Sign in

    Josh Dillon

    Senior Research Analyst at NOBLE Capital Markets

    Josh Dillon is a Senior Research Analyst at NOBLE Capital Markets, specializing in equity research across key growth sectors including technology, healthcare, and consumer industries. He provides coverage on specific companies such as Immuron, Grom Social Enterprises, and Life Clips, and his investment recommendations have achieved strong accuracy with success rates ranked above industry averages on independent platforms like TipRanks. Dillon brings over a decade of experience in equity analysis, having started his career at institutional investment firms before joining NOBLE Capital Markets in 2019. He holds FINRA Series 7 and Series 63 licenses, underscoring his regulatory credentials and expertise within the financial services industry.

    Josh Dillon's questions to Fat Brands (FAT) leadership

    Josh Dillon's questions to Fat Brands (FAT) leadership • Q4 2024

    Question

    Inquired about the reasons for missing the store opening target for the year, the differential impact of consumer spending across the brand portfolio, and the current M&A pipeline and strategy.

    Answer

    The shortfall in store openings (92 vs. a target of 100+) was attributed to minor slippage into 2025 caused by franchisee financing and construction delays, but the development pipeline remains strong. Consumer spending weakness affected the QSR sector, particularly Fazoli's, though a turnaround is beginning. In contrast, Round Table Pizza and dessert concepts have seen positive performance. The company's current focus is on deleveraging and organic growth rather than M&A due to the high cost of capital, although they are pursuing a couple of highly strategic targets.

    Ask Fintool Equity Research AI