India, June 9 -- On Tuesday, restaurant chain Nathan's Famous, Inc. (NATH), which is in $450 million deal to be merged with Smithfield Foods inc., reported lower profit in the fourth quarter of 2026. Meanwhile, adjusted EBITDA reported a steady growth in the same quarter.
Net income for the fourth quarter dropped to $2.81 million from $4.24 million in the same quarter last year. Earnings per share went down to $0.68 from $1.03 in the previous year.
Adjusted EBITDA, however, rose to $7.59 million from $7.10 million in the same quarter in 2025.
Total revenue went up to $35.07 million from $30.79 million in the prior year.
Furthermore, the Board of Directors of the company, as permitted under the Merger Agreement, declared its quarterly ca...