secwatch.observer — SEC 8-K summary
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Issuer:     Fat Brands, Inc (FATAQ)
CIK:        0001705012
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001628280-24-044334
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 31% to $143M; net loss expands to $44.8M, adjusted EBITDA drops
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- Revenue of $143.4M, up 31.1% YoY; net loss of $44.8M ($2.74/share) vs $24.7M loss a year ago.
- Adjusted EBITDA fell to $14.1M from $21.9M; adjusted net loss per share $2.34 vs $1.14.
- YTD same-store sales down 2.7%; opened 22 new units in Q3, 71 YTD, pipeline ~1,000 locations.
- Signed 225 development deals YTD vs 226 in all 2023; Twin Peaks IPO or alternative transaction under consideration.
- Interest expense rose to $35.5M from $29.7M; Twin Peaks securitization refinancing planned before any IPO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705012/000162828024044334/0001628280-24-044334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705012/000162828024044334/fat-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044334

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