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Stock impact report

FAT Brands First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]

FAT Brands Inc. - Class B (FATBB) 
Company Research Source: Yahoo! Finance
Net loss: US$40.2m (loss widened by 19% from 1Q 2023). US$2.37 loss per share (further deteriorated from US$2.05 loss in 1Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period FAT Brands Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 107%. Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Hospitality industry in the US. Performance of the American Hospitality industry. The company's shares are down 1.5% from a week ago. Risk Analysis You should always think about risks. Case in point, we've spotted 5 warning signs for FAT Brands you should be aware of, and 3 of them are a bit unpleasant. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Show less Read more
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