FAT Brands Q4 revenue up 52.8% to $158.6M; net loss narrows to $26.2M

Fat Brands, Inc

Total revenue $158.6M (Q4 2023), up 52.8% YoY; full-year revenue $480.5M, up 18%.
Q4 net loss $26.2M ($1.68/diluted share) vs $70.8M a year ago; adjusted net loss $17.3M.
Adjusted EBITDA $27.0M in Q4 vs $19.6M; full-year $91.2M vs $88.8M.
Opened 125 restaurants in 2023 (29 in Q4); development pipeline 1,100 units.
System-wide same-store sales -0.6% in Q4; +0.8% for full year.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fat Brands, Inc reported the fourteen-week and fifty-three week periods ended December 31, 2023 results: revenue $158.6 million, net income Net loss of $26.2 million, or $1.68 per diluted share.

Period: the fourteen-week and fifty-three week periods ended December 31, 2023
Revenue: $158.6 million
Net income: Net loss of $26.2 million, or $1.68 per diluted share
Result: reported results

Exact text from the filing

strengths position us for continued growth in the future, which will help deleverage our balance sheet.” Fiscal Fourth Quarter 2023 Highlights • Total revenue improved 52.8% to $158.6 million compared to $103.8 million in the fourth quarter of 2022 ◦ System-wide sales growth of 16.5% in the fiscal fourth quarter of 2023 compared to the prior year fiscal quarter ◦

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fat Brands, Inc reported fiscal year ended December 31, 2023 results: revenue $480.5 million, net income Net loss of $90.1 million, or $5.85 per diluted share.

Period: fiscal year ended December 31, 2023
Revenue: $480.5 million
Net income: Net loss of $90.1 million, or $5.85 per diluted share
Result: reported results

Exact text from the filing

Total revenue increased 18.0% to $480.5 million compared to $407.2 million in fiscal 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fat Brands, Inc reported fiscal fourth quarter 2023 results: revenue $158.6 million, net income Net loss of $26.2 million, or $1.68 per diluted share.

Period: fiscal fourth quarter 2023
Revenue: $158.6 million
Net income: Net loss of $26.2 million, or $1.68 per diluted share
Result: reported results

Exact text from the filing

total revenue improved 52.8% to $158.6 million

View on SEC.gov

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Fat Brands, Inc filing history →

Source: SEC EDGAR

accession 0001628280-24-009638

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