Investing.com - FAT Brands reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
FAT Brands announced earnings per share of $-1.42 on revenue of $103.20. Analysts polled by Investing.com anticipated EPS of $-0.85 on revenue of $105.88M.
FAT Brands shares are down 24% from the beginning of the year and are trading at $8.02 , down-from-52-week-high.
FAT Brands follows other major Consumer Discretionary sector earnings this month
FAT Brands's report follows an earnings beat by Amazon.com on Thursday, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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