DJ Nathan's 3Q Earnings Show Easing of Pandemic Consumption Trends -- Market Talk
10:12 ET - Nathan's Famous 3Q results still show a pandemic-induced shift to more home consumption, but the hot-dog company's numbers look a bit more balanced than they did months earlier. 3Q restaurant-operations revenue declined 36% year over year, a more modest trend compared with the 52% decline in the full fiscal year to date. Meanwhile, product licensing, which includes home sales to consumers, made up 33% of Nathan's 3Q revenue, compared with 43% in the full year to date. Total year-to-date revenue is down 29% year over year, but 3Q revenue declined only 16%. Net income improves to 33 cents a share, from 29 cents a share in 3Q 2019. (email@example.com, @mattgrossman)
(END) Dow Jones Newswires
February 05, 2021 10:12 ET (15:12 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.