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Stock impact report

FAT Brands Inc. Reports Notable Revenue Growth Amidst Operational Losses in Q4 [Yahoo! Finance]

FAT Brands Inc. (FAT) 
US:NASDAQ Investor Relations: ir.fatbrands.com
Company Research Source: Yahoo! Finance
Operational Challenges : Despite revenue growth, the company reported a loss from operations of $3.1 million in Q4 2023. Net Loss Improvement : Net loss improved to $26.2 million in Q4 2023 from $70.8 million in the same quarter the previous year. Adjusted EBITDA Rise : Adjusted EBITDA increased to $27.0 million in Q4 2023, up from $19.6 million in Q4 2022. Annual Performance : For the full fiscal year 2023, FAT Brands Inc. reported an 18.0% increase in total revenue and a reduced net loss compared to 2022. Store Expansion : The company opened 125 new stores in 2023, with 29 in Q4, and signed over 225 development agreements. Warning! GuruFocus has detected 5 Warning Signs with FAT. On March 7, 2024, FAT Brands Inc. ( NASDAQ:FAT ) released its 8-K filing , detailing the fiscal fourth quarter and full fiscal year 2023 financial results. The company, a multi-brand restaurant franchising entity, operates 18 iconic brands with a global presence. FAT Brands generates revenue pr Show less Read more
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