What the numbers say: Nathan's Famous reached a recent high in revenue in its most recent earnings call. The hot dog company continues to see its revenue grow, especially over the past two and a half years. It reached $130M, which is a five-year high for the company overall. Relevance: Nathan's Famous announced its fiscal year and Q4 earnings yesterday. Sales of Nathan's Famous hot dogs to the food service industry increased in this quarter, as did sales at the company-owned stores. The stock price reached a high yesterday that it hadn't seen in nearly five years, going over $82 per share. More data: While inflation has hit the food industry hard over the past year, Nathan's has steadily increased its business, likely due to the lower cost of production. By comparison, Beyond Meat, the plant-based food company valued at $1B, has seen YoY growth plummet over the past three quarters, registering at -21%, -20%, and -15% for its past three earnings reports. Yet the company's stock surged 20% on Thursday. |
