FAT Brands Inc. (NASDAQ:FAT) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET
Company Participants
Andy Wiederhorn - Chairman
Ken Kuick - Co-Chief Executive Officer and CFO
Conference Call Participants
Alton Stump - Loop Capital
Joe Gomes - Noble Capital Markets
Roger Lipton - Lipton Financial Services
Operator
Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the FAT Brands Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants have been placed in the listen-only mode. Please note that this conference is being recorded today, October 30, 2024.
On the call from FAT Brands are Chairman of the Board, Andy Wiederhorn; and Co-Chief Executive Officer and Chief Financial Officer, Ken Kuick.
This afternoon, the company made its third quarter 2024 financial results publicly available. Please refer to the earnings release and earnings supplement, both of which are available in the Investors section of the company’s website at www.fatbrands.com. Each contains additional details about the third quarter.
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 details, discussion of the risks that impact future operating results and financial conditions, please see today’s earnings release and recent SEC filing.
During today’s call, the company will also 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. Reconciliation 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. Please go ahead.
Andy Wiederhorn
Thank you, Operator. Let me start by expressing my gratitude to our exceptional team members, franchisees and employees. Their commitment to FAT Brands continues to fuel our success and I’m very encouraged by what we are accomplishing together.
Over the last three years, we have expanded our brand portfolio to include 18 distinct concepts while our footprint has increased tenfold, now encompassing over 2,300 locations open or under construction across more than 40 countries and 49 U.S. states or territories.