FAT Brands Q4 2023 Adj EPS $(1.150) Beats $(1.220) Estimate, Sales $158.600M Beat $150.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
FAT Brands reported Q4 2023 adjusted EPS of $(1.150), surpassing the $(1.220) estimate, with sales of $158.600M exceeding the $150.400M forecast. This represents a 52.77% increase in sales compared to the same period last year.
March 07, 2024 | 9:27 pm
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POSITIVE IMPACT
FAT Brands exceeded Q4 2023 earnings and sales estimates, with a significant year-over-year sales growth.
Beating both earnings and sales estimates typically generates positive investor sentiment, potentially leading to a short-term stock price increase. The significant year-over-year sales growth further underscores the company's strong performance and may attract more investors.
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