secwatch.observer — SEC 8-K summary
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Issuer:     Fat Brands, Inc (FATAQ)
CIK:        0001705012
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001628280-25-023839
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 Q1 revenue down 6.5% to $142M, net loss widens to $46M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705012/000162828025023839/0001628280-25-023839-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705012/000162828025023839/fat-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-023839

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer