FAT Brands Past Earnings Performance
Past criteria checks 0/6
FAT Brands's earnings have been declining at an average annual rate of -42.9%, while the Hospitality industry saw earnings growing at 29.5% annually. Revenues have been growing at an average rate of 39.5% per year.
Key information
-42.89%
Earnings growth rate
-40.85%
EPS growth rate
| Hospitality Industry Growth | 19.52% |
| Revenue growth rate | 39.52% |
| Return on equity | n/a |
| Net Margin | -40.88% |
| Last Earnings Update | 28 Sep 2025 |
Recent past performance updates
Recent updates
FAT: Global Expansion Will Support Future Upside Despite Nasdaq Compliance Risks
Analysts have modestly lifted their price target on FAT Brands, citing updated assumptions that reflect a fair value increase to US$10.00, slightly higher projected revenue growth of about 3.90% and a revised forward P/E of roughly 4.92 times as they refine expectations for the company’s profitability profile. What's in the News On January 8, 2026, FAT Brands received Nasdaq notices that its Class A Common Stock did not meet the minimum bid price requirement of US$1.00 per share for 30 consecutive business days.FAT: Global Expansion And New Co Branded Stores Will Support Future Upside
Analysts have nudged their price target on FAT Brands slightly higher, now reflecting an updated fair value estimate of US$8.00 per share, supported by largely unchanged assumptions around discount rate, revenue growth, profit margin and future P/E. What's in the News Fazoli’s, part of FAT Brands, opened its fourth restaurant in the greater Phoenix area, an all new drive thru location in Surprise, Arizona, featuring its core pasta dishes and unlimited breadsticks.
FAT: Expanding Franchise Footprint May Drive Upside Despite Higher Required Returns
Analysts have lowered their 12 month price target on FAT Brands from 15 dollars to 10 dollars, citing a higher required discount rate, slower expected revenue growth, and a modestly lower future earnings multiple, despite relatively stable profit margin assumptions. What's in the News Fazoli’s, a FAT Brands portfolio company, opened its fourth greater Phoenix restaurant in Surprise, Arizona, adding a new drive thru location to its regional footprint (company announcement) FAT Brands launched its first co branded Fatburger and Buffalo's Express in Dallas, expanding the burger and wings concepts to eight total Fatburger locations in Texas (company announcement) FAT Brands is actively seeking acquisitions, with management emphasizing disciplined deal making that enhances core brands while prioritizing balance sheet strengthening and deleveraging amid higher capital costs (Q3 2025 earnings call) Great American Cookies, under FAT Brands, opened its first location in Hattiesburg, Mississippi, bringing the chain to 10 stores across the state (company announcement) FAT Brands continues international and co branded expansion, including new Johnny Rockets units across Iraq, Chile, the UAE, Mexico, and Brazil, and a new Great American Cookies and Marble Slab Creamery location in Maryville, Tennessee (company announcements) Valuation Changes Consensus Analyst Price Target: fair value estimate reduced materially from 15 dollars to 10 dollars per share.FAT: Global Footprint Expansion Will Drive Future Upside From Current Levels
Analysts have slightly raised their price target on FAT Brands to reflect a modestly higher implied fair value of $8.00 per share, citing incremental confidence in the company’s future earnings multiple and stable profit margins, despite only negligible tweaks to growth and profitability assumptions. What's in the News Opened the first co branded Fatburger and Buffalo's Express location in Dallas at Preston Hollow Village, expanding the Fatburger footprint in Texas to eight locations, with a grand opening promotion offering free burgers and fries to early customers (company announcement).FAT: International Expansion Will Drive Future Upside Despite Increased Discount Rate
Analysts have raised their price target for FAT Brands to $8.00, citing improved revenue growth projections and adjustments to key financial assumptions. What's in the News Opened the first Fatburger and Buffalo's Express location in Dallas, Texas, bringing the total Fatburger locations in the state to eight.FAT: International Expansion Will Drive Upside Potential Despite Lower Forecast
Analysts have lowered their price target for FAT Brands from $12.50 to $8.00. They cited a slowdown in anticipated revenue growth along with more conservative forward valuation metrics.Is It Time To Consider Buying FAT Brands Inc. (NASDAQ:FAT)?
While FAT Brands Inc. ( NASDAQ:FAT ) might not have the largest market cap around , it received a lot of attention from...
Spin-offs, Debt Reduction And New Locations Will Drive Hospitality Success
The spin-off of Twin Hospitality Group and debt reduction plans aim to enhance investor confidence and strengthen financial health.FAT Brands (NASDAQ:FAT) Has Announced A Dividend Of $0.14
The board of FAT Brands Inc. ( NASDAQ:FAT ) has announced that it will pay a dividend on the 29th of November, with...FAT Brands (NASDAQ:FAT) Is Due To Pay A Dividend Of $0.14
FAT Brands Inc.'s ( NASDAQ:FAT ) investors are due to receive a payment of $0.14 per share on 30th of August. This...Why FAT Brands Inc. (NASDAQ:FAT) Could Be Worth Watching
FAT Brands Inc. ( NASDAQ:FAT ), might not be a large cap stock, but it saw a double-digit share price rise of over 10...FAT Brands (NASDAQ:FAT) Has Announced A Dividend Of $0.14
FAT Brands Inc. ( NASDAQ:FAT ) will pay a dividend of $0.14 on the 31st of May. This means the annual payment is 7.6...Estimating The Fair Value Of FAT Brands Inc. (NASDAQ:FAT)
Key Insights The projected fair value for FAT Brands is US$8.51 based on Dividend Discount Model FAT Brands' US$7.85...Potential Upside For FAT Brands Inc. (NASDAQ:FAT) Not Without Risk
FAT Brands Inc.'s ( NASDAQ:FAT ) price-to-sales (or "P/S") ratio of 0.3x may look like a pretty appealing investment...Is It Too Late To Consider Buying FAT Brands Inc. (NASDAQ:FAT)?
FAT Brands Inc. ( NASDAQ:FAT ), might not be a large cap stock, but it saw a decent share price growth in the teens...Revenue & Expenses Breakdown
How FAT Brands makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 28 Sep 25 | 574 | -235 | 155 | 0 |
| 29 Jun 25 | 578 | -221 | 148 | 0 |
| 30 Mar 25 | 583 | -206 | 133 | 0 |
| 29 Dec 24 | 593 | -198 | 130 | 0 |
| 29 Sep 24 | 606 | -156 | 124 | 0 |
| 30 Jun 24 | 572 | -136 | 114 | 0 |
| 31 Mar 24 | 527 | -103 | 94 | 0 |
| 31 Dec 23 | 480 | -97 | 93 | 0 |
| 24 Sep 23 | 426 | -142 | 101 | 0 |
| 25 Jun 23 | 419 | -140 | 106 | 0 |
| 26 Mar 23 | 416 | -141 | 117 | 0 |
| 25 Dec 22 | 407 | -133 | 113 | 0 |
| 25 Sep 22 | 378 | -80 | 96 | 0 |
| 26 Jun 22 | 304 | -58 | 78 | 0 |
| 27 Mar 22 | 210 | -55 | 61 | 0 |
| 26 Dec 21 | 119 | -32 | 42 | 0 |
| 26 Sep 21 | 51 | -20 | 24 | 0 |
| 27 Jun 21 | 26 | -17 | 17 | 0 |
| 28 Mar 21 | 20 | -15 | 16 | 0 |
| 27 Dec 20 | 18 | -15 | 15 | 0 |
| 27 Sep 20 | 17 | -8 | 14 | 0 |
| 28 Jun 20 | 19 | -6 | 14 | 0 |
| 29 Mar 20 | 22 | -3 | 13 | 0 |
| 29 Dec 19 | 23 | -1 | 12 | 0 |
| 29 Sep 19 | 22 | -3 | 19 | 0 |
| 30 Jun 19 | 21 | -4 | 16 | 0 |
| 31 Mar 19 | 19 | -3 | 13 | 0 |
| 30 Dec 18 | 18 | -2 | 10 | 0 |
| 01 Jul 18 | 8 | -1 | 2 | 0 |
| 01 Apr 18 | 6 | 0 | 2 | 0 |
| 31 Dec 17 | 4 | 0 | 3 | 0 |
| 25 Dec 16 | 10 | 4 | 4 | 0 |
Quality Earnings: FATA.Q is currently unprofitable.
Growing Profit Margin: FATA.Q is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FATA.Q is unprofitable, and losses have increased over the past 5 years at a rate of 42.9% per year.
Accelerating Growth: Unable to compare FATA.Q's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FATA.Q is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (21.3%).
Return on Equity
High ROE: FATA.Q's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/05 04:26 |
| End of Day Share Price | 2026/07/02 00:00 |
| Earnings | 2025/09/28 |
| Annual Earnings | 2024/12/29 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
FAT Brands Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph Gomes | NOBLE Capital Markets, Inc. |