Filing Flows › Nathans Famous (NATH) › Q3 FY26
Nathans Famous (NATH) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 5, 2026
Nathans Famous (NATH) reported revenue of $34.3M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and -25% from the quarter before. Operating margin was 14.9%, net earnings $3.1M (9.0% of revenue).
Nathans Famous, Q3 FY26: revenue $34.3M (+9% year over year), operating margin 14.9%, net earnings $3.1M, operating cash flow $5.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.3M | -25% | +9% |
| Gross profit | $11.2M | -16% | -6% |
| Operating profit | $5.1M | -32% | -24% |
| Net earnings | $3.1M | -41% | -31% |
| Operating cash flow | $5.8M | -43% | +59% |
| Free cash flow | $5.7M | -43% | +59% |
What changed
Revenue was $34.3M in Q3 FY26, up 9% year over year and down 25% from the previous quarter. Branded Products was the largest line at 69% of revenue. Branded Products added $2.6M year over year (up 13%), 95% of the total change. Company-operated Restaurants declined 9%.
Gross margin was 32.6%, down 5.3 points from Q3 FY25. Operating profit was $5.1M, a 14.9% margin (down 6.5 points year over year). Operating profit fell $1.6M even though revenue rose $2.8M versus Q3 FY25, so costs grew faster than sales. Operating expenses grew 16% against revenue growth of 9%. The fastest-growing cost line was General & admin (+27%). Net earnings were $3.1M, down 31% year over year. The effective tax rate was 35.0%.
Operating cash flow was $5.8M (up 59% year over year), 187% of net earnings. Non-cash charges added back $232K of depreciation and amortization and $280K of share-based compensation. Working capital and other items added $2.2M. Capital expenditures of $56K left free cash flow of $5.7M.
Questions
What was Nathans Famous' revenue in the third quarter fiscal 2026?
Nathans Famous (NATH) reported revenue of $34.3M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and -25% from the quarter before.
Was Nathans Famous profitable in the third quarter fiscal 2026?
Operating profit was $5.1M (14.9% of revenue) and net earnings $3.1M.
Source: Nathans Famous 10-Q on SEC EDGAR.