same period of 2007.
Net income for the fourth quarter ended March 30, 2008 was $752,000 or $0.12 per share, as compared to $1.24 million or $0.19 per share for the same period of 2007.