Filing Flows › Consumer Discretionary › Nathans Famous (NATH)
Nathans Famous (NATH) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Aug 7, 2026 · Nathans Famous (NATH) Q1 FY27 earnings results →
Q1 FY27 Revenue up 15% year over year to $54.1M · 16¢ of every $1 of revenue kept as net profit · operating margin 23.4%
Nathans Famous made $54.1M in Q1 FY27 (+15% Y/Y): Branded Products $35.0M, License $13.6M, Company-operated Restaurants $4.0M. Operating margin 23.4%, net earnings $8.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 7, 2026.
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What changed this quarter
Revenue was $54.1M in Q1 FY27, up 15% year over year and up 54% from the previous quarter. Branded Products was the largest line at 65% of revenue. Branded Products added $6.0M year over year (up 21%), 84% of the total change. Franchise declined 58%.
Gross margin was 34.9%, down 4.6 points from Q1 FY26. Operating profit was $12.7M, a 23.4% margin (down 3.8 points year over year). Operating profit fell $123K even though revenue rose $7.1M versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 15%. Net earnings were $8.8M, down 1% year over year. The effective tax rate was 27.4%.
Operating cash flow was $949K, 11% of net earnings. Non-cash charges added back $239K of depreciation and amortization and $280K of share-based compensation. Working capital and other items used $8.4M. Capital expenditures of $67K left free cash flow of $882K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Aug 7, 2026 | $54.1M | +15% | 23.4% | $8.8M | $949K |
| Q4 FY26 | 10-K | Jun 9, 2026 | $35.1M | +14% | 13.4% | $2.8M | $2.5M |
| Q3 FY26 | 10-Q | Feb 5, 2026 | $34.3M | +9% | 14.9% | $3.1M | $5.8M |
| Q2 FY26 | 10-Q | Nov 6, 2025 | $45.7M | +11% | 16.4% | $5.2M | $10.2M |
| Q1 FY26 | 10-Q | Aug 8, 2025 | $47.0M | +5% | 27.2% | $8.9M | −$220K |
| Q4 FY25 | 10-K | Jun 10, 2025 | $30.8M | +6% | 20.7% | $4.2M | $6.8M |
| Q3 FY25 | 10-Q | Feb 6, 2025 | $31.5M | +9% | 21.4% | $4.5M | $3.6M |
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Customers and suppliers named in filings
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About Nathans Famous
As used herein, unless we otherwise specify, the terms “ we, ” “ us, ” “ our, ” “ Nathan ’ s, ” “ Nathan ’ s Famous ” and the “ Company ” mean Nathan ’ s Famous, Inc. and its subsidiaries. References to a year are to our fiscal year, unless the context requires otherwise. Our 2026 year commenced on March 31, 2025 and ended on March 29, 2026; and our 2025 year commenced on April 1, 2024 and ended on March 30, 2025. We are a leading branded licensor, wholesaler and retailer of products marketed under our Nathan’s Famous brand, including our popular Nathan’s World Famous Beef Hot Dogs. What began as a nickel hot dog stand on Coney Island in 1916 has evolved into a highly recognized brand throughout the United States and the world.
In its own words, from its 10-K, filed Jun 9, 2026.
Nathans Famous against its Retail-Eating Places peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +15% against the peers' median +8%. Operating margin: 23.4% against the peers' median 13.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NATH Nathans Famous | Q1 FY27 | $54.1M | +15% | 23.4% |
| MCD McDonald's | Q3 2026 | $7.2B | +1% | 50.2% |
| ARMK Aramark | Q3 FY26 | $5.1B | +9% | 4.3% |
| YUMC Yum China Holdings | Q3 2026 | $3.5B | +8% | 13.0% |
| CMG Chipotle Mexican Grill | Q3 2026 | $3.3B | +10% | 13.7% |
| DRI Darden Restaurants | Q1 FY27 | $3.2B | +5% | 10.0% |
| QSR Restaurant Brands International | Q3 2026 | $2.5B | +3% | 27.6% |
| YUM Yum Brands | Q3 2026 | $2.1B | +4% | 112.8% |
| TXRH Texas Roadhouse | Q3 2026 | $1.6B | +10% | 6.5% |
Source: Nathans Famous 10-Q on SEC EDGAR · CIK 69733 · Retail-Eating Places
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More on NATH
History
Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results
- Nathans Famous gross margin by quarter
- Nathans Famous operating margin by quarter
- Nathans Famous net income by quarter
- Nathans Famous free cash flow by quarter
- Nathans Famous capital expenditures by quarter
- Nathans Famous Branded Products revenue by quarter
- Nathans Famous License revenue by quarter
- Nathans Famous Company-operated Restaurants revenue by quarter