FAT Brands Q1 2024 Adj EPS $(2.05) Misses $(1.15) Estimate, Sales $151.967M Miss $157.675M Estimate
Portfolio Pulse from Benzinga Newsdesk
FAT Brands reported Q1 2024 adjusted EPS of $(2.05), missing the $(1.15) estimate, and sales of $151.967M, missing the $157.675M estimate. This represents a 33.99% decrease in EPS and a 43.78% increase in sales year-over-year.

May 01, 2024 | 9:29 pm
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FAT Brands missed Q1 2024 EPS and sales estimates, with a significant decrease in EPS and an increase in sales compared to last year.
Missing both EPS and sales estimates significantly, especially with a larger than expected loss per share, is likely to negatively impact investor sentiment and the stock price in the short term. The increase in sales year-over-year indicates some positive business momentum, but the miss on earnings expectations overshadows this aspect.
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IMPORTANCE 90
RELEVANCE 100