Nathans Famous

Smithfield posted record 2025 results with adjusted operating profit of $1.3 billion, adjusted net income of $1.0 billion and adjusted EPS of $2.55, and completed an IPO in January. Management announced a definitive agreement to acquire Nathan’s Famous at $102 per share and initiated an approval process for up to $1.3 billion to build a combined packaged meats and fresh pork facility in Sioux Falls. The company targets about $1.25 per share in annual dividends for 2026, finished 2025 with net debt/EBITDA around 0.3x and $3.8 billion liquidity, and guided 2026 to low-single-digit sales growth with company adjusted operating profit of $1.325–1.475 billion. » Mere på finance.yahoo.com

Hot dog maker Nathan's Famous is being sold to Smithfield Foods for $450 million. Smithfield has held the license to produce and sell Nathan's products in the U.S. and Canada since 2014, a license that was limited through 2032. Nathan's is best known as the namesake of the annual hot‑dog eating contest on Coney Island. » Mere på t-online.de

Packaged meat giant Smithfield Foods will acquire Nathan’s Famous in an all-cash $450 million deal, paying $102 per share for all outstanding stock. Smithfield, which already produced Nathan’s branded products in North America, expects about $9 million in annual savings within two years and plans to keep the Coney Island hot dog-eating contest. Nathan’s cited significant inflationary pressure on product costs, including a 20% rise in average cost per pound of hot dogs, and the acquisition is expected to close in the first half of the year. » Mere på abcnews.go.com

Once a national chain with about 826 restaurants at its 1979 peak, Arthur Treacher's now operates only three standalone locations in Northeast Ohio after decades of contraction driven by rising seafood costs, ownership changes, menu compromises and labor pressures. Nathan's Famous, which acquired the brand in 2006, is repositioning Arthur Treacher's through ghost kitchens and a revamped menu emphasizing upgraded proteins and shrimp to revive the brand. The company is licensing the remaining franchised locations while promoting the concept to operators nationwide. » Mere på finance.yahoo.com