FAT Brands Q3 2024 Adj EPS $(2.34) Misses $(1.37) Estimate, Sales $143.40M Miss $156.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
FAT Brands reported Q3 2024 earnings with an adjusted EPS of $(2.34), missing the estimate of $(1.37). Sales were $143.40M, below the expected $156.00M, but up 31.12% from last year.
October 30, 2024 | 8:54 pm
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FAT Brands reported a significant earnings miss for Q3 2024, with an adjusted EPS of $(2.34) compared to the expected $(1.37). Sales also fell short of expectations at $143.40M versus $156.00M, despite a 31.12% increase from the previous year.
The significant miss on both EPS and sales estimates is likely to negatively impact FAT Brands' stock price in the short term. The earnings per share were much lower than expected, and sales also fell short, which could lead to investor disappointment and a potential sell-off.
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IMPORTANCE 90
RELEVANCE 100