JERICHO, NY – Nathan's Famous recorded an increase in net income for the third quarter ended Dec. 25, 2011. Net income was $1,211,000 or $0.24 per diluted share compared to a net loss of $153,000 or $.03 per diluted share for the year-ago period.
After-tax earnings advanced 17.8 percent to $1,284,000 compared to $1,090,000 in third quarter 2010. Earnings per share increased by 25 percent to $.25 per diluted share compared to $.20 per diluted share for the same quarter in 2010.
Revenues increased by 13.2 percent to $14,800,000 compared to $13,079,000 for the year-ago period.
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