---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-027200"
form_type: "8-K"
ticker: "FATAQ"
cik: "0001705012"
company_name: "Fat Brands, Inc"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:45:06.680462+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FAT Brands Q2 revenue up 4% to $106.8M; adjusted net income $0.08/share; Twin Peaks IPO planned 2024

## Summary
- Revenue $106.8M (+4% YoY); net loss $7.1M ($0.53 loss) vs $8.2M loss year ago.
- Adjusted EBITDA $23.1M down from $29.5M; adjusted net income $3.0M ($0.08) vs adjusted loss $0.29.
- Opened 25 new stores in Q2, 66 YTD; on track for 175 in 2023; development pipeline over 1,100 agreements.
- Twin Peaks: plans 18-20 new lodges in 2023; intends IPO in 2024 subject to market conditions.
- G&A expenses fell 52% due to $12.7M ERC reversal; dividends raised to $0.14/share.

## SEC filing metadata
- accession: 0001628280-23-027200
- form_type: 8-K
- ticker: FATAQ
- cik: 0001705012
- company_name: Fat Brands, Inc
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1705012/000162828023027200/0001628280-23-027200-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000162828023027200/fat-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-027200
- JSON: https://secwatch.observer/filing/0001628280-23-027200.json
- Plain text: https://secwatch.observer/filing/0001628280-23-027200.txt

## Key facts
- Earnings Releases
  Fat Brands, Inc reported fiscal second quarter ended June 25, 2023 results: revenue $106.8 million, net income Net loss of $7.1 million, EPS $0.53 per diluted share.
  - Period: fiscal second quarter ended June 25, 2023
  - Revenue: $106.8 million
  - Net income: Net loss of $7.1 million
  - EPS: $0.53 per diluted share
  - Result: reported results
  source text: pipeline will fuel organic growth for many years to come and will naturally deleverage our balance sheet.” Fiscal Second Quarter 2023 Highlights • Total revenue improved 4% to $106.8 million compared to $102.8 million in the fiscal second quarter of 2022 ◦ System-wide sales growth of 1.7% in the fiscal second quarter of 2023 compared to the prior year fiscal quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828023027200/0001628280-23-027200-index.htm
- Earnings Releases
  Fat Brands, Inc reported fiscal second quarter ended June 25, 2023 results: revenue $106.8 million, net income Net loss of $7.1 million, EPS $0.53 per diluted share.
  - Period: fiscal second quarter ended June 25, 2023
  - Revenue: $106.8 million
  - Net income: Net loss of $7.1 million
  - EPS: $0.53 per diluted share
  - Result: reported results
  source text: Total revenue improved 4% to $106.8 million compared to $102.8 million in the fiscal second quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828023027200/0001628280-23-027200-index.htm
- Earnings Releases
  Fat Brands, Inc reported fiscal second quarter ended June 25, 2023 results: revenue $106.8 million, net income Net loss of $7.1 million, EPS $0.53 per diluted share.
  - Period: fiscal second quarter ended June 25, 2023
  - Revenue: $106.8 million
  - Net income: Net loss of $7.1 million
  - EPS: $0.53 per diluted share
  - Result: reported results
  source text: Net loss of $7.1 million, or $0.53 per diluted share, compared to $8.2 million, or $0.60 per diluted share, in the fiscal second quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828023027200/0001628280-23-027200-index.htm
- Earnings Releases
  Fat Brands, Inc reported fiscal second quarter ended June 25, 2023 results: revenue $106.8 million, net income Net loss of $7.1 million, EPS $0.53 per diluted share.
  - Period: fiscal second quarter ended June 25, 2023
  - Revenue: $106.8 million
  - Net income: Net loss of $7.1 million
  - EPS: $0.53 per diluted share
  - Result: reported results
  source text: Adjusted net income (1) of $3.0 million, or $0.08 per diluted share, compared to adjusted net loss of $3.1 million, or $0.29 per diluted share, in the fiscal second quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828023027200/0001628280-23-027200-index.htm
- Earnings Releases
  Fat Brands, Inc reported fiscal second quarter ended June 25, 2023 results: revenue $106.8 million, net income Net loss of $7.1 million, EPS $0.53 per diluted share.
  - Period: fiscal second quarter ended June 25, 2023
  - Revenue: $106.8 million
  - Net income: Net loss of $7.1 million
  - EPS: $0.53 per diluted share
  - Result: reported results
  source text: Adjusted EBITDA (1) of $23.1 million compared to $29.5 million in the fiscal second quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828023027200/0001628280-23-027200-index.htm
- Earnings Releases
  Fat Brands, Inc reported fiscal second quarter ended June 25, 2023 results: revenue $106.8 million, net income Net loss of $7.1 million, EPS $0.53 per diluted share.
  - Period: fiscal second quarter ended June 25, 2023
  - Revenue: $106.8 million
  - Net income: Net loss of $7.1 million
  - EPS: $0.53 per diluted share
  - Result: reported results
  source text: Total revenue increased $4.0 million, or 3.9%, in the second quarter of 2023 to $106.8 million compared to $102.8 million in the same period of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828023027200/0001628280-23-027200-index.htm

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