Net income was $1,211,000 or $0.24 per diluted share as compared to net (loss) of $(153,000) or $(0.03) per diluted share for the thirteen weeks ended December 26, 2010;
Nathan's Famous, Inc. (NASDAQ: NATH) announced the final results of its modified Dutch Auction tender offer to purchase for cash up to 500,000 shares of its common stock, $0.01 par value, at a price per share of not less than $20.00 nor greater than $22.00 per share.
For the fiscal year ended March 28, 2010, income from continuing operations increased by 12.3% to $5,569,000, or $0.97 per share, based upon approximately 5.7 million diluted shares outstanding as compared to $4,958,000 or $0.80 per share, based upon approximately 6.2 million diluted shares outstanding for the fiscal year ended March 29, 2009.
For the quarter ended December 27, 2009, net income increased by 22.8% to $1,052,000 or $0.19 per diluted share, as compared to $857,000 or $0.14 per diluted share for the quarter ended December 28, 2008. Total revenue increased to $11,224,000, as compared to $10,620,000 during the quarter ended December 28, 2008.
For the quarter ended September 27, 2009, net income increased by 16.4% to $2,163,000 or $0.39 per share, as compared to $1,859,000 or $0.29 per share for the quarter ended September 28, 2008. Total revenue increased to $14,896,000, as compared to $14,525,000 during the quarter ended September 28, 2008.