FAT Brands(FAT)
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FAT Brands(FAT) - 2020 Q4 - Annual Report
2021-03-29 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 per share FAT The Nasdaq Stock Market LLC Series B Cumulative Preferred Stock, par value $0.0001 per share FATBP The Nasdaq Stock Market LLC Warrants to purchase Common Stock FATBW The Nasdaq Stock Market LLC FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the f ...
FAT Brands(FAT) - 2020 Q3 - Quarterly Report
2020-11-12 21:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 per share FAT The Nasdaq Stock Market LLC Series B Cumulative Preferred Stock, par value $0.0001 per share FATBP The Nasdaq Stock Market LLC Warrants to purchase Common Stock FATBW The Nasdaq Stock Market LLC FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For th ...
FAT Brands(FAT) - 2020 Q3 - Earnings Call Presentation
2020-11-11 21:01
BRANDS FRESH. AUTHENTIC. TASTY. Q3 2020 - Earnings Supplement November 10, 2020 YALLA mediterranean LEGAL DISCLAIMER 2 This earnings supplement of FAT Brands Inc. ("we", "our" or the "Company") contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the future financial and operating results of the Company, the Company's ability to leverage its expertise and infrastructure and successfully integrate and exploit the syne ...
FAT Brands(FAT) - 2020 Q3 - Earnings Call Transcript
2020-11-11 00:49
Financial Data and Key Metrics Changes - System-wide sales increased from $42 million in Q2 2020 to $68 million in Q3 2020, representing a 63.2% increase [8] - Total revenue rose to $4.1 million from $3.1 million in Q2 2020, with system-wide sales increasing 52% quarter-over-quarter [19] - Adjusted EBITDA was $621,000 compared to $2.3 million in Q3 2019, reflecting the challenges faced during the pandemic [21] Business Line Data and Key Metrics Changes - Franchisees opened 12 new stores in Q3 2020, bringing the year-to-date total to 15 stores, with expectations to close 2020 with 57 new stores compared to 24 in 2019 [10][11] - The burger brands showed a quick recovery, with Hurricane and Buffalo's Cafe brands demonstrating strong resilience, comping over 100% on a weekly basis [19] Market Data and Key Metrics Changes - The company reported that 25% of its stores were temporarily closed due to COVID-19, with significant closures in the Johnny Rockets brand, particularly in cruise ships and amusement parks [53][55] - The company has a strong presence in states with favorable weather conditions, which mitigates the impact of winter closures [31] Company Strategy and Development Direction - The acquisition of Johnny Rockets for approximately $25 million is expected to significantly enhance revenues and EBITDA, with projections indicating a potential 50% increase in revenues and 100% increase in EBITDA on a normalized basis [12][13] - The company is focused on organic growth and plans to continue opening new stores while supporting franchisees with enhanced delivery options and marketing initiatives [11][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about recovery as the vaccine rollout progresses, anticipating a strong recovery for Johnny Rockets and overall growth for the company [26][38] - The company is generating positive cash flow and is well-positioned for growth, with plans to refinance its securitization facility to lower capital costs [36][40] Other Important Information - The company raised $9 million through a public offering of preferred stock, simplifying its capital structure and demonstrating confidence from insiders [17][18] - The company is actively exploring additional acquisitions but prioritizes executing the integration of Johnny Rockets [42][46] Q&A Session Summary Question: Can you discuss the synergies from the Johnny Rockets acquisition? - Management noted significant synergies and expressed optimism about the brand's recovery post-COVID, although specific Q4 revenue projections were not provided [25][26] Question: What is the current status of the steakhouse brands? - The steakhouse brands have faced challenges, with some permanent closures, but management indicated that they represent only 8% of revenue going forward [30] Question: How is the company positioned for winter weather challenges? - Management stated that most restaurants are in favorable climates, and they have prepared franchisees for winter operations with outdoor dining solutions [31] Question: What is the update on the Fog Cutter Capital transaction? - Management confirmed that negotiations are ongoing and they hope to complete the transaction by the end of the year [32] Question: Can you provide a breakdown of closed stores due to COVID? - Management provided details on the number of temporarily closed stores across various brands, indicating that 25% of stores are currently closed [52][53]
FAT Brands (FAT) Investors Presentation - Slideshow
2020-09-24 16:56
BRANDS FRESH. AUTHENTIC. TASTY. Investor Presentation September 23, 2020 YALLA mediterranean LEGAL DISCLAIMER 2 This presentation of FAT Brands Inc. ("we", "our" or the "Company") contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the future financial and operating results of the Company, the Company's ability to leverage its expertise and infrastructure and successfully integrate and exploit the synergies of its a ...
FAT Brands(FAT) - 2020 Q2 - Quarterly Report
2020-08-07 01:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2020 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38250 FAT Brands Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) | --- | -- ...
FAT Brands(FAT) - 2020 Q1 - Quarterly Report
2020-05-28 22:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.0001 par value per share FAT The Nasdaq Stock Market LLC FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2020 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38250 F ...
FAT Brands(FAT) - 2019 Q4 - Annual Report
2020-04-28 00:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 29, 2019 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38250 FAT Brands Inc. (Exact name of registrant as specified in its charter) 9720 Wilshire Blvd., Suite 500 Beverly Hills, CA 90212 (Address of principal executive ...
FAT Brands(FAT) - 2019 Q3 - Quarterly Report
2019-11-08 22:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.0001 par value per share FAT The Nasdaq Stock Market LLC FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2019 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-382 ...
FAT Brands(FAT) - 2019 Q2 - Quarterly Report
2019-08-14 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.0001 par value per share FAT The Nasdaq Stock Market LLC FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38250 FA ...