FAT Brands Shares Face Unrelenting Decline

FAT Brands Inc. finds itself navigating turbulent market conditions as its stock continues a significant downward trajectory. Investor confidence has been severely tested following the release of disappointing quarterly earnings and a crucial regulatory filing, with shares dropping nearly 6% in a single trading session. Over the past week, cumulative losses have reached approximately 10%, reflecting growing apprehension among shareholders.

Amid the financial challenges, the company submitted an important proxy statement to the SEC yesterday. This filing confirmed Andrew Wiederhorn’s return to the chief executive officer position in early September. On a positive note, the resolution of legal disputes is projected to generate annual savings of around $30 million. A shareholder meeting Read more...