FAT Brands Q2 Adj EPS $0.08 Beats $(1.57) Estimate, Sales $106.76M Beat $106.75M Estimate
Portfolio Pulse from vinayak@benzinga.com
FAT Brands reported Q2 earnings of $0.08 per share, beating the analyst consensus estimate of $(1.57) by 105.1%. This is a 142.11% increase from the same period last year. The company also reported quarterly sales of $106.76 million, beating the estimate of $106.75 million by 0.01%, a 3.87% increase from last year.
August 04, 2023 | 2:35 pm
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POSITIVE IMPACT
FAT Brands reported better than expected Q2 earnings and sales, which could positively impact the stock price.
FAT Brands reported a significant increase in earnings and a slight increase in sales, both beating estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100