FAT Brands Inc. Provides Business Update Related to COVID-19 and Reports Fourth Quarter and Fiscal Year 2019 Financial Results

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Go back to FAT Brands Inc. Provides Business Update Related to COVID-19 and Reports Fourth Quarter and Fiscal Year 2019 Financial Results

FAT Brands (FAT) Reports Q4 Loss of $0.08, Revenues Miss

April 27, 2020 4:40 PM EDT

FAT Brands (NASDAQ: FAT) reported Q4 EPS of ($0.08), versus ($0.23) reported last year. Revenue for the quarter came in at $5.3 million versus the consensus estimate of $5.86 million.

Fiscal Fourth Quarter 2019 Highlights

Total revenues of $5.3 million, up 17.3% from $4.5 million in the fourth quarter of 2018. Excluding advertising revenues, revenues grew 20.8% to $4.3 million from $3.6 million in the fourth quarter of 2018.System-wide sales growth of 8.1% y/ySystem-wide sales growth (excluding Ponderosa & Bonanza) of 18.1% y/yUnited States sales growth of 4.8% y/yCanada sales growth of 4.0% y/yOther International(1) sales growth of 25.5%... More