Nathan’s Famous FY27 Q1 net income slips 1.11% to $8.83 million; revenue rises to $54.06 million - NATH News | RalliesNathan’s Famous FY27 Q1 net income slips 1.11% to $8.83 million; revenue rises to $54.06 million
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NATH• Transaction update
- Smithfield Foods agreed to acquire Nathan’s for $102 per share in cash; closing is expected in the second half of 2026.
First-quarter results
- Nathan’s Famous posted first-quarter revenue of $54.06 million, up 15.03% from the year-ago quarter.
- Net income slipped 1.11% to $8.83 million; diluted EPS edged down to $2.14.
- Operating income dipped 0.96% to $12.67 million; adjusted EBITDA (non-GAAP) rose to $13.62 million from $13.53 million.
Branded Product Program performance
- Branded Product Program sales climbed to $35.04 million, while segment operating income fell to $1.33 million on higher beef costs.
