Nathan's Famous (NASDAQ:NATH), the iconic hot dog restaurant chain, reported financial results for its third fiscal quarter ended December 28, 2025.
Third-quarter revenue totaled $34.31 million, with net income of $3.08 million and diluted earnings per share of $0.75.
Fiscal 2026 year-to-date revenue reached $126.997 million, with EPS of $4.17.
During the period under review, the company's Board of Directors declared regular and special cash dividends and approved a definitive merger agreement with Smithfield Foods at $102 per share, representing an enterprise value of approximately $450 million.
The transaction is expected to close in the first half of 2026, subject to customary regulatory approvals, shareholder approval, and other closing conditions.