FAT Brands Q1 revenue down 6.5% to $142M, net loss widens to $46M

Fat Brands, Inc

2025-Q1 EPS reported -$2.73 vs consensus -$2.04 ▼ miss (-33.8%)

Net loss $46.0M ($2.73/sh) vs $38.3M ($2.37) prior year; adjusted net loss $38.7M ($2.32).
Total revenue $142.0M, down 6.5% YoY; system-wide same-store sales fell 3.4%.
EBITDA $2.1M vs $9.4M; adjusted EBITDA $11.1M vs $18.2M.
Opened 23 new locations in Q1 (37% increase YoY); on track for >100 openings in 2025.
Spin-off of Twin Hospitality delivered $50M dividend to shareholders; planning refranchising of 57 Fazoli's locations.

item 2.02 item 7.01 item 9.01

Machine-readable event card

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accession 0001628280-25-023839

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