---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-019608"
form_type: "8-K"
ticker: "FATAQ"
cik: "0001705012"
company_name: "Fat Brands, Inc"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:03:21.859469+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FAT Brands Q1 revenue up 43.8% to $152M; net loss widens to $38.3M

## Summary
- Total revenue $152.0M (+43.8% YoY) driven by Smokey Bones acquisition; system-wide same-store sales down 4.0%.
- Net loss $38.3M ($2.37 diluted EPS) vs. $32.1M ($2.05) year ago; adjusted net loss $32.9M ($2.05).
- Adjusted EBITDA $18.2M vs. $19.2M in prior year; EBITDA $9.4M vs. $7.7M.
- Signed over 150 development deals; pipeline over 1,200 locations; plan 15-20 new Twin Peaks lodges in 2024.
- 16 new store openings in Q1; first Smokey Bones conversion to Twin Peaks underway.

## SEC filing metadata
- accession: 0001628280-24-019608
- form_type: 8-K
- ticker: FATAQ
- cik: 0001705012
- company_name: Fat Brands, Inc
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705012/000162828024019608/0001628280-24-019608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000162828024019608/fat-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-019608
- JSON: https://secwatch.observer/filing/0001628280-24-019608.json
- Plain text: https://secwatch.observer/filing/0001628280-24-019608.txt

## Key facts
- Earnings Releases
  Fat Brands, Inc reported fiscal first quarter ended March 31, 2024 results: net income Net loss of $38.3 million, EPS $2.37 per diluted share.
  - Period: fiscal first quarter ended March 31, 2024
  - Net income: Net loss of $38.3 million
  - EPS: $2.37 per diluted share
  - Result: reported results
  source text: Total revenue improved 43.8% to $152.0 million compared to $105.7 million in the fiscal first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828024019608/0001628280-24-019608-index.htm
- Earnings Releases
  Fat Brands, Inc reported fiscal first quarter ended March 31, 2024 results: net income Net loss of $38.3 million, EPS $2.37 per diluted share.
  - Period: fiscal first quarter ended March 31, 2024
  - Net income: Net loss of $38.3 million
  - EPS: $2.37 per diluted share
  - Result: reported results
  source text: Net loss of $38.3 million, or $2.37 per diluted share, compared to $32.1 million, or $2.05 per diluted share, in the fiscal first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000162828024019608/0001628280-24-019608-index.htm

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