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Nathan's Famous profit beats consensus by 63.8% in fiscal Q1

Nathan's Famous Inc. said its normalized net income for the fiscal first quarter ended June 29 was 93 cents per share, compared with the S&P Capital IQ consensus estimate of 57 cents per share.

EPS rose year over year from 43 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.3 million, an increase from $2.0 million in the year-earlier period.

The normalized profit margin rose to 15.5% from 9.5% in the year-earlier period.

Total revenue climbed 34.6% on an annual basis to $27.6 million from $20.5 million, and total operating expenses increased 19.8% from the prior-year period to $20.8 million from $17.4 million.

Reported net income rose 22.1% on an annual basis to $4.1 million, or 89 cents per share, from $3.3 million, or 73 cents per share.