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Fat Brands Inc (FAT)
NASDAQ:FAT
Holding FAT?
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$2.35Last Year’s EPS
-$1.15Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 3.77%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth and expansion, particularly through strategic acquisitions and successful co-branding initiatives. However, these positive elements were counterbalanced by notable challenges, including increased net losses, decreased adjusted EBITDA, and operational difficulties at Smokey Bones. Litigation-related expenses also added to the financial strain.Company Guidance
During the third quarter of 2024, FAT Brands reported significant growth and strategic progress. The company achieved total revenue growth of 31.1%, reaching $143.4 million, up from $109.4 million in the same quarter last year, primarily driven by the acquisition of Smokey Bones. System-wide sales increased by 6.4% year-over-year to $600.7 million. However, adjusted EBITDA decreased to $14.1 million from $21.9 million in the previous year. The company opened 22 new units in the quarter, bringing total year-to-date openings to 71, with plans to open 40 more units by year-end. The development pipeline includes approximately 1,000 new units expected to contribute $50 million to $60 million to annual adjusted EBITDA. The company emphasized its focus on digital marketing and the expansion of the Twin Peaks brand, which is seeing strong performance with average unit volumes ranging from $9 million to $14 million in select markets. FAT Brands also announced plans for a potential IPO for Twin Peaks and Smokey Bones, aiming to optimize the capital structure and unlock shareholder value.Revenue Growth
Total revenue grew 31.1% to $143.4 million, up from $109.4 million in the same quarter last year, primarily fueled by the acquisition of Smokey Bones.
Expansion and Development
Opened 22 new units in Q3, with 71 units year-to-date and plans to open 40 units in Q4. The development pipeline includes approximately 1,000 new units.
Twin Peaks Performance
Twin Peaks locations performing well with average unit volumes of $6 million annually. The brand expanded with new lodges, and conversions from Smokey Bones locations are showing significant sales increases.
Co-Branding Success
Great American Cookies and Marble Slab Creamery co-brand initiative expanded to over 160 locations worldwide, with a new online ordering platform and loyalty program showing positive early results.
Charitable Contributions
Twin Peaks raised $65,000 for veteran-focused nonprofit Tunnel to Towers, increasing its total charitable contribution to over $435,000.
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FAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $5.20 | $5.25 | +0.96% |
| Jul 31, 2024 | $4.99 | $5.18 | +3.81% |
| May 01, 2024 | $6.73 | $6.84 | +1.63% |
| Mar 07, 2024 | $7.68 | $7.50 | -2.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fat Brands Inc (FAT) report earnings?
Fat Brands Inc (FAT) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Fat Brands Inc (FAT) earnings time?
Fat Brands Inc (FAT) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FAT EPS forecast?
FAT EPS forecast for the fiscal quarter 2024 (Q4) is -$2.35.
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