---
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"
generated_at: "2026-06-15T13:44:10.447602+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FAT Brands Q1 rev $105.7M, net loss $1.95/sh, appoints co-CEOs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-016404
- JSON: https://secwatch.observer/filing/0001628280-23-016404.json
- Plain text: https://secwatch.observer/filing/0001628280-23-016404.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal first quarter ended March 26, 2023
  - Revenue: $105.7 million
  - Net income: Net loss of $32.1 million
  - EPS: $1.95 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828023016404/0001628280-23-016404-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.