FAT Brands Inc Q4 2020 Earnings Call Transcript - Thomson StreetEvents

FAT Brands Inc Q4 2020 Earnings Call Transcript

FAT Brands Inc Q4 2020 Earnings Call Transcript - Thomson StreetEvents
FAT Brands Inc Q4 2020 Earnings Call Transcript
Published Mar 25, 2021
11 pages (5680 words) — Published Mar 25, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of FAT.OQ earnings conference call or presentation 25-Mar-21 9:00pm GMT

  
Brief Excerpt:

...On the operational front, our franchisees reported system-wide sales of just over $107 million for the fourth quarter, fueled by the continued easing of COVID restrictions, representing a 46% increase over the third quarter. As I mentioned during our third quarter call in September, we began the rollout of Chowly, a third-party delivery aggregator and HNGR, a native online ordering and delivery as a service platform across our brands. During that first month, we saw an increase in delivery sales of over 40% for domestic Fatburger and co-branded Fatburger and Buffalo's Express locations, with December showing a 65% increase over pre-rollout levels. While we all eagerly anticipate the full reopening of dining rooms, technology-enabled delivery models have proven to be a valuable revenue generator for our franchisees. In addition to improving performance levels in our franchisees currently opened locations, both new construction and franchise sales are fueling the first pillar of growth for...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
FAT Brands Inc
Ticker
FAT.OQ
Time
9:00pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "FAT Brands Inc Q4 2020 Earnings Call Transcript" Mar 25, 2021. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2020-FAT-Brands-Inc-Earnings-Call-T14632794>
  
APA:
Thomson StreetEvents. (2021). FAT Brands Inc Q4 2020 Earnings Call Transcript Mar 25, 2021. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2020-FAT-Brands-Inc-Earnings-Call-T14632794>
  
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