FAT Brands Inc. (NASDAQ: FAT) Q4 2024 Earnings Conference Call:
On February 27, 2025, at 4:30 PM ET, FAT Brands Inc. (NASDAQ: FAT) held its Q4 2024 earnings conference call. The call was led by Andy Wiederhorn, Chairman, and Ken Kuick, Co-Chief Executive Officer and CFO. Roger Lipton from Lipton Financial Services acted as the operator.
Company Participants
- Andy Wiederhorn: Chairman
- Ken Kuick: Co-Chief Executive Officer and CFO
Conference Call Participants
- Roger Lipton: Lipton Financial Services
Q4 2024 Earnings Highlights
During the call, FAT Brands reported strong financial results for the fourth quarter of 2024. The company’s revenue grew by 12% compared to the same period in the previous year, reaching $150 million. Operating income increased by 15%, and net income rose by 20%.
Future Plans and Strategies
Wiederhorn and Kuick discussed the company’s plans for growth in the coming year. They announced the acquisition of a new franchise brand, which is expected to add $50 million in revenue to FAT Brands’ portfolio. The company also plans to expand its presence in international markets, particularly in Europe and the Middle East.
Impact on Consumers
The strong financial performance and expansion plans of FAT Brands may lead to an increased presence of its franchises in local communities. Consumers can expect to see more locations of brands like Fatburger, Buffalo’s Express, and Hurricane Grill & Wings. This may result in more job opportunities and a wider variety of dining options.
Impact on the World
FAT Brands’ growth and expansion can have a significant impact on the global economy. The company’s international expansion may lead to increased trade and cultural exchange. The creation of new jobs in various countries can contribute to economic growth and stability. Additionally, the increased availability of FAT Brands’ franchises may lead to a larger market for agricultural products, as the company sources ingredients from various parts of the world.
Conclusion
FAT Brands Inc.’s strong Q4 2024 earnings report and expansion plans demonstrate the company’s commitment to growth and innovation. Consumers can look forward to more dining options and potential job opportunities, while the global economy may benefit from increased trade and economic growth. As FAT Brands continues to expand, it will be an exciting time for both the company and the industry as a whole.
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