FAT BRANDS INC C/WTS 16/07/2025 (TO PUR COM) | 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% compared to $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.
• Loss from Operations: - $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 locations opened in the first quarter, a 37% increase over last year’s quarter.
• System-wide Sales Decline: 1.8%.
• System-wide Same-store Sales Decline: -3.4%.
• 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 aims to maintain strong liquidity and continue building net asset value for future liquidity events, such as debt reduction. Additionally, FAT Brands is expanding internationally with new agreements to open 40 locations across France.