Summary of Nathan’s Famous, Inc.

Business Overview:

• Nathan’s Famous, Inc. is a leading branded licensor, wholesaler, and retailer of food products under the Nathan’s Famous brand.
• The company’s signature product is Nathan’s World Famous Beef Hot Dogs.
• Originated as a hot dog stand on Coney Island in 1916; has evolved into a globally recognized brand.

Core Business Channels:

• Product Licensing: Contracts with third-party manufacturers to produce and sell Nathan’s branded products, including hot dogs, frozen crinkle-cut French fries, and other proprietary products through supermarkets, grocery channels, and club stores nationwide.
  • Revenue from licensing: ~$37.4 million in fiscal 2025.
• Branded Foodservice Program: Provides foodservice operators with Nathan’s products (hot dogs and specialty items), allowing limited use of Nathan's trademarks and point-of-sale materials.
• Restaurant Operations: Operates both Company-owned and franchised quick-service restaurants featuring Nathan’s hot dogs, fries, and other menu items.
  • Company-owned restaurants: 4 located in the New York metropolitan area.
  • Franchises and Virtual Kitchens: 230 total locations (including 121 Branded Menu locations) in 17 U.S. states and 12 foreign countries.
  • Revenues from restaurant operations: ~$12.7 million (Company-owned) and ~$4.1 million (franchise fees/royalties) in fiscal 2025.
• Product Distribution: Products are sold in approximately 79,000 locations, including supermarkets, mass merchandisers, club stores, foodservice venues, and company/franchised restaurants worldwide.
• Major Customers & Distribution:
  • Hot dog products sold in all 50 U.S. states via retailers like Walmart, Kroger, Target, Costco, etc.
  • Foodservice venues (gas stations, amusement parks, sports venues, theaters, etc.).
  • Over 72 franchised locations abroad in 12 countries.

Employees and Clients:

• Employees: 131 total (as of March 2025)
  • 30 corporate management and administrative staff.
  • 18 restaurant managers.
  • 83 hourly full/part-time foodservice employees.
  • Approximately 44% female and 68% racial/ethnic minorities.
• Customer Base: Hundreds of thousands of individual consumers and numerous institutional customers across food retail, foodservice, and hospitality sectors.

Financial Highlights (Fiscal 2025):

• Total Revenue: ~$148.2 million (up 7% from prior year).
• Net Income: ~$24 million.
• Key Revenue Sources:
  • Branded Products: ~$91.8 million.
  • Restaurant Sales (Company-owned): ~$12.7 million.
  • License Royalties: ~$37.4 million.
  • Franchise fees/royalties: ~$4.1 million.
• Major Licensing Partner: Smithfield Foods, Inc.
  • Royalties from Smithfield: ~$33.6 million (roughly 23% of total revenue).
• Operating Locations:
  • 4 Company-owned restaurants.
  • 230 franchised locations.
  • 121 Branded Menu locations.
  • 72 international franchise locations.
• Market Capitalization (as of recent): Approximately $229.6 million in market value (excluding shares held by officers/directors).

Additional Details:

• Brand Recognition: Over 100 years of brand history, recognized worldwide.
• Main Product: Nathan’s World Famous Beef Hot Dogs, prepared with a proprietary spice blend dating back to 1916.
• Operations: Focused on expanding distribution points, licensing, product innovation, franchising, and marketing.
• Promotion: Key marketing efforts include Nathan’s International Hot Dog Eating Contest and sports sponsorships across major league venues.
• Ownership & Stock Info: As of June 5, 2025, 4,089,510 shares of common stock outstanding; traded on NASDAQ under the symbol "NATH".
• Employees & Community: Committed to diversity, employee training, and maintaining high standards of safety and ethics.

Note: All financial figures are based on fiscal 2025 (ending March 30, 2025).