FAT Brands Inc. (FAT) Q3 2024 Earnings Call Transcript Summary
FAT Brands Inc. (FAT) Q3 2024 Earnings Call Transcript Summary
Adjusted The following is a summary of the FAT Brands Inc. (FAT) Q3 2024 Earnings Call Transcript:
以下是FaT Brands Inc.（FAT）2024年第三季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
報告的總收入爲1.434億美元，同比增長31.1％，這主要是由於收購了Smokey Bones。
全系統銷售額增至6.007億美元，比上年增長6.4％。
調整後的息稅折舊攤銷前利潤爲1,410萬美元，低於上一季度的2190萬美元。
淨虧損擴大至4,480萬美元，攤薄每股虧損2.74美元，而去年淨虧損爲2470萬美元，攤薄每股虧損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.
將品牌組合擴展到 18 個概念，在 40 個國家和美國 49 個州或地區設有 2,300 多個分支機構。
爲了推動增長，強調數字營銷，並致力於改善賓客體驗。
在第三季度開設了22個新單位，計劃在2024年第四季度再開設約40個單位，並已簽署協議，在未來幾年開設約1,000套新單位。預計此次擴張將使調整後的年度息稅折舊攤銷前利潤增加5000萬美元至6000萬美元。
將一個 Smokey Bones 地點改建爲雙峯旅館，並計劃在 2025 年再進行七次改造。雙峯繼續表現良好，計劃在2025年開設19家新旅館。
利用其位於佐治亞州的製造工廠來提高餅乾麪糰和幹混合物的產量，這是運營效率和最大化流動資產的戰略重點的一部分。
繼續通過創新的合作伙伴關係和計劃加強社區和加盟商關係，例如用於簡化籌款的DonationScout。
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旨在通過改造現有地點來推動Twin Peaks的快速擴張，從而顯著減少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.
運營虧損和收購的Smokey Bones分支機構的績效挑戰帶來的巨大壓力。
在將衰落的特許經營權（例如Smokey Bones）轉換爲盈利單位方面面臨的全系統挑戰。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. 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：本文由 AI 生成。無法完全保證內容的準確性。欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
