FAT Brands Inc. Reports First Quarter 2020 Financial Results and Provides Business Updates Related To COVID-19
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FAT Brands (FAT) Reports Q1 Loss of $0.20, Revenues Miss
May 28, 2020 4:13 PM EDTFAT Brands (NASDAQ: FAT) reported Q1 EPS of ($0.20), versus ($0.06) reported last year. Revenue for the quarter came in at $4.4 million versus the consensus estimate of $5.86 million.
Fiscal First Quarter 2020 Highlights
Total revenues of $4.4 million compared to $4.9 million in the first quarter of 2019. Excluding advertising revenues, revenues were $3.5 million, down from $3.9 million in the first quarter of 2019.System-wide sales were down 10.5% y/ySystem-wide sales (excluding Ponderosa & Bonanza) declined 1.6% y/yUnited States sales decline of 13.7% y/yCanada sales decline of 0.3% y/yOther International(1) sales were down 1.8%System-wide same-store... More