Nathan's Famous Inc 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the quarterly period endedDecember 28, 2025.OR NATHAN'S FAMOUS, INC.(Exact name of registrant as specified in its charter) Registrant'stelephone number, including area code: Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ AtFebruary 2, 2026, an aggregate of 4,094,405shares of the registrant's common stock, par value of $.01, were outstanding. INDEXPageNumberPART I.FINANCIAL INFORMATIONItem 1.Financial Statements3Item 1Condensed Consolidated Balance Sheets –December 28, 2025 (Unaudited) and March 30, 20253 December 28, 2025(in thousands, except share and per share amounts) NOTE A - BASIS OF PRESENTATION The accompanying condensed consolidated financial statements of Nathan's Famous, Inc. and subsidiaries (collectively “Nathan’s,” the“Company,” “we,” “us” or “our”) as of and for the thirteen and thirty-nine week periods ended December 28, 2025 and December 29, 2024 havebeen prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The unaudited condensedconsolidated financial statements include all adjustments (consisting of normal recurring adjustments) which, in the opinion of management, are The Company uses a 52-53 week fiscal year ending on the Sunday closest to March 31. The 2026 fiscal year will end on March 29, 2026 and Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted Management believes that the disclosures included in the accompanying condensed consolidated interim financial statements and footnotes areadequate to make the information not misleading but should be read in conjunction with the Consolidated Financial Statements and Notes thereto Our significant interim accounting policies include the recognition of advertising fund expense in proportion to advertising fund revenue, and therecognition of income taxes using an estimated annual effective tax rate. A summary of the Company’s significant accounting policies is identified in Note B of the Notes to Consolidated Financial Statements includedin the Company’s Annual Report on Form 10-K for the fiscal year ended March 30, 2025. NOTE B – NEW ACCOUNTING STANDARDS NOT YET ADOPTED In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”,which updatesincome tax disclosure requirements primarily by requiring specific categories and greater disaggregation within the rate reconciliation table anddisaggregation of income taxes paid, net of refunds, by jurisdiction. All entities are required to apply the guidance prospectively, with the optionto apply it retrospectively. The guidance is effective for fiscal years beginning after December 15, 2024, which for us is our fiscal year 2026 In November 2024, the FASB issued ASU 2024-03, “Income Statement–Reporting Comprehensive Income–Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses”, which requires the disaggregation of certain expenses in thenotes to the financial statements, to provide enhanced transparency into the expense captions presented on the face of the statement of earnings.Additionally, in January 2025, the FASB issued ASU 2025-01, “Income Statement Reporting Comprehensive Income Expense DisaggregationDisclosures (Subtopic 220-40): Clarifying the Effective Date”, which clarified the effective date for non-calendar year-end entities such as us.The guidance is effective for the first annual reporting period beginning after December 15, 2026, and interim reporting periods within annual In July 2025, t