FAT Brands Inc. (NASDAQ:FAT) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET

Company Participants

Andy Wiederhorn - President & Chief Executive Officer

Ken Kuick - Chief Financial Officer

Conference Call Participants

Joe Gomes - NOBLE Capital

Operator

Good afternoon, ladies and gentlemen and thank you for standing by. Welcome to the FAT Brands Inc. Fourth Quarter and Fiscal Year 2022 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode. Please note that this conference is being recorded today, February 22, 2023. On the call from FAT Brands are President and Chief Executive Officer, Andy Wiederhorn; and Chief Financial Officer, Ken Kuick. This afternoon, the company made its fourth quarter and fiscal year 2022 financial results publicly available. Please refer to the earnings release and earnings complement, both of which are available in the Investors section on the website at www.fatbrand.com -- apologies, www.fatbrands.com. Each contain additional details about the fourth quarter which closed on December 21, 2022.

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 on 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 a more detailed discussion of the risks that could impact future opening, 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 we believe 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 Mr. Andy Wiederhorn, President and Chief Executive Officer. Please go ahead, sir.

Andy Wiederhorn

Thank you, operator and hello, everyone. 2022 was a big year for Fat Brands as we continue to execute on our growth and integration strategies. I would like to express my sincere appreciation to our teams, franchisees and their employees who helped us close a record-breaking year. It is due to their hard work and dedication that we move forward with confidence and execute the incredible growth opportunity that lies ahead for Fat Brands.