{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-004576","form_type":"8-K","ticker":"FATAQ","cik":"0001705012","company_name":"Fat Brands, Inc","filed_at":"2023-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.210727+00:00","generated_at":"2026-06-19T05:08:01.661610+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FAT Brands Q4 revenue up 39.9% to $103.8M; net loss widens to $70.8M","bullets":["Total revenue $103.8M (+39.9% YoY); full-year revenue $407.2M (+242.5%).","Q4 net loss $70.8M ($4.29/diluted share) vs $19.6M loss in prior year; adjusted net loss $43.0M ($2.60/share).","Q4 adjusted EBITDA $19.6M vs $10.4M; full-year adjusted EBITDA $88.8M vs $21.1M.","Over 140 store openings in 2022, including 44 in Q4; 2023 guidance of 150-175 openings.","System-wide same-store sales growth 2.7% in Q4, 6.0% for full year; system-wide sales growth 22.1% in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-004576","json":"https://secwatch.observer/filing/0001628280-23-004576.json","markdown":"https://secwatch.observer/filing/0001628280-23-004576.md","text":"https://secwatch.observer/filing/0001628280-23-004576.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/0001628280-23-004576-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/fat-20230222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T05:08:01.661610+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2a9721938887bf3386db1511bc24483b13cc5cee","claim":"Fat Brands, Inc reported the fiscal year ended December 25, 2022 results: revenue $407.2 million, net income Net loss of $126.2 million, EPS $7.66 per diluted share.","evidence_excerpt":"• Total revenue increased 242.5% to $407.2 million compared to $118.9 million in 2021 ◦ System-wide sales growth of 108.0% compared to 2021 ◦ Year-to-date system-wide same-store sales growth of 6.0% in 2022 compared to 2021 ◦ Over 140 new store openings during 2022 • Net loss of $126.2 million, or $7.66 per diluted share, compared to $31.6 million, or $2.15 per diluted share, in 2021","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/0001628280-23-004576-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 25, 2022"},{"label":"Revenue","value":"$407.2 million"},{"label":"Net income","value":"Net loss of $126.2 million"},{"label":"EPS","value":"$7.66 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e2742da3a3ef5713dc1aee250c93134da277ce63","claim":"Fat Brands, Inc reported the fourth quarter of 2022 results: revenue $103.8 million, net income Net loss of $70.8 million, EPS $4.29 per diluted share.","evidence_excerpt":"• Total revenue improved 39.9% to $103.8 million compared to $74.2 million in the fourth quarter of 2021 ◦ System-wide sales growth of 22.1% in the fourth quarter of 2022 compared to the prior year quarter ◦ Year-to-date system-wide same-store sales growth of 2.7% in the fourth quarter of 2022 compared to the prior year ◦ 44 new store openings during the fourth quarter of 2022 and over 140 openings during the year • Net loss of $70.8 million, or $4.29 per diluted share, compared to $19.6 million, or $1.38 per diluted share, in the fourth quarter of 2021","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/0001628280-23-004576-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2022"},{"label":"Revenue","value":"$103.8 million"},{"label":"Net income","value":"Net loss of $70.8 million"},{"label":"EPS","value":"$4.29 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}