Fat Brands, Inc (FAT) [Rocket]

Overview

Fat Brands, Inc (FAT)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/13/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/13/2023	3	Form 3 - Initial statement of beneficial ownership of securities:
10/13/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/13/2023	3	Form 3 - Initial statement of beneficial ownership of securities:
10/04/2023	8-K	Regulation FD Disclosure, Financial Statements and Exhibits  Interactive Data
08/22/2023	8-K	Other Events  Interactive Data
08/07/2023	4	FEINSTEIN PETER R (Director) has filed a Form 4 on Fat Brands, Inc

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-25-22	Dec-26-21	Dec-27-20	Dec-29-19	Dec-30-18
Revenues	407.2	118.9	18.1	22.5	17.8
Revenue growth	242.5%	556.1%	-19.5%	26.2%
Cost of goods sold	221.6	44.2	3.8	0.0	0.0
Gross profit	185.6	74.6	14.3	22.5	17.8
Gross margin	45.6%	62.8%	78.9%	100.0%	100.0%
Sales and marketing	44.6	18.0	5.2	4.1	3.2
General and administrative	113.3	41.8	14.9	12.3	10.3
EBITA	15.6	12.4	-4.7	6.1	4.3
EBITA margin	3.8%	10.4%	-26.0%	27.3%	24.1%
Amortization of intangibles	14.9	6.0	1.1
EBIT	0.7	6.4	-5.8	6.1	4.3
EBIT margin	0.2%	5.4%	-32.0%	27.3%	24.1%
Pre-tax income	-107.4	-35.1	-18.5	-0.5	-2.1
Income taxes	18.8	-3.5	-3.7	0.5	-0.3
Tax rate		10.1%	19.9%		13.3%
Net income	-126.2	-31.6	-14.9	-1.0	-1.8
Net margin	-31.0%	-26.6%	-82.0%	-4.5%	-10.1%

Diluted EPS	($7.66)	($2.15)	($1.25)	($0.09)	($0.16)
Shares outstanding (diluted)	16.5	14.7	11.9	11.8	11.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.