Francorp Client - Nathan's Famous

Nathan's Famous annual net income up 18%
9th June 2008
By Staff Writer
Nathan's Famous, which operates and franchises fast food units, has reported a net income of $6.55 million, or $1.01 per share for the fiscal year ended March 30, 2008, an 18.3% increase compared to $5.54 million, or $0.87 per share for the fiscal 2007.

Income from continuing operations was $4.85 million, or $0.75 per share for the fiscal year ended March 30, 2008, an 11.7% increase compared to $4.34 million, or $0.68 per share for the fiscal 2007.
Total revenue from continuing operations increased by 10.3% to $47.39 million for the fiscal year ended March 30, 2008, compared to $42.97 million in fiscal 2007.
For the fourth quarter ended March 30, 2008, income from continuing operations was $774,000 or $0.12 per share as compared to $824,000 or $0.13 per share for the same period of 2007. The company reported total revenue from continuing operations of $10.27 million, a 14.6% increase compared to $8.96 million for the same period of 2007.
Net income for the fourth quarter ended March 30, 2008 was $752,000 or $0.12 per share, as compared to $1.24 million or $0.19 per share for the same period of 2007.

Nathan's Famous Hot Dogs

Overview
Corporate Profile

Nathan’s began as a nickel hot dog stand in Coney Island in 1916 and has become a much-loved New York institution now available throughout the United States and overseas.
Through our innovative points-of-distribution strategies, Nathan’s products are marketed within our restaurant system and throughout a broad spectrum of other food-service and retail environments. Our Branded Product Program provides for the sale of Nathan’s signature products in over 7,700 food-service locations nationwide. Nathan’s products are also featured in over 7,000 supermarkets and club stores throughout the United States and are being marketed on television by QVC .

Successful market penetration of our highly recognized valued brand and products, through a wide variety of distribution channels, continues to provide new and exciting growth opportunities for our Company.

Stock Quote
NATH (Common Stock)
Exchange
NASDAQ GM
Price
$14.29
Change (%)
- 0.24 (1.65%)
Volume
20,608
At 05/15/08 3:59 p.m. ETMinimum 20 minute delay


Nathan's Famous, Inc. Reports Sale of NF Roasters Corp.
WESTBURY, N.Y.--(BUSINESS WIRE)--April 28, 2008--Nathan's Famous, Inc. (Nasdaq Symbol: NATH), announced today the sale of its subsidiary, NF Roasters Corp., to Roasters Asia Pacific (Cayman) Limited, its Master Developer of franchised Kenny Rogers Roasters restaurants in Malaysia and certain other foreign territories. The purchase price was approximately $4,000,000 in cash plus certain accruals.
In connection with the sale, NF Roasters Corp. entered into a license agreement with a subsidiary of Nathan's, pursuant to which NF Roasters Corp. licensed to the Nathan's subsidiary certain intellectual property necessary for Nathan's to continue to make available "Kenny Rogers" products at existing Nathan's Famous and Miami Subs restaurants.

About Nathan's Famous
Nathan's products are distributed in 50 states, and four foreign countries through its restaurant system, Branded Product Program and retail licensing activities. Following the sale of NF Roasters Corp., Nathan's restaurant system consisted of 223 franchised or licensed units and six company-owned units (including one seasonal unit). For additional information about Nathan's please visit our website at www.nathansfamous.com

Except for historical information contained in this news release, the matters discussed are forward looking statements that involve risks and uncertainties. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions identify forward-looking statements, which are based on the current belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; the ability to obtain an adequate supply of beef and other food products at competitive prices; capacity; the regulatory and trade environment; and the risk factors reported from time to time in the Company's SEC reports. The Company does not undertake any obligation to update such forward-looking statements.


CONTACT: Nathan's Famous, Inc.Ronald G. DeVos, Vice President - Finance and CFO516-338-8500 ext. 229SOURCE: Nathan's Famous, Inc.

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