NATHANS FAMOUS, INC. (NATH): Results of Operations and Financial Condition
NATHANS FAMOUS, INC. (NATH) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ex_996462.htm EXHIBIT 99.1 ex_996462.htm Exhibit 99.1 FOR: NATHAN'S FAMOUS, INC. COMPANY Robert Steinberg, Vice President - Finance and CFO CONTACT: (516) 338-8500 ext. 229 NATHAN'S FAMOUS, INC. REPORTS FIRST QUARTER RESULTS JERICHO, N.Y., August 7, 2026 -- Nathan's Fam
How this was made
The 30-second read
Why it matters
Traders can reassess near-term earnings power (royalties and branded product program vs beef-driven cost pressure) while also monitoring deal-close probability into 2H 2026, since the acquisition remains contingent on shareholder approval and CFIUS clearance.
Market read
Fresh quarterly numbers and segment drivers (royalties, branded product program, beef cost impact) provide incremental information for NATH’s earnings trajectory while the merger remains the primary valuation overhang.
What to watch
Branded Product Program volume rose about 8% and average selling price rose about 17%, which could indicate pricing power that may stabilize margins if beef costs cool.
Background
Nathan’s Famous filed an SEC Form 8-K (Item 2.02) with first fiscal quarter results for the 13 weeks ended June 28, 2026, alongside details on its Smithfield Foods merger agreement.
Ticker impact
Nathan’s reports first fiscal quarter results, including revenue growth to $54.1M and a $0.50 dividend paid June 30, 2026.
Likely modest, with focus on whether beef-cost pressure and royalty/branded program strength offset; acquisition remains the dominant catalyst into 2H 2026.
The filing provides fresh GAAP and non-GAAP quarter figures plus segment detail (royalties, branded product program, beef cost up 22% driving operating income down). It also reiterates the $102/share Smithfield Foods deal and expected 2H 2026 close, but does not add new deal terms or regulatory updates.
Market effects
Highlights margin sensitivity for branded food licensing and hot-dog distribution to commodity (beef) input costs.
Limited, primarily company-specific within consumer/food retail and restaurant-adjacent licensing.
Low; deal and operations are US-focused with no new international expansion or regulatory developments disclosed.
Counterpoint
Operating income fell despite revenue and royalties rising, suggesting the market may discount the top-line strength if beef-cost inflation persists into upcoming quarters.
Key entities
- companyNATHAN'S FAMOUS, INC.
Reports first fiscal quarter results and reiterates the $102/share Smithfield Foods acquisition agreement expected to close in 2H 2026.
- companySmithfield Foods, Inc.
Agreed to acquire Nathan’s for $102/share; deal completion remains contingent on approvals including CFIUS clearance.
- regulatorCommittee on Foreign Investment in the United States (CFIUS)
One of the stated conditions for deal clearance, making it a key gating item for the acquisition timeline.
