FAT Brands Q3 Adj $(2.34) Misses $(1.37) Estimate, Sales $143.37M Miss $156.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
FAT Brands reported Q3 losses of $(2.34) per share, missing the $(1.37) estimate, and sales of $143.37M, missing the $156.00M estimate. Despite a 31.09% increase in sales from last year, the results were below expectations.
October 30, 2024 | 9:00 pm
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NEGATIVE IMPACT
FAT Brands reported worse-than-expected Q3 results with a significant EPS miss and sales below estimates, despite a year-over-year sales increase.
The significant miss on both EPS and sales compared to analyst estimates suggests potential negative sentiment and pressure on FAT Brands' stock price in the short term. The year-over-year sales increase is a positive, but the market is likely to focus on the missed expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100