Nathan's Famous Q3 2025 10-Q Filed
Ticker: NATH · Form: 10-Q · Filed: Feb 6, 2025 · CIK: 69733
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Nathan's Famous Q3 2025 10-Q is in. Check financials.
AI Summary
Nathan's Famous, Inc. filed its 10-Q for the period ending December 29, 2024. The filing covers the third quarter of fiscal year 2025. Key financial data and operational details for this period are presented.
Why It Matters
This filing provides investors with an update on Nathan's Famous' financial performance and operational status for the third quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial information.
Key Players & Entities
- NATHANS FAMOUS, INC. (company) — Filer
- 20241229 (date) — Period of Report
- 20250206 (date) — Filing Date
- ONE JERICHO PLAZA (address) — Business Address
- JERICHO (city) — Business Address City
- NY (state) — Business Address State
- 11753 (zip_code) — Business Address Zip
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period ended December 29, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on February 6, 2025.
What is the company's fiscal year end?
The company's fiscal year ends on March 30.
What is the company's primary business SIC code?
The company's SIC code is 5812 for Retail - Eating Places.
What is the company's SEC file number?
The SEC file number for Nathan's Famous, Inc. is 001-35962.
Filing Stats: 4,524 words · 18 min read · ~15 pages · Grade level 16.2 · Accepted 2025-02-06 07:00:27
Filing Documents
- nath20241229_10q.htm (10-Q) — 1322KB
- ex_772655.htm (EX-31.1) — 16KB
- ex_772656.htm (EX-31.2) — 15KB
- ex_772657.htm (EX-32.1) — 8KB
- ex_772658.htm (EX-32.2) — 9KB
- 0001437749-25-002936.txt ( ) — 6973KB
- nath-20241229.xsd (EX-101.SCH) — 66KB
- nath-20241229_def.xml (EX-101.DEF) — 407KB
- nath-20241229_lab.xml (EX-101.LAB) — 341KB
- nath-20241229_pre.xml (EX-101.PRE) — 449KB
- nath-20241229_cal.xml (EX-101.CAL) — 54KB
- nath20241229_10q_htm.xml (XML) — 1213KB
Financial Statements
Financial Statements. 3 Condensed Consolidated Balance Sheets – December 29, 2024 (Unaudited) and March 31, 2024 3 Condensed Consolidated Statements of Earnings (Unaudited) – Thirteen and Thirty-nine Weeks Ended December 29, 2024 and December 24, 2023 4 Condensed Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) – Thirteen Weeks Ended December 29, 2024 and December 24, 2023 5 Condensed Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) – Thirty-nine Weeks Ended December 29, 2024 and December 24, 2023 6 Condensed Consolidated Statements of Cash Flows (Unaudited) – Thirty-nine Weeks Ended December 29, 2024 and December 24, 2023 7 Notes to Condensed Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations. 20 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk. 31 Item 4.
Controls and Procedures
Controls and Procedures. 32 PART II. OTHER INFORMATION Item 1. Legal Proceedings. 33 Item 1A. Risk Factors. 33 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 33 Item 3. Defaults Upon Senior Securities. 33 Item 4. Mine Safety Disclosures. 33 Item 5. Other Information. 33 Item 6. Exhibits. 34
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. Nathan ' s Famous, Inc. and Subsidiaries CONDENSED CONSOLIDATED BALANCE SHEETS December 29, 2024 and March 31, 2024 (in thousands, except share and per share amounts) December 29, 2024 March 31, 2024 (Unaudited) ASSETS CURRENT ASSETS Cash and cash equivalents (Note E) $ 23,711 $ 21,027 Accounts and other receivables, net (Note G) 14,744 14,731 Inventories 588 842 Prepaid expenses and other current assets (Note H) 1,112 2,176 Total current assets 40,155 38,776 Property and equipment, net of accumulated depreciation of $ 12,283 and $ 11,687 , respectively 2,243 2,673 Operating lease right-of-use assets (Note Q) 5,220 6,203 Goodwill 95 95 Intangible asset, net (Note I) 565 695 Deferred income taxes 325 275 Other assets 120 141 Total assets $ 48,723 $ 48,858 LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES Current portion of long-term debt (Note P) $ 2,400 $ - Accounts payable 4,675 5,744 Accrued expenses and other current liabilities (Note K) 4,349 7,615 Current portion of operating lease liabilities (Note Q) 1,915 1,887 Deferred franchise fees 312 327 Total current liabilities 13,651 15,573 Long-term debt, net of unamortized debt issuance costs of $ 341 and $ 438 , respectively (Note P) 48,659 59,562 Long-term portion of operating lease liabilities (Note Q) 3,809 4,937 Other liabilities 881 810 Deferred franchise fees 714 899 Total liabilities 67,714 81,781 COMMITMENTS AND CONTINGENCIES (Note R) STOCKHOLDERS' DEFICIT Common stock, $ .01 par value; 30,000,000 shares authorized; 9,379,025 and 9,374,130 shares issued; and 4,089,510 and 4,084,615 shares outstanding at December 29, 2024 and March 31, 2024, respectively 94 94 Additional paid-in capital 63,204 62,936 Retained earnings (Accumulated deficit) 4,373 ( 9,291 ) Stockholders' equity before treasury stock 67,671 53,739