Nathan's Famous Franchise News

JERICHO, N.Y., Feb. 3, 2012 /PRNewswire/ -- Nathan's Famous, Inc. (NASDAQ: NATH) today reported results for the third quarter of its 2012 fiscal year that ended December 25, 2011.
For the fiscal quarter ended December 25, 2011:

Net income was $1,211,000 or $0.24 per diluted share as compared to net (loss) of $(153,000) or $(0.03) per diluted share for the thirteen weeks ended December 26, 2010;
Non-GAAP earnings after tax, which exclude the litigation expense items described below, increased by 17.8% to $1,284,000 as compared to $1,090,000 for the thirteen weeks ended December 26, 2010;
Non-GAAP earnings per share, which exclude the litigation expense items described below, increased by 25.0% to $0.25 per diluted share as compared to $0...

JERICHO, N.Y., Jan. 19, 2012 /PRNewswire/ -- Nathan's Famous, Inc. (NASDAQ: NATH) announced today the final results of its modified Dutch Auction tender offer to purchase for cash up to 500,000 shares of its common stock, $0.01 par value, at a price per share of not less than $20.00 nor greater than $22.00 per share. The tender offer expired at 12:00 midnight, Eastern Time, on January 12, 2012.
Based on the final count by American Stock Transfer & Trust Company, the Depositary for the tender, 663,982 shares of common stock were properly tendered and not withdrawn, at or below the final purchase price of $22.00 per share. Pursuant to the terms of the tender offer, Nathan's Famous purchased an additional 98,959 shares (within up to 2% of the outstanding shares of its common stock)...

JERICHO, N.Y., Jan. 13, 2012 /PRNewswire/ -- Nathan's Famous, Inc. (NASDAQ: NATH) announced today the preliminary results of its previously announced modified Dutch Auction tender offer to purchase for cash up to 500,000 shares of its common stock, $0.01 par value, at a price per share of not less than $20.00 nor greater than $22.00 per share. The tender offer expired at 12:00 midnight, Eastern time, on January 12, 2012.
Based on the preliminary count by American Stock Transfer & Trust Company, the Depositary for the tender, approximately 666,486 shares of common stock were properly tendered and not withdrawn, at or below the final purchase price of $22.00 per share, including approximately 70,873 shares that were tendered through notice of guaranteed delivery...

JERICHO, N.Y., Dec 05, 2011 (BUSINESS WIRE) --- Nathan's Famous, Inc. (NASDAQ: NATH) today announced that it will commence mailing to its stockholders on or about December 8, 2011 a modified Dutch Auction tender offer to purchase for cash up to 500,000 shares of its common stock, $.01 par value, at a price per share of not less than $20.00 nor greater than $22.00, for a maximum aggregate purchase price of $11,000,000. The closing price of the Company's stock was $19.0999 on December 2, 2011.
The tender offer will commence on December 8, 2011, and the Company expects the tender offer will expire at 12:00 Midnight, Eastern Time, on January 12, 2012 unless extended or withdrawn. The Company intends to fund this tender offer with cash on hand...

 
JERICHO, N.Y., Nov 01, 2011 (BUSINESS WIRE) -- Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for the second quarter of its 2012 fiscal year that ended September 25, 2011.
For the fiscal quarter ended September 25, 2011:

Net income was $2,269,000 or $0.44 per diluted share as compared to $151,000 or $0.03 per diluted share for the thirteen weeks ended September 26, 2010;
Non-GAAP earnings after tax, which exclude the litigation expense items described below, increased by 8.7% to $2,343,000 as compared to $2,155,000 for the thirteen weeks ended September 26, 2010;
Non-GAAP earnings per share, which exclude the litigation expense items described below, increased by 18.4% to $0.45 per diluted share as compared to $0...

PHOENIX, Sept. 29, 2011 /PRNewswire/ -- Leading food manufacturer, Inventure Foods (NASDAQ: SNAK), has partnered with legendary Nathan's Famous, Inc. (NASDAQ: NATH) to license the popular Nathan's restaurant brand name for a new line of snacks that will be available at grocery, vending and convenience store retailers this fall.
The Nathan's Famous snacks will offer consumers unique and tasty ready-to-eat snacks that replicate the tastes found within Nathan's popular restaurant menu. Snacks under the Nathan's brand will include Cheddar Cheese, Chili Cheese and Honey Mustard flavored Crunchy Crinkle Fries and will be available in 2.0 to 3.5 ounce bags with a suggested retail price of $1.99 - $2.19 per package. There also will be a Nathan's crinkle cut potato chip available in a single serve 1...

JERICHO, N.Y., Dec 17, 2010 (BUSINESS WIRE) -- Nathan's Famous, Inc. (NASDAQ:NATH) today reported that it received a ruling in the pending litigation between it and its licensee, SMG, Inc., in the Circuit Court of Cook County, Illinois.

As previously reported, Nathan's has been engaged in litigation with SMG regarding the License Agreement between them. The main issue in the case is whether Nathan's is entitled to terminate the License Agreement early. On December 17, 2010, the Court ruled that Nathan's is not entitled to do so. The License Agreement is scheduled to terminate on March 1, 2014.

The other issue in the litigation relates to claims made by SMG regarding the manner in which Nathan's profited from the sale of its proprietary seasonings to SMG...

JERICHO, N.Y. (BUSINESS WIRE) -- Nathan's Famous, Inc. (NASDAQ:NATH) today reported that it had received an unfavorable ruling on a portion of the pending litigation with its licensee, SMG, Inc. in the Circuit Court of Cook County, Illinois.

As previously reported, Nathan's has been engaged in litigation with SMG related to the License Agreement between them. The main issue in the case is whether Nathan's is entitled to terminate the License Agreement. Although the trial has been completed, the Court has not yet ruled on that issue. However, as part of that litigation, SMG asserted various other claims relating to whether Nathan's was entitled to receive financial benefit in connection with the sale of its proprietary seasonings to SMG...

JERICHO, N.Y., Aug 06, 2010 (BUSINESS WIRE) -- Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for the first quarter of its 2011 fiscal year that ended June 27, 2010.

For the quarter ended June 27, 2010, net income increased by 6.2% to $1,660,000 and earnings per diluted share increased 7.4% to $0.29, as compared to $1,563,000 and $0.27, respectively, for the quarter ended June 28, 2009.

Total revenue increased by 9.8% to $15,626,000, as compared to $14,232,000 during the quarter ended June 28, 2009.

About Nathan's Famous

Nathan's products are currently distributed in 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, the Cayman Islands and four foreign countries through its restaurant system, foodservice sales programs and product licensing activities...

JERICHO, N.Y., (BUSINESS WIRE) -- Nathan's Famous, Inc. (NASDAQ: NATH) today reported results for its 2010 fiscal year ended March 28, 2010, its seventh consecutive year of increased revenues and profits from continuing operations.

For the fiscal year ended March 28, 2010, income from continuing operations increased by 12.3% to $5,569,000, or $0.97 per share, based upon approximately 5.7 million diluted shares outstanding as compared to $4,958,000 or $0.80 per share, based upon approximately 6.2 million diluted shares outstanding for the fiscal year ended March 29, 2009. Total revenue from continuing operations increased by 3.4% to $50,876,000 for the fiscal year ended March 28, 2010 as compared to $49,221,000 during the fiscal year ended March 29, 2009...

WESTBURY, N.Y., Feb 04, 2010 (BUSINESS WIRE) -- Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for the third quarter of its 2010 fiscal year that ended December 27, 2009.
For the quarter ended December 27, 2009, net income increased by 22.8% to $1,052,000 or $0.19 per diluted share, as compared to $857,000 or $0.14 per diluted share for the quarter ended December 28, 2008. Total revenue increased to $11,224,000, as compared to $10,620,000 during the quarter ended December 28, 2008.

For the thirty-nine weeks ended December 27, 2009, income from continuing operations increased by 17.4% to $4,778,000 or $0.84 per diluted share, as compared to $4,071,000 or $0.65 per diluted share for the thirty-nine weeks ended December 28, 2008...

WESTBURY, N.Y.--(BUSINESS WIRE)-- Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for the first quarter of its 2010 fiscal year that ended June 28, 2009.

For the quarter ended June 28, 2009, income from continuing operations increased by 15% to $1,563,000 or $0.27 per share, as compared to $1,355,000 or $0.21 per share for the quarter ended June 29, 2008. Total revenue from continuing operations increased to $14,232,000, as compared to $14,042,000 during the quarter ended June 29, 2008.

Eric Gatoff, Chief Executive Officer, said, "Our achievement of these positive operating results, especially in such a challenging economic environment, continues to reinforce the soundness of our business model and the dedication of everyone on the Nathan's Famous team...

Westbury, N.Y.--(BUSINESS WIRE)-- Nathan's Famous, Inc. (NASDAQ:NATH) today announced that its Board of Directors authorized the purchase of up to 500,000 shares of its common stock on behalf of the Company. Nathan's separately announced that it entered into an agreement pursuant to which it acquired 238,129 of the shares authorized to be purchased under the stock purchase program. Additional purchases will be made from time to time, depending on market conditions, in open market or privately negotiated transactions, at prices deemed appropriate by management. There is no set time limit on the repurchases. To date, Nathan's has acquired an aggregate approximately 2,930,000 shares of common stock at a cost of approximately $21,806,000 under all of its stock repurchase programs...

Westbury, N.Y., (BUSINESS WIRE) -- Nathan's Famous, Inc. (NASDAQ:NATH) today announced that its Board of Directors has authorized the purchase of up to an additional 500,000 shares of its common stock on behalf of the Company. Purchases will be made from time to time, depending on market conditions, in open market or privately negotiated transactions, at prices deemed appropriate by management. There is no set time limit on the repurchases.

To date, pursuant to prior share repurchase programs, Nathan's has acquired an aggregate 2,483,884 shares of its common stock at a cost of $16,187,000 and there are currently 16,116 shares available to be repurchased pursuant to the share repurchase plan authorized on November 5, 2007. About Nathan's Famous Nathan's products are currently distributed in 50 states, the District of Columbia and four foreign countries through its restaurant system, Branded Product Program and retail licensing activities...

Westbury, N.Y.--(BUSINESS WIRE)--Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for the second quarter of its 2009 fiscal year that ended September 28, 2008.

For the quarter ended September 28, 2008, income from continuing operations increased by 5.8% to $1,859,000, as compared to $1,757,000 for the quarter ended September 23, 2007. Total revenue from continuing operations increased by 3.6% to $14,525,000, as compared to $14,021,000 during the quarter ended September 23, 2007.

Net income for the quarter was $1,859,000 or $0.29 per share, as compared to $1,774,000 or $0.27 per share for the quarter ended September 23, 2007.

For the twenty-six weeks ended September 28, 2008, ("fiscal 2009 period") income from continuing operations increased by 1...

WESTBURY, N.Y.--(BUSINESS WIRE)--Aug. 8, 2008--Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for the first quarter of its 2009 fiscal year that ended June 29, 2008.

Income from continuing operations was $1,355,000 or $0.21 per diluted share for the quarter ended June 29, 2008 as compared to $1,408,000 or $0.21 per diluted share for the quarter ended June 24, 2007. Total revenue from continuing operations increased by 10.2% to $14,042,000 during the quarter ended June 29, 2008 as compared to $12,739,000 during the quarter ended June 24, 2007.

Net income for the quarter ended June 29, 2008 was $3,822,000 or $0.59 per diluted share as compared to $3,152,000 or $0.48 per diluted share for the quarter ended June 24, 2007...

WESTBURY, N.Y.--(BUSINESS WIRE)--June 6, 2008--Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for its fiscal year ended March 30, 2008.

For the fifty-three weeks ended March 30, 2008, income from continuing operations increased by 11.7% to $4,849,000, or $0.75 per share as compared to $4,341,000 or $0.68 per share for the fifty-two weeks ended March 25, 2007. Total revenue from continuing operations increased by 10.3% to $47,395,000 for the fifty-three weeks ended March 30, 2008 as compared to $42,969,000 during fifty-two weeks ended March 25, 2007.

These results represent Nathan's fifth consecutive year of increased revenues and profits from continuing operations.

Net income for the fifty-three weeks ended March 30, 2008 increased by 18...

WESTBURY, N.Y.--(BUSINESS WIRE)--Nathan's Famous, Inc. (Nasdaq Symbol: NATH), announced today the sale of its subsidiary, NF Roasters Corp., to Roasters Asia Pacific (Cayman) Limited, its Master Developer of franchised Kenny Rogers Roasters restaurants in Malaysia and certain other foreign territories. The purchase price was approximately $4,000,000 in cash plus certain accruals.

In connection with the sale, NF Roasters Corp. entered into a license agreement with a subsidiary of Nathan's, pursuant to which NF Roasters Corp. licensed to the Nathan's subsidiary certain intellectual property necessary for Nathan's to continue to make available "Kenny Rogers" products at existing Nathan's Famous and Miami Subs restaurants.
About Nathan's FamousNathan's products are distributed in 50 states, and four foreign countries through its restaurant system, Branded Product Program and retail licensing activities...

Nathan's Famous, Fantastic Sams Hair Salons, Wireless Zone, Hollywood Tans, Gold's Gym, Hand & Stone Massage Spa and Blue Moon Mexican Cafe Target New York for Franchise Development, Plan to Open Combined 255+ Locations

April 25, 2008 // Franchising.com // NEW YORK – While many franchise systems work solo to develop brands nationwide, seven of the world's top franchise systems have teamed to target the New York market as one. Nathan's Famous, Fantastic Sams Hair Salons, Wireless Zone, Hollywood Tans, Gold's Gym, Hand & Stone Massage Spa and Blue Moon Mexican Cafe have announced plans to open more than 255 local franchises throughout the next five years.

The seven booming brands will host the Franchise Road Show Tour, a free traveling franchise opportunities seminar geared toward not only educating prospective franchisees of business opportunities, but also educating the community on the basics of franchising...

WESTBURY, N.Y.--(BUSINESS WIRE)--Feb. 1, 2008--Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for the thirteen and thirty-nine week periods ended December 23, 2007.

For the quarter ended December 23, 2007, income from continuing operations increased by 7.0% to $877,000, or $.014 per share as compared to $820,000 or $0.13 per share for the quarter ended December 24, 2006. This represents Nathan's nineteenth consecutive quarter of increased profits from continuing operations, as compared to the same period for the prior year. Total revenue from continuing operations increased by 4.1% to $10,280,000, as compared to $9,876,000 during the quarter ended December 24, 2006.

Net income for the quarter was $877,000 or $0...