FAT Brands Inc. (NASDAQ:FAT) Q2 2023 Earnings Call Transcript

Roger Lipton : Well, there’s a lineup for franchisees, and they’re voting with their feet in terms of the expected returns. So I understand that it can vary a great deal in terms of how the stores are financed, but it wouldn’t be coming to these stores if the returns weren’t outstanding.

Andrew Wiederhorn: I think it’s amazing, Roger, that we’ve grown this brand 40% already in 2 years, and it’s poised to grow by another 100%. We’ve done it — we will have grown by the end of the year from 83 original stores to 115 units, and there’s another 115 already sold. So this brand is going to double again and why it’s a great IPO story. Thank you. This concludes today’s question-and-answer session. I would like to invite Mr. Wiederhorn to proceed with his closing statements. Please go ahead, sir.

Andrew Wiederhorn: I want to thank all of you for your interest in FAT Brands and attending our conference call. Thank you, operator. We can cancel the rest of this call now.

Operator: Thank you. That does conclude the FAT Brands audio conference for today. Thank you very much for your participation. You may now disconnect. Have a good day.