Nathan's Famous (NATH) Q4 2026 earnings summary

Executive summary

• Fiscal 2026 revenues rose to $162.1M, up from $148.2M year-over-year, while net income declined to $20.0M from $24.0M.

• Fourth quarter revenues increased to $35.1M from $30.8M, but net income fell to $2.8M from $4.2M year-over-year.

• Board declared a $0.50 per share quarterly cash dividend for fiscal 2027, payable June 30, 2026.

• Smithfield Foods acquisition for $102.00 per share remains pending, with closing expected in the second half of 2026.

Financial highlights

• Adjusted EBITDA for fiscal 2026 was $36.3M, down from $39.2M year-over-year.

• Earnings per diluted share for fiscal 2026 were $4.85, compared to $5.87 in the prior year.

• Fourth quarter Adjusted EBITDA was $7.6M, up from $7.1M year-over-year.

• Income from operations for fiscal 2026 was $30.1M, down from $36.5M year-over-year.

Outlook and guidance

• Merger with Smithfield Foods expected to close in the second half of 2026, pending regulatory and shareholder approvals.

• Timeline for closing extended due to delays in CFIUS review process.