Welcome to our dedicated page for FAT Brands news (Ticker: FAT), a resource for investors and traders seeking the latest updates and insights on FAT Brands stock.
FAT Brands Inc. (symbol: FAT) is a prominent global player in the restaurant franchising industry. The company specializes in developing, marketing, and acquiring diverse restaurant concepts on an international scale. With a portfolio that includes Fatburger, Buffalo’s Cafe, Buffalo's Express, and Ponderosa & Bonanza Steakhouse among others, FAT Brands operates over 300 locations worldwide.
The company's business model primarily revolves around franchising. FAT Brands generates revenue by charging franchisees initial franchise fees and ongoing royalties. Although the company generally does not own or operate the restaurant locations, it does directly own and operate some units for specific brands.
FAT Brands is dedicated to providing comprehensive support to its franchisees, thereby ensuring their success. Their in-house support teams – spanning operations, construction, purchasing, architecture & design, kitchen design, training, logistics, and marketing – bring a wealth of experience and dedication to the table. This allows franchisees to operate their businesses with a high degree of independence while still benefiting from the company's extensive resources.
The company’s strategically aligned restaurant concepts offer franchisees opportunities for sustained growth and diversification. This approach enables franchisees to develop within multiple brands and industry segments, thereby enriching their portfolio.
Some of the well-known brands under the FAT Brands umbrella include Round Table Pizza, Johnny Rockets, Twin Peaks, and Elevation Burger. The majority of FAT Brands' revenue is generated from the United States, with the rest coming from other countries.
Recent Achievements and News:
- FAT Brands Inc. has recently released its consolidated statements of operations, EBITDA, and adjusted EBITDA reconciliation.
- Notable partnerships and media engagements include representation by Erin Mandzik in media relations and investor relations.
- Ongoing projects include expansion into new geographical territories and enhancement of existing restaurant concepts.
FAT Brands Inc. continues to thrive by leveraging its multi-brand strategy and commitment to franchisee success, maintaining its position as a leading force in the global franchising market.
FAT Brands Inc. (NASDAQ: FAT) announces the opening of a new Johnny Rockets location at the Soaring Eagle Casino & Resort in Mount Pleasant, MI. The restaurant will serve their signature menu including made-to-order burgers, chicken sandwiches, hot dogs, fries, onion rings, and hand-spun shakes. Located on the casino's main floor, it will operate Sunday-Thursday 8AM-11PM and Friday-Saturday 8AM-2AM. This expansion marks continued growth in non-traditional spaces, particularly casinos, for the classic burger brand that started in 1986 and now has over 325 locations across 25+ countries.
FAT Brands Inc. (NASDAQ: FAT) announces that Twin Hospitality Group Inc., operating Twin Peaks and Smokey Bones restaurants, has priced new notes totaling $416,711,000 to refinance its whole business securitization credit facility. The notes, issued across four tranches with a 9.5% weighted average interest rate, represent a key milestone before Twin Hospitality Group's planned public listing. Twin Peaks, FAT Brands' fastest-growing concept, has opened nine new locations this year, reaching 115 total locations across the United States and Mexico.
FAT Brands announces the opening of its 10th Fatburger and Buffalo's Express location in Texas, situated in New Braunfels, San Antonio area. The company plans to expand with over 40 new locations across Texas in the coming years. The new restaurant will celebrate its grand opening on Nov. 17 with a promotion offering free Original Fatburgers for a year to the first 100 guests. The location will operate from 11:00 a.m. to 9:00 p.m. Sunday through Thursday, and 11:00 a.m. to 10:00 p.m. Friday and Saturday.
Hurricane Grill & Wings, owned by FAT Brands (NASDAQ: FAT), has opened its first theme park location at Six Flags Great Escape Lodge in Lake George. The new restaurant serves as the hotel's flagship dining option, featuring jumbo wings with over 30 signature sauces and rubs, along with diverse menu items including tacos, seafood, and burgers. The location includes an indoor-outdoor bar offering signature cocktails and draft beers. This opening represents a significant milestone for the brand, which currently operates almost 50 restaurants across the United States.
FAT Brands has announced that Twin Hospitality Group, which operates Twin Peaks and Smokey Bones restaurants, has filed a Form 10 Registration Statement with the SEC. The filing outlines plans to distribute approximately 5% of Twin Hospitality Group's Class A Common Stock to FAT Brands shareholders, with FAT Brands retaining 95% ownership. The company aims to list Twin Hospitality Group on Nasdaq as an independent publicly traded company by year-end. The transaction remains subject to various conditions, including SEC effectiveness, Nasdaq listing approval, and completion of refinancing.
FAT Brands has launched a new co-branded rewards app and loyalty program for Great American Cookies and Marble Slab Creamery. The app allows customers to earn points and rewards for both brands in one platform, featuring birthday rewards and point-based discounts. This launch follows the brands' co-branded online experience debut, strengthening their integrated customer experience strategy. The new system allows existing loyalty program users to transfer their points to the new app.
FAT Brands Inc. reported its Q3 2024 financial results, showing total revenue growth of 31.1% to $143.4 million. The company opened 22 new units during Q3, bringing year-to-date openings to 71. System-wide sales grew 6.4%, while year-to-date same-store sales declined 2.7%. The company reported a net loss of $44.8 million ($2.74 per diluted share). FAT Brands' portfolio now includes 18 concepts with over 2,300 locations across 40+ countries. The company has signed 225 development deals year-to-date and maintains a development pipeline of approximately 1,000 locations. Twin Peaks and Smokey Bones are being prepared for a potential IPO or alternative transaction.
FAT Brands (NASDAQ: FAT), a global franchising company with 18 restaurant brands and over 2,300 units worldwide, has announced its Q4 2024 cash dividend. The Board of Directors declared a dividend of $0.14 per share for both Class A and Class B common stock. The dividend will be paid on November 29, 2024 to stockholders of record as of November 15, 2024. The company notes that future dividend declarations and payments will depend on various factors including financial condition, capital levels, and cash requirements.
FAT Brands (NASDAQ: FAT), a global franchising company owning 18 restaurant brands including Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, and Fazoli's, has scheduled its Q3 2024 earnings conference call for October 30, 2024, at 5:00 PM ET. The financial results will be released via press release before the call. Andy Wiederhorn, Chairman, and Ken Kuick, Co-CEO and CFO, will host the call. Investors can join via phone or webcast through the corporate website, with replay available until November 20, 2024.
Fazoli's, America's favorite fast and fresh Italian chain, is celebrating National Breadstick Day with a special offer. From Oct. 25 to Oct. 27, customers can get six free breadsticks with any purchase at participating locations, using the code BREADSTICK6. This promotion is available both in-store and online.
Fazoli's, known for its fresh, buttery garlic breadsticks that are free with every entrée, has been serving Italian food for over 35 years. The chain prides itself on offering high-quality, affordable menu items, including unlimited breadsticks for dine-in customers.
Fazoli's is part of FAT Brands (NASDAQ: FAT), a global franchising company that owns 18 restaurant brands and over 2,300 units worldwide. Founded in 1988, Fazoli's now has over 200 restaurants in 26 states, making it the largest QSR Italian chain in America.
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