FAT Brands Inc. (FAT) Q3 2024 Earnings Call Transcript Summary
FAT Brands Inc. (FAT) Q3 2024 Earnings Call Transcript Summary
Adjusted EBITDA was $14.1 million, a decrease from $21.9 million in the previous year's quarter.The following is a summary of the FAT Brands Inc. (FAT) Q3 2024 Earnings Call Transcript:
以下是fat brands inc 8.25% cum pref stk ser b（fat）2024年第三季度業績會實錄摘要：
Financial Performance:
金融業績：
Reported total revenue of $143.4 million, up 31.1% year-over-year, substantially due to the acquisition of Smokey Bones.
System-wide sales increased to $600.7 million, marking a 6.4% increase from the previous year.
Adjusted EBITDA was $14.1 million, a decrease from $21.9 million in the previous year's quarter.
Net loss widened to $44.8 million, or $2.74 per diluted share, compared to a net loss of $24.7 million, or $1.59 per diluted share, the previous year.
報告總營業收入爲14340萬美元，同比增長31.1%，主要是由於收購了Smokey Bones。
系統範圍內銷售額增至60070萬美元，較上一年增長6.4%。
調整後的EBITDA爲1410萬美元，較上一年同期的2190萬美元下降。
淨虧損擴大至4480萬美元，每股攤薄盈利2.74美元，而上一年爲淨虧損2470萬美元，每股攤薄盈利1.59美元。
Business Progress:
業務進展：
Expanded the brand portfolio to 18 concepts, with over 2,300 locations in 40 countries and 49 U.S. states or territories.
To drive growth, emphasized digital marketing and committed to enhancing guest experiences.
Opened 22 new units in the third quarter, with plans for approximately 40 more in Q4 2024, and have signed deals to open about 1,000 new units in the coming years. This expansion is expected to boost annual adjusted EBITDA by $50 million to $60 million.
Converted one Smokey Bones location to a Twin Peaks lodge, with plans for seven more conversions in 2025. Twin Peaks continues to perform well, with plans to open 19 new lodges in 2025.
Utilizing their Georgia-based manufacturing facility for increased cookie dough and dry mix production, part of a strategic focus on operational efficiency and maximizing current assets.
Continues to strengthen community and franchisee relations through innovative partnerships and programs, such as DonationScout for streamlined fundraising.
擴展品牌組合至18個概念，在40個國家和49個美國州或地區擁有超過2300個門店。
爲推動增長，強調數字營銷並致力於提升客人體驗。
第三季度新開了22個門店，計劃到2024年第四季度再開約40家，已簽署協議要在未來幾年內新開約1,000家門店。這一擴張預計將使年度調整後EBITDA增加5,000萬至6,000萬美元。
將一個 Smokey Bones 門店改建爲 Twin Peaks 小屋，並計劃在2025年再進行七次改建。Twin Peaks 業績持續良好，計劃在2025年新開19家小屋。
利用位於佐治亞的製造工廠增加曲奇麪糰和幹混產品的生產，這是戰略性專注於運營效率和最大化當前資產的一部分。
通過創新合作伙伴關係和項目，如 DonationScout 等項目，繼續加強社區和特許經營商的關係，以簡化籌款流程。
Opportunities:
機會：
Acquisition of Smokey Bones designed to fuel rapid expansion of Twin Peaks by converting existing locations, significantly reducing construction time and related costs.
收購 Smokey Bones 旨在通過將現有位置轉換爲加快 Twin Peaks 的快速擴張，從而顯著縮短施工時間和相關成本。
Risks:
風險：
Significant pressures from operating losses and the performance challenges of acquired Smokey Bones locations.
System-wide challenges in converting declining franchises such as Smokey Bones into profitable units.
來自營運虧損和收購Smokey Bones門店績效挑戰的重大壓力。
系統範圍內存在將衰退的特許經營權轉變爲盈利單位的挑戰。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
