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Company Interview Excerpt
WAYNE NORBITZ - NATHAN'S FAMOUS INC (NATH)


Full article published: 05/19/2003


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TWST: What has gone on at Nathan's over the past year or so that investors should focus on?
Mr. Norbitz: At Nathan's we are continuing our strategy of looking to market our brand, which we view as a very valuable commodity, and implement a points of distribution strategy. We are marketing Nathan's primarily in that way and are looking to sell our signature products in many different ways throughout varied and diverse channels of distribution.

TWST: Over the past year, what have you done to further that aim?
Mr. Norbitz: In particular we are continuing to feature the sale of Nathan's products in supermarkets and club stores and last year we had another terrific year. We're in a category that has been decreasing slightly, the sale of hot dogs in supermarkets throughout the US, but we had our sixth consecutive year of same- store sale increases. So we're selling more and more Nathan's hot dogs in supermarkets and club stores. In New York, which is the biggest market for the sale of hot dogs in supermarkets, Nathan's had an 18% dollar share of all hot dogs sold and a 16% share in terms of pounds of all hot dogs sold in the New York market. And we continue to rank in our home market of New York as the number one selling brand of hot dog.

 

Tickers included in this excerpt: NATH

 

For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.