Nathan's expects Smithfield Foods merger to close in the second half of 2026.
Q1 results
U.S. branded food seller's fiscal Q1 revenue rose 15% yr/yr, driven by higher product sales.
Net income and diluted EPS edged down due to higher beef costs.
Metric
Actual
Q1 Revenue
$54.06 mln
Q1 EPS
$2.14
Result drivers
Branded product program - Revenue growth was driven by a $6 mln increase in sales to the foodservice industry and an 8% rise in hot dog volume, with average selling price up 17%.
Higher beef costs - Income from operations in the branded product program fell due to a 22% increase in the cost of beef and beef trimmings.
Licensing royalties - Licensing royalties, mainly from Smithfield Foods, rose 10% to $12.6 mln.
NATH•
