Benzinga | Aug 6, 2021 11:38AM EDT

Nathan's Famous Reports 77% Revenue Growth In Q1, Declares Dividend

* Nathan's Famous Inc (NASDAQ:NATH) reported first-quarter FY22 revenue growth of 77% year-on-year, to $31.32 million.

* Branded product program revenue increased 236.8% Y/Y, Product licensing rose 1.5%, and Restaurant operations gained 99.3%.

* The operating margin was 34.2%, and operating income for the quarter rose 32.2% to $10.7 million.

* Adjusted EBITDA of $11.1 million increased 29.4% Y/Y.

* EPS of $1.40 gained 44.3% Y/Y.

* The company's quarterly cash dividend of $0.35 per share is payable on September 3, 2021, to shareholders of record on August 23, 2021.

* Price action: NATH shares traded higher by 2.20% at $65.48 on the last check Friday.