Fat Brands Pref Share FATBP 8.25 12/31/49 | 8-K: FY2025 Q2 Revenue: USD 146.84 M

Revenue: As of FY2025 Q2, the actual value is USD 146.84 M.

EPS: As of FY2025 Q2, the actual value is USD -3.17.

EBIT: As of FY2025 Q2, the actual value is USD -5.98 M.

Total Revenue: $146.8 million, a decrease of 3.4% from $152.0 million in the fiscal second quarter of 2024.
Royalties: $22.2 million, down from $23.3 million in the previous year.
Restaurant Sales: $102.4 million, compared to $107.4 million in the prior year.
Advertising Fees: $9.7 million, a decrease from $10.1 million in the previous year.
Factory Revenues: $10.3 million, up from $9.6 million in the prior year.
Franchise Fees: $1.1 million, slightly up from $1.1 million in the previous year.
Other Revenue: $1.2 million, compared to $0.5 million in the prior year.

Net Loss: $54.2 million, or $3.17 per diluted share, compared to $39.4 million, or $2.43 per diluted share, in the fiscal second quarter of 2024.
Negative EBITDA: - $6.0 million compared to EBITDA of $6.8 million in the fiscal second quarter of 2024.
Adjusted EBITDA: $15.7 million, consistent with the previous year.
Adjusted Net Loss: $49.0 million, or $2.88 per diluted share, compared to $30.9 million, or $1.93 per diluted share, in the fiscal second quarter of 2024.
Loss from Operations: -$15.6 million in Q2 2025, compared to -$2.7 million in Q2 2024.

Interest Expense: $39.4 million, up from $34.0 million in the previous year.

General and Administrative Expense: Increased by 50.3% to $44.4 million, primarily due to increased share-based compensation expense.
Cost of Restaurant and Factory Revenues: Decreased by 2.1% to $98.1 million.
Advertising Expenses: Decreased by $3.1 million to $11.5 million.
System-Wide Sales: $592.2 million in Q2 2025, down from $614.7 million in Q2 2024.
Same-Store Sales Decline: -3.9% system-wide in Q2 2025.

FAT Brands is focused on expanding its manufacturing capacity and pursuing strategic partnerships to broaden brand reach and strengthen manufacturing capabilities.
The company aims to achieve cash flow positive status in the coming quarters through various financial strategies, including bondholder agreements and refinancing efforts.
A development deal in Florida is set to open 40 additional Fatburger locations over the next decade.
The company plans 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.
FAT Brands aims to maintain strong liquidity and continue building net asset value for future liquidity events, such as debt reduction.
The company intends to grow factory production to utilize approximately 60% excess capacity through expanded organic channels and third-party dough and mix manufacturing.