secwatch.observer — SEC 8-K summary
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Issuer:     Fat Brands, Inc (FATAQ)
CIK:        0001705012
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001628280-25-008637
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FAT Brands Q4 net loss $67.4M; plans refranchise Fazoli's, spin-out Twin Hospitality
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705012/000162828025008637/0001628280-25-008637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705012/000162828025008637/fat-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-008637

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