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DJ Nathan's 3Q Earnings Show Easing of Pandemic Consumption Trends -- Market Talk

· 02/05/2021 10:12

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. (matt.grossman@wsj.com, @mattgrossman)

(END) Dow Jones Newswires

February 05, 2021 10:12 ET (15:12 GMT)

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