Fat Brands Pref Share FATBP 8.25 12/31/49 | 8-K: FY2025 Q1 Revenue: USD 142.02 M

Revenue: As of FY2025 Q1, the actual value is USD 142.02 M.

EPS: As of FY2025 Q1, the actual value is USD -2.73.

EBIT: As of FY2025 Q1, the actual value is USD 2.053 M.

Segment Revenue

• Total Revenue: $142.0 million, a decrease of 6.5% from $152.0 million in the fiscal first quarter of 2024.
• Royalties: $21.8 million compared to $21.9 million in the previous year.
• Restaurant Sales: $99.4 million compared to $105.9 million in the previous year.
• Advertising Fees: $9.8 million compared to $9.8 million in the previous year.
• Factory Revenues: $8.8 million compared to $9.5 million in the previous year.
• Franchise Fees: $1.2 million compared to $1.5 million in the previous year.

Operational Metrics

• Net Loss: - $46.0 million, or $2.73 per diluted share, compared to - $38.3 million, or $2.37 per diluted share, in the fiscal first quarter of 2024.
• EBITDA: $2.1 million compared to $9.4 million in the fiscal first quarter of 2024.
• Adjusted EBITDA: $11.1 million compared to $18.2 million in the fiscal first quarter of 2024.
• Operating Loss: - $8.566 million in Q1 2025, compared to - $1.382 million in Q1 2024.

Cash Flow

• Interest Expense: $31.444 million in Q1 2025, compared to $29.623 million in Q1 2024.

Unique Metrics

• New Store Openings: 23 new store openings during the fiscal first quarter of 2025.
• System-wide Sales Decline: 1.8% decline.
• System-wide Same-store Sales Decline: -3.4% decline.
• System-Wide Sales: $571.1 million in Q1 2025, compared to $581.8 million in Q1 2024.

Outlook / Guidance

• FAT Brands plans to open over 100 new restaurant locations in 2025, supported by a development pipeline of approximately 1,000 signed agreements.
• The company is expanding internationally with agreements to open 40 locations in France, featuring Fatburger and Buffalo’s Cafe concepts.
• FAT Brands aims to accelerate the build-out of a 1,000+ unit new store pipeline and drive adjusted EBITDA growth by approximately $10 million from new stores and $5 million from factory operations.