v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Revenue        
Total revenue $ 146,836 $ 152,040 $ 288,855 $ 304,007
Costs and expenses        
General and administrative expense 44,415 29,558 77,458 59,563
Cost of restaurant and factory revenues 98,050 100,113 194,147 199,163
Depreciation and amortization 8,382 10,246 18,773 20,440
Refranchising (gain) loss (9) 175 (31) 1,683
Advertising fees 11,548 14,651 22,624 27,243
Total costs and expenses 162,386 154,743 312,971 308,092
Loss from operations (15,550) (2,703) (24,116) (4,085)
Other (expense) income, net        
Interest expense (34,952) (29,586) (66,396) (59,209)
Interest expense related to preferred shares (4,417) (4,417) (8,835) (8,835)
Net (loss) gain on extinguishment of debt 0 0 (151) 427
Other income (loss), net 7 (752) 44 (548)
Total other expense, net (39,362) (34,755) (75,338) (68,165)
Loss before income tax provision (54,912) (37,458) (99,454) (72,250)
Income tax provision (457) (1,901) (2,226) (5,425)
Net loss (55,369) (39,359) (101,680) (77,675)
Less: Net loss attributable to non-controlling interest (1,181) 0 (1,523) 0
Net loss attributable to FAT Brands Inc. (54,188) (39,359) (100,157) (77,675)
Dividends on preferred shares (2,310) (1,920) (4,541) (3,801)
Net loss available to common stockholders, basic (56,498) (41,279) (104,698) (81,476)
Net loss available to common stockholders, diluted $ (56,498) $ (41,279) $ (104,698) $ (81,476)
Basic loss per common share (in dollars per share) $ (3.17) $ (2.43) $ (5.91) $ (4.80)
Diluted loss per common share (in dollars per share) $ (3.17) $ (2.43) $ (5.91) $ (4.80)
Basic weighted average shares outstanding (in shares) 17,821,815 17,007,352 17,702,122 16,977,376
Diluted weighted average shares outstanding (in shares) 17,821,815 17,007,352 17,702,122 16,977,376
Cash dividends declared per common share (in dollars per share) $ 0 $ 0.14 $ 0 $ 0.28
Royalties        
Revenue        
Total revenue $ 22,169 $ 23,318 $ 43,942 $ 45,265
Restaurant sales        
Revenue        
Total revenue 102,388 107,410 201,803 213,348
Advertising fees        
Revenue        
Total revenue 9,667 10,065 19,431 19,861
Factory revenues        
Revenue        
Total revenue 10,250 9,636 19,061 19,110
Franchise fees        
Revenue        
Total revenue 1,124 1,113 2,314 2,594
Other revenue        
Revenue        
Total revenue $ 1,238 $ 498 $ 2,304 $ 3,829