At Nathan's Famous, revenue rises, net falls
A Nathan's Famous hot dog from the concession inside the Island 16: Cinema De Lux in Holtsville on Thursday, May 7, 2015. 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.
Maura McDermott covers education. Since joining Newsday in 2012, she also has worked on the investigations team and covered real estate and the business of health care.
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