STOCK TITAN

FAT Brands Inc. - FAT STOCK NEWS

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.

Rhea-AI Summary
FAT (Fresh. Authentic. Tasty.) Brands Inc. Announces Expansion of Fatburger Franchises in Hidalgo County, Texas. The parent company of Fatburger and 17 other restaurant concepts reveals a new development deal to bring six additional franchised Fatburger locations to the area in the next five years. This expansion comes after the recent opening of the first co-branded Fatburger and Round Table Pizza restaurant in Lantana, Texas. The Chief Development Officer of FAT Brands, Taylor Wiederhorn, expressed the brand's continuous expansion in Texas with a pipeline of approximately 50 restaurants to be built in the state alone. The company looks forward to adding six more restaurants to the existing development pipeline in Texas with further growth near the southern border.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.75%
Tags
none
-
Rhea-AI Summary
FAT Brands Inc. - Smokey Bones Introduces Festive Holiday Menu and Jolly Libations for All-Day Happy Hour. The press release announces Smokey Bones' introduction of a festive holiday menu and Jolly Libations cocktail lineup to celebrate the joyous season. The limited-time holiday menu features new menu items, including the Surf & Turf and Turtle Cheesecake, and a selection of holiday cocktails such as Jack Frost’Rita, Santa Clausmopolitan, and The Grinch Who Stole Tito’s. Additionally, Smokey Bones is launching an All Day, Every Day Happy Hour with food specials available at $5, $6, or $7, and alcoholic offerings for guests 21 years and older. The holiday menu and Jolly Libations will be available at all Smokey Bones locations until January 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
Tags
none
-
Rhea-AI Summary
FAT Brands: Smokey Bones Offers Free Veterans Day Combo for Military Personnel, Partners with Robert Irvine Foundation. Active and retired military personnel can enjoy a free Create Your Own Combo at Smokey Bones locations on Nov. 11, 2023, with valid military ID. The offer includes one protein and two regular sides. Smokey Bones also introduces Robert's Ribfeast menu item to support The Robert Irvine Foundation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
Tags
none
Rhea-AI Summary
Great American Cookies and Marble Slab Creamery are introducing Red Velvet Hot Cocoa treats for the holiday season. Available from Nov. 6 to Dec. 31, guests can enjoy Red Velvet Hot Cocoa Cookies, Red Velvet Hot Cocoa Ice Cream, Red Velvet Hot Cocoa Shake, and Ice Cream Cookie Sandwiches at co-branded locations. The new flavors offer a seasonal twist on classic favorites, bringing warmth and joy to the holiday season.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
Tags
none
-
Rhea-AI Summary
World-class culinary personality and philanthropist, Chef Robert Irvine, joins the Masters of Meat to introduce a limited-time menu, Robert’s Ribfeast, at Smokey Bones. The menu will benefit the Robert Irvine Foundation, with Smokey Bones committing to donate 10% of sales, up to $100,000. The promotion includes two options: Robert’s Ribfeast for One priced at $19.99 and Ribfeast for Two priced at $29.99. The menu will be available at all Smokey Bones locations until January 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.59%
Tags
partnership
-
Rhea-AI Summary
FAT Brands reported financial results for Q3 2023, with total revenue increasing by 6.0% to $109.4 million. The company has grown its portfolio to 18 restaurant brands with annualized system-wide sales of $2.4 billion. They have opened 96 restaurants year-to-date and are on track to open 150 new restaurants in 2023. FAT Brands has signed over 200 development agreements, bringing their total pipeline to over 1,100 units.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.26%
Tags
Rhea-AI Summary
Fazoli's is celebrating National Breadstick Day on Oct. 27 by giving away six complimentary breadsticks with any purchase. Customers can redeem the offer in-restaurant with the Fazoli's app or online/in-app with the code BREADSTICKS23. Fazoli's has been serving quality Italian food since 1988.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.88%
Tags
none
-
Rhea-AI Summary
FAT Brands Inc. has opened its first-ever co-branded Fatburger and Round Table Pizza location in Dallas. The 3,500 sq. foot restaurant offers a full-service, full-bar casual dining experience. It is the first of four co-branded locations planned for the greater Dallas area.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
none
-
Rhea-AI Summary
FAT Brands Inc. will host a conference call to review its third quarter 2023 financial results on October 26, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.04%
Tags
News
Rhea-AI Summary
Original Pretzel Bite Franchise Expands Canadian Footprint
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
none

FAQ

What is the current stock price of FAT Brands (FAT)?

The current stock price of FAT Brands (FAT) is $5.32 as of November 22, 2024.

What is the market cap of FAT Brands (FAT)?

The market cap of FAT Brands (FAT) is approximately 91.2M.

What does FAT Brands Inc. do?

FAT Brands Inc. is a global restaurant franchising company that develops, markets, and acquires diverse restaurant concepts worldwide.

Which restaurant brands are under FAT Brands?

The company's portfolio includes Fatburger, Buffalo’s Cafe, Buffalo's Express, Ponderosa & Bonanza Steakhouse, Round Table Pizza, Johnny Rockets, Twin Peaks, and Elevation Burger.

How does FAT Brands generate revenue?

FAT Brands generates revenue primarily by charging franchisees initial franchise fees and ongoing royalties. The company also directly owns and operates some restaurant locations for certain brands.

Where does most of FAT Brands' revenue come from?

The majority of FAT Brands' revenue is generated from the United States, with the rest coming from other international locations.

How many locations does FAT Brands operate?

FAT Brands operates over 300 restaurant locations worldwide.

What support does FAT Brands provide to its franchisees?

FAT Brands offers extensive in-house support teams across operations, construction, purchasing, architecture & design, kitchen design, training, logistics, and marketing to help franchisees achieve their goals.

What recent achievements has FAT Brands announced?

Recent achievements include the release of consolidated statements of operations, EBITDA, and adjusted EBITDA reconciliation.

Who handles media relations for FAT Brands?

Erin Mandzik manages media relations for FAT Brands.

What is the strategy behind FAT Brands' restaurant concepts?

FAT Brands aims to provide franchisees with opportunities for growth and diversification by offering strategically aligned, complementary restaurant concepts.

What ongoing projects is FAT Brands involved in?

Ongoing projects include geographic expansion and enhancement of existing restaurant concepts.

FAT Brands Inc.

Nasdaq:FAT

FAT Rankings

FAT Stock Data

91.18M
5.09M
70.58%
8.13%
0.46%
Restaurants
Retail-eating Places
Link
United States of America
BEVERLY HILLS