FAT Brands (FAT) Q4 Earnings Miss, Revenues Beat, Comps Decline

FAT Brands Inc. (FAT) reported fourth-quarter fiscal 2023 results, with earnings missing the Zacks Consensus Estimate, while revenues beat the same. The top and the bottom lines increased on a year-over-year basis.The company’s quarterly results reflect an uptrend in the top line, attributable to an increase in system-wide sales and new restaurant openings. Solid franchisee interest in development opportunities has increased the company’s total pipeline to 1,100 units, including more than 225 development ag ...