Mergers & Acquisitions ·
Nathan's Famous, Inc. reported first fiscal quarter results for the period ended June 28, 2026, showing revenues…
NATHNathans Famous, Inc.
Nathan's Famous, Inc. reported first fiscal quarter results for the period ended June 28, 2026, showing revenues increased to $54.1 million from $47.0 million in the prior year. Net income was $8.8 million, or $2.14 per diluted share, compared to $8.9 million and $2.16 per share previously. The company is proceeding with its merger agreement with Smithfield Foods, Inc., which values Nathan's at approximately $450 million ($102.00 per share in cash). Completion remains contingent on stockholder approval and CFIUS clearance, with closing expected in the second half of 2026. The company operates in the food service industry, specializing in hot dog manufacturing, licensing, and restaurant operations.