secwatch.observer — SEC 8-K summary
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Issuer:     Fat Brands, Inc (FATAQ)
CIK:        0001705012
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001628280-23-004576
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FAT Brands Q4 revenue up 39.9% to $103.8M; net loss widens to $70.8M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/0001628280-23-004576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705012/000162828023004576/fat-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-004576

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer