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Business

At Nathan's Famous, revenue rises, net falls

A Nathan's Famous hot dog from the concession

A Nathan's Famous hot dog from the concession inside the Island 16: Cinema De Lux in Holtsville on Thursday, May 7, 2015. Photo Credit: Steve Pfost

Revenues rose and net income fell at Nathan's Famous Inc. during the most recent quarter, the company reported Wednesday.

The Jericho-based hot dog purveyor said its net income fell to $2.8 million, a decline of 26.1 percent from the year-earlier period, in the three-month period ending Sept. 27.

The company reported $3.7 million in interest expense during the quarter, compared to zero a year earlier. On March 10, Nathan's issued $135 million in bonds.

Revenues rose 6.1 percent in the quarter from a year earlier, to $30.6 million. Income from operations rose year-over-year to $8.4 million, a gain of 30.7 percent.

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