{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-016404","form_type":"8-K","ticker":"FATAQ","cik":"0001705012","company_name":"Fat Brands, Inc","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.126807+00:00","generated_at":"2026-06-15T13:44:10.447602+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FAT Brands Q1 rev $105.7M, net loss $1.95/sh, appoints co-CEOs","bullets":["Revenue $105.7M (+8.5% YoY); net loss $32.1M ($1.95/diluted) vs $23.8M ($1.45/diluted) year ago.","Adjusted EBITDA $19.2M vs $15.1M; adjusted net loss $23.5M ($1.43/diluted) vs $18.5M ($1.13/diluted).","System-wide same-store sales up 4.3% YoY; opened 41 new units in Q1, plans 175 for FY 2023.","G&A expense up 14.8% due to professional fees for pending litigation and government investigations.","Appoints Ken Kuick and Rob (last name not given) as Co-CEOs; Andy Wiederhorn remains Chairman."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-016404","json":"https://secwatch.observer/filing/0001628280-23-016404.json","markdown":"https://secwatch.observer/filing/0001628280-23-016404.md","text":"https://secwatch.observer/filing/0001628280-23-016404.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1705012/000162828023016404/0001628280-23-016404-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1705012/000162828023016404/fat-20230508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T13:44:10.447602+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":"6b85253fa8e61b6ee7f7737e152158226fa55dc2","claim":"Fat Brands, Inc reported the fiscal first quarter ended March 26, 2023 results: revenue $105.7 million, net income Net loss of $32.1 million, EPS $1.95 per diluted share.","evidence_excerpt":"to our portfolio make-up and debt management, all while providing shareholders with a consistent dividend.” Fiscal First Quarter 2023 Highlights • Total revenue improved 8.5% to $105.7 million compared to $97.4 million in the fiscal first quarter of 2022 ◦ System-wide sales growth of 9.9% in the fiscal first quarter of 2023 compared to the prior year fiscal quarter ◦","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1705012/000162828023016404/0001628280-23-016404-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal first quarter ended March 26, 2023"},{"label":"Revenue","value":"$105.7 million"},{"label":"Net income","value":"Net loss of $32.1 million"},{"label":"EPS","value":"$1.95 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"}