{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-008637","form_type":"8-K","ticker":"FATAQ","cik":"0001705012","company_name":"Fat Brands, Inc","filed_at":"2025-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.510388+00:00","generated_at":"2026-05-26T02:14:29.738443+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"confidence":"high","headline":"FAT Brands Q4 net loss $67.4M; plans refranchise Fazoli's, spin-out Twin Hospitality","bullets":["Total revenue Q4 down 8.4% to $145.3M; net loss $67.4M ($4.06 diluted EPS) vs $26.2M loss in prior-year quarter.","Full-year FY2024 revenue up 23.4% to $592.7M; net loss $189.8M ($11.60 diluted EPS) vs $90.1M loss.","Adjusted EBITDA Q4 $14.4M (down from $27.0M); FY $62.4M (down from $91.2M); both impacted by extra week in prior year.","System-wide same-store sales declined 1.6% in Q4 and 2.5% for full year; opened 92 restaurants in FY2024.","Strategic: completed spin-out of Twin Hospitality Group; plans to refranchise 57 company-owned Fazoli's locations to become nearly 100% franchised."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-008637","json":"https://secwatch.observer/filing/0001628280-25-008637.json","markdown":"https://secwatch.observer/filing/0001628280-25-008637.md","text":"https://secwatch.observer/filing/0001628280-25-008637.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1705012/000162828025008637/0001628280-25-008637-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1705012/000162828025008637/fat-20250227.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T02:14:29.738443+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}