QualityStocks.net News – Nathan’s Famous, Inc. (NATH) Announces Positive Year-End Earnings

We would like to highlight Nathan’s Famous, Inc. (NASDAQ: NATH). The company is engaged primarily in the marketing of the Nathan’s Famous brand and the sale of products bearing the Nathan’s Famous trademarks through several different channels of distribution. It is engaged in the operation and franchising of quick service restaurant units featuring Nathan’s Famous brand all beef frankfurters, crinkle-cut, French-fried potatoes, and a variety of other menu offerings.

In the company’s recent news,

Nathan’s Famous, Inc. announced positive year-end earnings of $0.75 per share for the 53 weeks ending on March 30, 2008, an 11.7 percent year-over-year increase compared to $0.68 per share during the previous period. Total revenue from continuing operations jumped by 10.3 percent to $47.39 million during the same time period compared to $42.96 million during the previous 52 weeks.

Nathan’s Famous products are currently distributed in 50 states, the District of Columbia and four foreign countries through the company’s restaurant system, Branded Product Program and retail licensing agreements. The Branded Product Program sells Nathan’s products at more than 7,700 locations worldwide and accounts for 40 percent of the company’s total revenue.

While margins were a bit depressed due to rising costs of beef, the company has implemented a price increase in an attempt to mitigate higher costs. If beef prices continue to hold steady, the company’s bottom line income should not be significantly affected. In addition, many restaurant-related companies have experienced a substantial decline in value over higher food prices, lower sales and a difficult economic environment; however Nathan’s Famous has held its ground and continues to move forward with its growth initiatives, which includes new product placements and additional locations.

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Forward-Looking Statement:

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