FAT Brands Inc.
1.7900-0.10 (-5.29%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · FAT · USD
Key Stats
Market Cap
32.80MP/E (TTM)
-Basic EPS (TTM)
-12.71Dividend Yield
0.15%Recent Filings
8-K
FAT Brands settles derivative suits
FAT Brands Inc. settled two derivative lawsuits in Delaware's Court of Chancery on August 1, 2025, resolving claims tied to its 2020 merger and 2021 recapitalization without admitting liability. The deal brings $10 million from insurers—after plaintiffs' counsel fees—and 200,000 shares of Twin Hospitality Group from Fog Cutter Holdings, plus board-adopted governance tweaks. Court approval is pending. Settlement clears distractions.
8-K
Wiederhorn returns as CEO
FAT Brands Inc. reappointed founder Andrew Wiederhorn as President and CEO effective September 2, 2025, replacing co-CEOs Ken Kuick and Taylor Wiederhorn, who shift to CFO and Chief Development Officer roles. Wiederhorn, who led the company from 2017 until May 2023, will continue under his existing consulting agreement until a new employment deal is finalized. No director fees for him anymore. This leadership pivot aims to leverage his deep experience amid ongoing operations.
10-Q
Q2 FY2025 results
FAT Brands posted Q2 revenue of $146.8M, down 3.4% y/y from $152.0M, driven by Smokey Bones closures and softer same-store sales, yet new Twin Peaks openings cushioned the drop. Operating loss widened to $15.6M from $2.7M y/y, fueled by a 50% surge in G&A to $44.4M from share-based comp and no prior-year credits, while net loss hit $55.4M versus $39.4M, the gap tied to higher interest expense on $1.3B debt stack. Cash dipped to $7.6M amid $40.1M YTD operating outflow, but $19.1M financing inflows from borrowings kept liquidity afloat; free cash flow not disclosed in the 10-Q. Spin-off of Twin Hospitality in January 2025 streamlined ops, with refranchising gains minimal. Ongoing SEC litigation over past disclosures poses a persistent drag.
8-K
Securitization notes talks begin
FAT Brands entered a confidentiality agreement on July 9, 2025, with holders of its securitization notes to discuss potential refinancing or restructuring. This enables sharing of confidential info, with the company's initial proposal now public as Cleansing Material. No deal yet; negotiations continue. Forward-looking talks carry risks of differing outcomes.
8-K
Q2 revenue dips, EBITDA stable
FAT Brands reported Q2 2025 results with revenue slipping 3.4% to $146.8 million amid 3.9% system-wide same-store sales decline, yet opened 18 new locations and held adjusted EBITDA steady at $15.7 million. Bond conversions and G&A cuts promise $30-40 million in annual cash flow savings, while a Florida deal eyes 40 more Fatburger units over a decade. Expansion persists. Refranchising risks loom.
IPO
Website
Employees
Sector
Industry
BTBD
BT Brands, Inc.
2.00+0.24
DPZ
Domino's Pizza Inc
405.87-5.10
EAT
Brinker International, Inc.
114.98-9.28
FCCI
FAST CASUAL CONCEPTS INC.
0.95+0.00
NATH
Nathan's Famous, Inc.
105.12-0.04
PZZA
Papa John's International, Inc.
52.46+0.54
QSR
Restaurant Brands International
66.02-0.71
RSTRF
Restaurant Brands International
68.70+0.00
TWNP
Twin Hospitality Group Inc.
3.93-0.13
YUM
Yum! Brands, Inc.
139.19-1.90