secwatch.observer — SEC 8-K summary
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Issuer:     Fat Brands, Inc (FATAQ)
CIK:        0001705012
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001628280-23-035307
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705012/000162828023035307/0001628280-23-035307-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705012/000162828023035307/fat-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035307

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