FAT Brands Q2 2024 Adj. EPS $(1.93) Misses $(1.45) Estimate, Sales $152.040M Miss $154.475M Estimate
Portfolio Pulse from Benzinga Newsdesk
FAT Brands (NASDAQ:FAT) reported Q2 2024 adjusted EPS of $(1.93), missing the $(1.45) estimate by 33.1%. Sales were $152.040M, missing the $154.475M estimate by 1.58%, but up 42.41% from last year's $106.764M.
July 31, 2024 | 9:03 pm
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FAT Brands reported Q2 2024 adjusted EPS of $(1.93), missing the $(1.45) estimate by 33.1%. Sales were $152.040M, missing the $154.475M estimate by 1.58%, but up 42.41% from last year's $106.764M.
The significant miss on EPS and slight miss on sales estimates are likely to negatively impact the stock price in the short term, despite the strong year-over-year sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100