Reports Q4 revenue $158.64M, consensus $150.4M. “With the acquisition of Smokey Bones early in the fourth quarter, we have grown the FAT Brands portfolio to 18 iconic restaurant brands with annualized system wide sales of $2.5 billion,” said Andy Wiederhorn, chairman of FAT Brands. “We opened 125 restaurants in 2023, including 29 in the fourth quarter. We are seeing strong franchisee interest in development opportunities, having signed more than 225 development agreements in 2023, bringing our total pipeline to 1,100 units. This represents the potential for over 50% EBITDA growth over the next several years.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FAT:
- Fat Brands Inc Unveils In-Depth Financial Performance Data
- FAT BRANDS INC. REPORTS FISCAL FOURTH QUARTER AND FULL FISCAL YEAR 2023 FINANCIAL RESULTS
- Johnny Rockets Adds Brand-New Cookie Jar Shake to Iconic Hand-Spun Shake Menu
- Round Table Pizza Does the Math This Pi Day! $3.14 Personal Pizza for Royal Rewards Members All Day Long!
- FAT Upcoming Earnings Report: What to Expect?