Nathan's(NATH) - 2025 Q1 - Quarterly Results

Financial Performance - Revenues for the first quarter fiscal 2025 were $44,767,000, an increase of 6.7% compared to $41,985,000 for the same period in the previous year[1] - Net income rose to $9,277,000, reflecting a 25.6% increase from $7,388,000 in the prior year[1] - Adjusted EBITDA for the first quarter fiscal 2025 was $14,281,000, up 18.6% from $12,036,000 in the same quarter last year[1][14] Revenue Sources - License royalties increased to $12,921,000, a growth of 10.8% compared to $11,658,000 in the previous year[2] - Sales from the Branded Product Program reached $26,146,000, an increase of 3.9% from $25,170,000 in the prior year[3] - Income from operations for the Branded Product Program increased to $2,500,000, up 27.5% from $1,961,000 in the same quarter last year[3] - Company-owned restaurant sales were $4,199,000, a 14.8% increase from $3,658,000 in the previous year[3] - Three franchised locations opened during the first quarter fiscal 2025, contributing to franchise restaurant sales of $17,653,000, an increase of 2.3% from $17,263,000 in the prior year[5] Dividends and Financing - The Company declared a quarterly cash dividend of $0.50 per share, consistent with the previous quarter[6] - The Company refinanced its senior secured notes with a new unsecured $60 million term loan facility and a $10 million revolving credit facility[6]