Nathan's Famous Files 2024 Annual Report
Ticker: NATH · Form: 10-K · Filed: Jun 12, 2024 · CIK: 69733
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
NATH 10-K filed. Financials and exec comp details out. Check it.
AI Summary
Nathan's Famous, Inc. filed its 10-K for the fiscal year ending March 31, 2024. The filing details the company's financial performance and business operations. Key financial figures and executive compensation details are included, with the company's headquarters located at One Jericho Plaza, Jericho, NY.
Why It Matters
This filing provides investors with a comprehensive overview of Nathan's Famous' financial health and strategic direction for the past fiscal year, influencing investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags or significant new risks.
Key Numbers
- FY 2024 — Fiscal Year End (The report covers the fiscal year ending March 31, 2024.)
- 0331 — Fiscal Year End Month/Day (Indicates the end of the fiscal year for reporting.)
Key Players & Entities
- NATHANS FAMOUS, INC. (company) — Filer of the 10-K
- 20240331 (date) — Conformed period of report
- ONE JERICHO PLAZA (location) — Company business address
- JERICHO (location) — Company business city
- NY (location) — Company business state
- 11753 (location) — Company business zip code
- 516-338-8500 (phone_number) — Company business phone
FAQ
What was the total revenue for Nathan's Famous in the fiscal year ending March 31, 2024?
The provided text does not explicitly state the total revenue figure for the fiscal year ending March 31, 2024. Further review of the full 10-K document is required.
What is the company's primary business classification?
Nathan's Famous, Inc. is classified under STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812].
Where is Nathan's Famous, Inc. headquartered?
The company's business address is listed as ONE JERICHO PLAZA, JERICHO, NY 11753.
When was the company's name last changed?
The former company name was Nathan's Famous Inc, and the date of name change was 19940808.
Are there any specific executive employment contracts mentioned in this excerpt?
Yes, the filing mentions 'us-gaap:EmploymentContractsMember srt:ChiefExecutiveOfficerMember' for the date 2024-03-31, indicating details related to the CEO's employment contract.
Filing Stats: 4,512 words · 18 min read · ~15 pages · Grade level 12.9 · Accepted 2024-06-12 07:03:46
Key Financial Figures
- $60,000,000 — 025 Senior Secured Notes " refer to our $60,000,000 6.625% Senior Secured Notes due 2025 an
- $135,000,000 — 020 Senior Secured Notes " refer to the $135,000,000 10.000% Senior Secured Notes which were
- $33,581,000 — licensing agreements combined produced $33,581,000 and $33,455,000 of high margin revenue
- $33,455,000 — ments combined produced $33,581,000 and $33,455,000 of high margin revenue for fiscal 2024
- $15.00 — g Island and Westchester increased from $15.00 to $16.00 impacting all of our Company-
- $16.00 — nd Westchester increased from $15.00 to $16.00 impacting all of our Company-owned rest
- $12,103,000 — r Company-owned restaurants contributed $12,103,000 and $12,161,000 in revenue for fiscal 2
- $12,161,000 — restaurants contributed $12,103,000 and $12,161,000 in revenue for fiscal 2024 and fiscal 2
- $4,356,000 — . Our franchise operations contributed $4,356,000 and $4,292,000 in revenue for fiscal 20
- $4,292,000 — e operations contributed $4,356,000 and $4,292,000 in revenue for fiscal 2024 and fiscal 2
- $30,000 — des for, among other things, a one-time $30,000 franchise fee payable upon execution of
Filing Documents
- nath20240331_10k.htm (10-K) — 1905KB
- ex_678631.htm (EX-3.4) — 3KB
- ex_678157.htm (EX-21) — 13KB
- ex_678158.htm (EX-23.1) — 3KB
- ex_678159.htm (EX-31.1) — 11KB
- ex_678160.htm (EX-31.2) — 10KB
- ex_678161.htm (EX-32.1) — 5KB
- ex_678162.htm (EX-32.2) — 5KB
- ex_678163.htm (EX-97.1) — 31KB
- 0001437749-24-020013.txt ( ) — 9580KB
- nath-20240331.xsd (EX-101.SCH) — 82KB
- nath-20240331_cal.xml (EX-101.CAL) — 67KB
- nath-20240331_def.xml (EX-101.DEF) — 534KB
- nath-20240331_lab.xml (EX-101.LAB) — 470KB
- nath-20240331_pre.xml (EX-101.PRE) — 579KB
- nath20240331_10k_htm.xml (XML) — 1699KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations. 39 Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk. 50 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data. 51 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 51 Item 9A.
Controls and Procedures
Controls and Procedures. 51 Item 9B. Other Information. 52 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 52 PART III Item 10. Directors, Executive Officers and Corporate Governance. 54 Item 11.
Executive Compensation
Executive Compensation. 54 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 54 Item 13. Certain Relationships and Related Transactions, and Director Independence. 54 Item 14. Principal Accountant Fees and Services. 55 PART IV Item 15. Exhibits and Financial Statement Schedules. 56 Item 16. Form 10-K Summary. 58
Signatures
Signatures Index to Financial Statements F-1 3 PART I
Forward-Looking Statements
Forward-Looking Statements This Annual Report on Form 10-K contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1933, as amended, that involve risks and uncertainties. You can identify forward-looking statements because they contain words such as "believes", "expects", "projects", "may", "would", "should", "seeks", "intends", "plans", "estimates", "anticipates" or similar expressions that relate to our strategy, plans or intentions. All statements we make relating to our estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results or to our expectations regarding future industry trends are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may change at any time, and, therefore, our actual results may differ materially from those that we expected. We derive many of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. All forward-looking statements contained in this Form 10-K are based upon information available to us on the date of this Form 10-K. Item 1. Business . As used herein, unless we otherwise specify, the terms " we, " " us, " " our, " " Nathan ' s, " " Nathan ' s Famous " and the " Company " mean Nathan ' s Famous, Inc. and its subsidiaries. References to the fiscal 2024 period mean the fiscal year ended March 31, 2024 and re