---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-035307"
form_type: "8-K"
ticker: "FATAQ"
cik: "0001705012"
company_name: "Fat Brands, Inc"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:39:35.676480+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FAT Brands Q3 revenue up 6% to $109.4M; net loss widens to $24.7M

## Summary
- Revenue $109.4M (+6% YoY) driven by 4.8% royalty growth and 228.5% franchise fee increase.
- Net loss $24.7M ($1.59 diluted loss) vs $23.4M ($1.52) in Q3 2022; adjusted net loss $17.1M ($1.14).
- Adjusted EBITDA $21.9M vs $24.6M a year ago; 30 new store openings in Q3, 96 YTD.
- System-wide sales growth 0.8%; year-to-date same-store sales up 1.3%.
- Declared $0.14 per common share dividend (unchanged); acquired Smokey Bones early Q4.

## SEC filing metadata
- accession: 0001628280-23-035307
- form_type: 8-K
- ticker: FATAQ
- cik: 0001705012
- company_name: Fat Brands, Inc
- filed_at: 2023-10-26T23:59:59+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/1705012/000162828023035307/0001628280-23-035307-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000162828023035307/fat-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-035307
- JSON: https://secwatch.observer/filing/0001628280-23-035307.json
- Plain text: https://secwatch.observer/filing/0001628280-23-035307.txt

## Key facts
- Earnings Releases
  Fat Brands, Inc reported the fiscal third quarter ended September 24, 2023 results: revenue $109.4 million, net income Net loss of $24.7 million, or $1.59 per diluted share, EPS $1.59 per diluted share.
  - Period: the fiscal third quarter ended September 24, 2023
  - Revenue: $109.4 million
  - Net income: Net loss of $24.7 million, or $1.59 per diluted share
  - EPS: $1.59 per diluted share
  - Result: reported results
  source text: strengths position us for continued growth in the future, which will help deleverage our balance sheet.” Fiscal Third Quarter 2023 Highlights • Total revenue improved 6.0% to $109.4 million compared to $103.2 million in the fiscal third quarter of 2022 ◦ System-wide sales growth of 0.8% in the fiscal third quarter of 2023 compared to the prior year fiscal quarter ◦
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828023035307/0001628280-23-035307-index.htm

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