FAT Brands, Inc. (NASDAQ:FAT) Q1 2023 Earnings Conference Call May 8, 2023 4:30 PM ET
Company Participants
Andrew Wiederhorn - Outside Consultant & Strategic Advisor & Director
Kenneth Kuick - CFO
Robert Rosen - EVP, Capital Markets
Conference Call Participants
Joseph Gomes - NOBLE Capital Markets
Roger Lipton - Lipton Financial Services
Operator
Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the FAT Brands Inc. First Quarter 2023 Earnings Conference Call. [Operator Instructions]. Please note that this conference is being recorded today, May 8, 2023.
On the call from FAT Brands are Chairman of the Board, Andy Wiederhorn; and co-Chief Executive and Chief Financial Officer, Ken Kuick and Rob Rosen. This afternoon, the company made its first quarter 2023 financial results publicly available. Please refer to the earnings release and earnings supplement, both of which are available in the Investors section on our website at www.fatbrands.com. Each contain additional details about the first quarter, which closed on March 26, 2023.
But before we begin, I must remind everyone that part of the discussion today will include forward-looking statements. These forward-looking statements are not guarantees of future performance, and therefore, undue reliance should not be placed upon them. Actual results may differ materially from those indicated by these forward-looking statements due to a number of risks and uncertainties. The company does not undertake to update these forward-looking statements at a later date. For more detailed discussion of the risks that could impact future operating results and financial conditions, please see today's earnings release and recent SEC filings.
During today's call, the company will discuss non-GAAP financial measures, which it believes can be useful in evaluating its performance. The presentation of this additional information should not be considered in isolation nor as a substitute for results prepared in accordance with GAAP. Reconciliations to comparable GAAP measures are available in today's earnings release.
I would now like to turn the call over to Andy Wiederhorn, chairman of the board.
Andrew Wiederhorn
Thank you, operator, and hello, everyone, and thank you all for joining us on the call today. This afternoon, we made our first quarter 2023 financial results publicly available. Please refer to the earnings release and our earnings supplement, both of which are available in the Investors section of our website at www.fatbrands.com. Each contain additional details about the first quarter, which closed March 26.
Let me begin by thanking our teams, franchisees and their employees for their hard work as we continue to grow this business. Last week, Ken Kuick and Rob Rosen were named co-Chief Executive Officers, effective May 5. Both Ken and Rob joined FAT Brands in 2021 and have played an integral role in our strategic growth initiatives, including acquisitions and driving company profitability. Ken and Rob will also continue in their respective roles as Chief Financial Officer and Head of Debt Capital Markets, while assuming the co-CEO role.