Jul. 31 at 3:51 PM
Noble Capital Markets Research Report: FAT Brands (
$FAT) – Reports 2Q25 Results
2Q25 Results. Revenue of
$146.8 million declined 3.4% y-o-y, but was above our
$141 million estimate. The revenue decline was driven by a decrease in restaurant revenue resulting from the closure of five underperforming Smokey Bones locations, the temporary closure of one Smokey Bones location for conversion into a Twin Peaks lodge, and lower same-store sales, partially offset by the opening of new Twin Peaks lodges. FAT Brands reported a net loss of
$54.2 million, or a loss of
$3.17/sh, compared to a net loss of
$39.4 million, or a loss of
$2.43/sh, last year. We had projected a net loss of
$46 million or a loss of
$2.56/sh.
Read more: https://www.channelchek.com/news-channel/fat-brands-fat-reports-2q25-results
