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Fat Brands Inc (FAT)
NASDAQ:FAT
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.14Last Year’s EPS
-1.14Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -31.49%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive strategic developments, such as the Twin Hospitality spin-off and revenue growth for the fiscal year, alongside challenges like decreased quarterly revenue, increased net loss, and performance issues with Smokey Bones. The company remains optimistic about its growth prospects but faces significant financial hurdles.Company Guidance
During the FAT Brands Inc. Fourth Quarter 2024 earnings call, key guidance metrics were discussed, emphasizing the company's strategic movements and financial performance. Notably, FAT Brands spun out Twin Hospitality Group, distributing 5% of its Class A Common Stock to shareholders, reflecting a $50 million dividend. The current basis in FAT Brands' stock, adjusted for dividends, is $2.74 per share. The spin-off aims to unlock the value of Twin Peaks, with shares valued at over $900 million, and reduce debt by $400 million. The company plans to decrease its debt by at least $75 million in 2025, including a $25 million reduction by late April. FAT's fourth quarter revenue decreased by 8.4% to $145.3 million due to an extra operating week in the prior year. System-wide sales also dropped by 7.4% to $580.2 million. However, on an annual basis, total revenue rose by 23.4% to $592.7 million, with system-wide sales increasing by 3.1% to $2.4 billion. The company opened 92 new restaurants in 2024 and plans to open over 100 in 2025, backed by a pipeline of 1,000 new units, expecting to generate $50 million in incremental annual adjusted EBITDA. The company is also focusing on cost reductions and refranchising, aiming to become almost 100% franchised, and it continues to explore strategic acquisitions to leverage manufacturing capabilities.Twin Hospitality Group Spin-off
The spin-off of Twin Hospitality Group, including Twin Peaks and Smokey Bones restaurants, was completed. 5% of Twin Hospitality's Class A Common Stock was distributed to shareholders, amounting to a $50 million dividend.
Increase in Total Revenue for 2024
Total revenue for 2024 increased by 23.4% to $592.7 million, and system-wide sales increased by 3.1% to $2.4 billion.
Expansion and New Openings
92 new restaurants were opened in 2024, with a plan to open over 100 new locations in 2025. The development pipeline includes signed agreements for approximately 1,000 additional locations.
International and Non-Traditional Venue Growth
International locations for Johnny Rockets represent over 55% of the brand's footprint, with significant growth in Brazil and Mexico. New openings in non-traditional venues, such as theme parks and casinos, are also highlighted.
FAT Brands Foundation Growth
The foundation increased its giving by 36% in 2024, providing approximately $325,000 in grants across 17 states plus Washington, D.C.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $3.43 | $3.29 | -4.08% |
| Oct 30, 2024 | $2.90 | $2.93 | +1.03% |
| Jul 31, 2024 | $2.78 | $2.88 | +3.60% |
| May 01, 2024 | $3.75 | $3.81 | +1.60% |
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 May 13, 2025, TBA Not Confirmed.
What is Fat Brands Inc (FAT) earnings time?
Fat Brands Inc (FAT) earnings time is at May 13, 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 2025 (Q1) is -1.14.
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