FAT Brands Inc. (NASDAQ:FAT) is reporting third quarter financial results on Tuesday 10th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, FAT is expected to report 3Q20 loss of $ 0.13 per share from revenue of $ 3.55 million.
For the full year, analysts anticipate top line of $ 17.10 million, while looking forward to loss of $ 0.79 per share bottom line.
Previous Quarter Performance
FAT Brands Inc. announced loss for the second quarter of $ 0.09 per share, from the revenue of $ 3.11 million.
Stock Performance
Shares of FAT Brands Inc. traded up $ 0.08 or 1.43 percent on Monday, reaching $ 5.66 with volume of 29.20 thousand shares. FAT Brands Inc. has traded high as $ 5.94 and has cracked $ 5.40 on the downward trend
According to the previous trading day, closing price of $ 5.66, representing a 224.42 % increase from the 52 week low of $ 1.72 and a 45.56 % decrease over the 52 week high of $ 10.25.
The company has a market capital of $ 67.33 million and is part of the Consumer Cyclical sector and Restaurants industry.
Conference Call
FAT Brands Inc. will be hosting a conference call at 5:00 PM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fatbrands.com
FAT Brands Inc., a multi-brand franchising company, acquires, markets, and develops fast casual and casual dining restaurant concepts. As of June 18, 2019, it owned 7 restaurant brands, including Fatburger, Buffalos Cafe, Buffalos Express, Hurricane Grill & Wings, Yalla Mediterranean, Ponderosa Steakhouse, and Bonanza Steakhouse with approximately 300 locations open and 200 under development worldwide. The company was founded in 2017 and is headquartered in Beverly Hills, California.
