Filing Flows › Nathans Famous (NATH) › Q2 FY26
Nathans Famous (NATH) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 6, 2025
Nathans Famous (NATH) reported revenue of $45.7M for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and -3% from the quarter before. Operating margin was 16.4%, net earnings $5.2M (11.4% of revenue).
Nathans Famous, Q2 FY26: revenue $45.7M (+11% year over year), operating margin 16.4%, net earnings $5.2M, operating cash flow $10.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.7M | -3% | +11% |
| Gross profit | $13.3M | -28% | -12% |
| Operating profit | $7.5M | -41% | -22% |
| Net earnings | $5.2M | -42% | -14% |
| Operating cash flow | $10.2M | — | +3% |
| Free cash flow | $10.0M | — | +3% |
What changed
Revenue was $45.7M in Q2 FY26, up 11% year over year and down 3% from the previous quarter. Branded Products was the largest line at 64% of revenue. Branded Products added $4.5M year over year (up 18%), 99% of the total change. Franchise declined 21%.
Gross margin was 29.1%, down 7.6 points from a year earlier. Operating profit was $7.5M, a 16.4% margin (down 7.0 points year over year). Operating profit fell $2.1M even though revenue rose $4.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 11%. Net earnings were $5.2M, down 14% year over year. The effective tax rate was 26.0%.
Operating cash flow was $10.2M (up 3% year over year), 195% of net earnings. Non-cash charges added back $236K of depreciation and amortization and $284K of share-based compensation. Working capital and other items added $4.4M. Capital expenditures of $161K left free cash flow of $10.0M.
Questions
What was Nathans Famous' revenue in the second quarter fiscal 2026?
Nathans Famous (NATH) reported revenue of $45.7M for the second quarter fiscal 2026 (Q2 FY26), +11% from a year earlier and -3% from the quarter before.
Was Nathans Famous profitable in the second quarter fiscal 2026?
Operating profit was $7.5M (16.4% of revenue) and net earnings $5.2M.
Source: Nathans Famous 10-Q on SEC EDGAR.