Q2 2025 Financial Highlights - System-wide sales decreased by 37% to $5922 million in Q2 2025 compared to $6147 million in Q2 2024[7, 10] - Same-store sales declined by 39% system-wide[7] - Total revenue decreased to $1468 million in Q2 2025 from $1520 million in Q2 2024[7, 10] - Adjusted EBITDA remained flat at $157 million in both Q2 2025 and Q2 2024[7, 10] Strategic Focus - The company aims to accelerate the build-out of a new store pipeline of over 1,000 units[13] - The company plans to grow factory production to utilize approximately 60% excess capacity through expanded organic channels and third-party manufacturing[13] - The company is targeting approximately $10 million in Adjusted EBITDA growth from new stores and approximately $5 million from the factory[13] - The company intends to re-franchise 57 Fazoli's company-owned restaurants[13] Q2 2025 Statement of Operations - Royalties decreased to $22169 thousand in Q2 2025 from $23318 thousand in Q2 2024[21] - Restaurant sales decreased to $102388 thousand in Q2 2025 from $107410 thousand in Q2 2024[21] - Net loss attributable to FAT Brands Inc was $(54188) thousand in Q2 2025 compared to $(39359) thousand in Q2 2024[21, 23]

Q1 2025 Financial Performance - System-wide sales decreased by 1.8%[7] from $581.8 million in Q1 2024 to $571.1 million in Q1 2025[10] - Same-store sales declined by 3.4%[7] - Total revenue decreased from $152.0 million in Q1 2024 to $142.0 million in Q1 2025[7, 10], a decrease of approximately 6.6% - Adjusted EBITDA decreased from $18.2 million in Q1 2024 to $11.1 million in Q1 2025[7, 10], a decrease of approximately 39% - Net loss attributable to FAT Brands Inc increased from $38.316 million to $45.969 million[21, 22], an increase of approximately 20% Strategic Initiatives - The company plans to accelerate the build-out of a 1,000+ unit new store pipeline[13] - The company aims to drive approximately $10 million in Adjusted EBITDA growth from new stores[13] - The company aims to drive approximately $5 million in Adjusted EBITDA growth from factory production[13] - The company intends to re-franchise 57 company-owned Fazoli's restaurants[13]