Nathan's(NATH) - 2025 Q2 - Quarterly Results

Financial Performance - Revenues for the second quarter fiscal 2025 were $41,109,000, an increase of 6.5% compared to $38,744,000 in the same period last year[2] - Net income for the second quarter fiscal 2025 was $6,030,000, up 5.6% from $5,711,000 in the prior year[2] - Adjusted EBITDA for the second quarter fiscal 2025 was $10,350,000, representing a 5.9% increase from $9,774,000 in the same quarter of the previous year[2] - Income from operations for the twenty-six weeks ended September 29, 2024, was $23,377,000, a 13.6% increase from $20,567,000 in the same period last year[3] - Total net income for the twenty-six weeks ended September 29, 2024, was $15,307,000, compared to $13,099,000 for the same period last year, representing a 16.8% increase[18] - Total adjusted EBITDA for the twenty-six weeks ended September 29, 2024, was $24,631,000, up from $21,810,000 in the prior year, indicating a 12.5% growth[18] Earnings and Dividends - Earnings per diluted share for the second quarter fiscal 2025 were $1.47, up from $1.40 in the same quarter of the previous year, a 5.0% increase[2] - The Board of Directors declared a quarterly cash dividend of $0.50 per share, totaling $4,085,000 for the fiscal 2025 period[9] Sales and Royalties - License royalties increased to $22,412,000 for the twenty-six weeks ended September 29, 2024, compared to $19,997,000 in the same period last year, a growth of 12.0%[5] - Sales from the Branded Product Program rose by $2,160,000 to $50,682,000 during the twenty-six weeks ended September 29, 2024, reflecting a 4.5% increase from $48,522,000 in the prior year[6] - Franchise restaurant sales decreased slightly to $36,334,000 during the fiscal 2025 period, compared to $36,433,000 in the prior year, a decline of 0.3%[8] Expenses and Taxation - Interest expense for the thirteen weeks ended September 29, 2024, was $1,441,000, slightly higher than $1,413,000 in the same period last year[18] - Provision for income taxes for the thirteen weeks ended September 29, 2024, was $2,069,000, down from $2,153,000 year-over-year, showing a decrease of 3.9%[18] - Depreciation and amortization expenses decreased to $247,000 for the thirteen weeks ended September 29, 2024, from $315,000 in the same period last year, a reduction of 21.6%[18] Other Financial Metrics - The average selling price of hot dogs increased by approximately 2.5% compared to the prior year period, while the volume sold increased by 2%[6] - EBITDA for the thirteen weeks ended September 29, 2024, was $9,787,000, up from $9,592,000 year-over-year, indicating a 2.0% growth[18] - Adjusted EBITDA for the thirteen weeks ended September 29, 2024, reached $10,350,000, compared to $9,774,000 in the prior year, reflecting a 5.9% increase[18] - Loss on debt extinguishment was recorded at $334,000 for the thirteen weeks ended September 29, 2024, with no loss reported in the same period last year[18] - Share-based compensation increased to $229,000 for the thirteen weeks ended September 29, 2024, compared to $182,000 in the prior year, marking a 25.8% rise[18]