Despite a notable revenue increase and aggressive expansion plans, FAT Brands faces profitability hurdles and heightened net losses.
Despite Revenue Growth, FAT Brands Inc. Misses Analyst Earnings Estimates
Conference call and webcast today at 5:00 p.m. ET LOS ANGELES, May 01, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported financial results for the fiscal first quarter ended March 31, 2024. “Over the last three years, we have expanded our footprint 10-fold by strategically building a diverse portfolio that now includes 18 iconic concepts spanning over 2,300 locations worldwide, across more than 40 countries and 49 U.S