Nathans Famous (NATH) risk factors

45 risks, 7 new, 5 dropped, 17 reworded since the prior year. The proposed Smithfield Foods merger now dominates the risk section, covering completion, regulatory approval, litigation, costs and operating restrictions.

43 risks. Licensing revenue heavily depends on Smithfield Foods and a small group of Branded Product Program customers. Commodity price volatility, particularly for beef, and rising minimum wages pressure operating margins. Restaurant and licensing operations face intense competition and stringent food safety regulations.