Nathan's Famous Reports Significant Q4/FY26 Earnings Decline, Delays Smithfield Acquisition Close
NATH sits 16% above its 52-week low of $88.665 on elevated volume (1.8× avg).
Summary
Nathan's Famous reported a significant drop in Q4 and full-year earnings, alongside a delay in its acquisition by Smithfield Foods to the second half of 2026.
Key Events · M&A and Partnerships · NATH
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Q4 and Fiscal Year 2026 Financial Results
For the fourth quarter, revenues increased by 13.9% to $35.1 million, but net income fell by 33.7% to $2.8 million, and diluted EPS dropped by 34.0% to $0.68. For the full fiscal year, revenues rose by 9.4% to $162.1 million, while net income decreased by 16.7% to $20.0 million, and diluted EPS declined by 17.4% to $4.85.
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Acquisition by Smithfield Foods Delayed
The previously announced acquisition by Smithfield Foods for $102.00 per share is now expected to close in the second half of 2026, a delay from the prior timeline. This shift is attributed to the impact of a partial government shutdown on the statutory deadlines for the CFIUS review process.
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Quarterly Cash Dividend Declared
The Board of Directors declared a quarterly cash dividend of $0.50 per share, payable on June 30, 2026, to shareholders of record on June 22, 2026, as permitted under the merger agreement.
Analysis · NATH · Trade & Services
Nathan's Famous reported a substantial decline in net income and EPS for both the fourth quarter and the full fiscal year, despite revenue growth. This indicates significant pressure on profitability. Concurrently, the company announced a delay in its pending acquisition by Smithfield Foods, pushing the expected closing to the second half of 2026 due to the impact of a government shutdown on the CFIUS review process. This delay introduces further uncertainty into a critical, company-transforming event.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.5% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NATH was trading at $102.45 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $418.8M. The 52-week trading range was $88.67 to $118.50. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.