FAT BRANDS Reports Strong Second Quarter Earnings for FY2023

August 14, 2023

☀️Earnings Overview

FAT BRANDS ($NASDAQ:FAT) reported its earnings for the second quarter of FY2023, which ended on June 30 2023. The company saw total revenue of USD 106.8 million, a 3.9% increase compared to the same period in the previous year.

Price History

This is a positive indication of the company’s financial performance over the period and provides assurance to investors that the company remains on a path of growth and success. FAT BRANDS has been making significant contributions to the food services industry for over a decade and they have recently made a series of investments in technology and data-driven operations, which have enabled them to remain competitive in the market. This report on their second quarter earnings shows that these investments are bearing fruit and that the company is well-positioned to continue its impressive performance into the future. Going forward, the company is looking to focus on building greater customer loyalty and expanding its presence in international markets, all while continuing to innovate and use new technologies that can help them stay ahead of the curve. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Fat Brands. More…

    Total Revenues Net Income Net Margin
    419.49 -133.46 -29.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Fat Brands. More…

    Operations Investing Financing
    -47.98 -12.5 28.74
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Fat Brands. More…

    Total Assets Total Liabilities Book Value Per Share
    1.23k 1.42k -11.58
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Fat Brands are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    179.2% 70.4% -2.5%
    FCF Margin ROE ROA
    -16.5% 3.4% -0.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has analyzed the fundamentals of FAT BRAND and used its Star Chart to classify it as a ‘cheetah’. This means that the company has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. Companies like FAT BRAND can be attractive to growth investors who are looking for companies that are growing but may come with more risk. When looking at the performance metrics of FAT BRAND, GoodWhale finds that the company is strong in growth, medium in dividend and weak in asset and profitability. It also has a low health score of 3/10 with regard to its cashflows and debt, indicating it is less likely to pay off debt and fund future operations. For investors looking at FAT BRAND, this should be taken into account when making a decision. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    In the fast-casual dining industry, FAT Brands Inc. competes with Fast Casual Concepts Inc, Create Restaurants Holdings Inc, and SFP Holdings Co Ltd. These companies all offer a similar product, but each has its own unique selling points. FAT Brands Inc. has a strong focus on healthy eating, while Fast Casual Concepts Inc. emphasizes convenience and affordability. Create Restaurants Holdings Inc. offers a more upscale experience, and SFP Holdings Co Ltd. focuses on sustainability.

    – Fast Casual Concepts Inc ($OTCPK:FCCI)

    Restaurant Brands International Inc. is a holding company that operates through its subsidiaries. The company owns and operates quick service restaurants. Its restaurant brands include Burger King, Tim Hortons, and Popeyes Louisiana Kitchen. The company was founded in 1954 and is headquartered in Toronto, Canada.

    – Create Restaurants Holdings Inc ($TSE:3387)

    SFP Holdings Co Ltd is a Chinese conglomerate with a market cap of 41.93B as of 2022. The company has a Return on Equity of 8.57%. SFP Holdings Co Ltd is involved in a wide range of businesses, including real estate, hospitality, and healthcare. The company has a strong presence in China, with a large number of assets and operations in the country.

    Summary

    Investors are encouraged by FAT BRANDS‘ second quarter FY2023 results, with total revenue rising 3.9% year-over-year to USD 106.8 million, despite a challenging macroeconomic environment. Net income declined from -8.2 million in FY2022 to -7.1 million in FY2023, though this still represents an improvement in the company’s financial performance. Going forward, investors will be looking to FAT BRANDS to continue to deliver strong financial performance and to weather any economic headwinds.

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