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. announces the opening of a new Johnny Rockets restaurant in Abu Dhabi, UAE, marking an expansion milestone with franchise partner Kitopi. This location is part of a larger agreement for 136 brick-and-mortar and 70 ghost kitchen outlets across the Middle East. The first Johnny Rockets opened in 1986 and has grown to over 325 locations globally.
The Abu Dhabi restaurant is part of a strategic push into the Middle Eastern market following the partnership with Kitopi established in 2021. The restaurant will serve classic American meals, including burgers, fries, and shakes. Continued expansion is planned, including another Johnny Rockets opening in Dubai soon.
FAT Brands Inc., the parent company of Johnny Rockets, is expanding its international presence with a new location at Kempegowda International Airport in Bengaluru, India. This restaurant, part of a partnership with HMSHost, will serve classic American fare such as made-to-order burgers and hand-spun shakes. According to COO Jake Berchtold, this expansion into non-traditional venues reflects a significant growth strategy for the brand. The new outlet is positioned to cater to the rising demand in the air travel sector, particularly with the recent opening of Terminal 2 at Bengaluru Airport. Operating hours for the new location will be from 2 a.m. to 12 a.m. daily. This marks another step in Johnny Rockets’ commitment to delivering quality dining experiences in diverse locations worldwide.
FAT Brands is set to celebrate the grand reopening of its iconic Hot Dog on a Stick location at Muscle Beach on April 22, 2023. The event marks the brand's anniversary, having originally opened in 1946. Between 2:00 p.m. and 4:00 p.m., attendees can enjoy free small Original Lemonades and participate in lemon stomping activities. The celebration also welcomes former employees, known as 'Hotdoggers', and offers giveaways including exclusive merchandise. FAT Brands, recognized for its diverse portfolio of more than 17 restaurant brands, emphasizes the cultural significance of Hot Dog on a Stick in American food history. The event, supported by partners Limoneira and HEINZ, represents a strategic marketing push to strengthen customer engagement and brand loyalty.
FAT Brands Inc. (NASDAQ: FAT) has announced a cash dividend of $0.14 per share for the second quarter of fiscal 2023, payable on June 1, 2023, to shareholders on record by May 15, 2023. The declaration of future dividends is subject to the discretion of the Board of Directors, dependent on the company’s financial performance and operational needs. FAT Brands operates a diverse portfolio of restaurant franchises, including iconic brands such as Round Table Pizza and Fatburger, with over 2,300 units worldwide. Shareholders should be aware that future dividend payments are not guaranteed and may vary based on the company's performance.
Great American Cookies is celebrating Tax Day with a special promotion on April 18, 2023. Customers can enjoy a buy one, get one free offer on their Cookie Cake Slices at participating locations. This initiative aims to provide a sweet relief on a typically stressful day, featuring the beloved Chocolate Chip Cookie Cake. The company, known for its Original Cookie Cake, emphasizes customer appreciation with this special deal.
FAT Brands, the parent company of Great American Cookies, operates over 2,300 restaurant units globally and continues to expand its franchise portfolio. The promotion aligns with their strategy to enhance customer engagement and drive store traffic.
FAT Brands has announced the launch of new cookie offerings at Elevation Burger, including fresh-baked Chocolate Chip Cookies and Chocolate Chip Cookie Ice Cream Sandwiches. This expansion aims to enhance Elevation Burger's dessert menu and leverage synergies from FAT Brands' cookie dough manufacturing facility in Georgia. The initiative is part of a growth strategy that emphasizes collaboration among the various brands under FAT Brands' umbrella. Taylor Fischer, Vice President of Marketing, highlighted the importance of this collaboration for both Elevation Burger and FAT Brands.
FAT Brands has announced a development deal to open 20 new franchised Johnny Rockets locations in Mexico over the next 10 years, complementing the 25 existing units. This partnership with Virko Restaurantes S.A. de C.V. aims to enhance the brand's iconic presence, known for its all-American dishes like burgers and shakes. Chief Development Officer Taylor Wiederhorn highlighted the brand's success in Mexico since its launch in 1991, noting travelers’ enthusiasm for Johnny Rockets in airports. The expansion reflects FAT's broader strategy, with over 2,300 units globally across 17 restaurant brands.
FAT Brands Inc. announced the formation of the FAT Brands Foundation, a 501(c)(3) charitable organization, aimed at enhancing community engagement in areas where the company operates. Launched with a $250,000 initial donation, the foundation seeks to partner with local non-profits to deliver programs that benefit families and communities. Jessica Wiederhorn, President of the Foundation, emphasized the company's commitment to giving back and fostering positive impacts in local markets. The foundation's mission is to effectively support various community needs through dedicated efforts and ongoing assistance from FAT Brands.
Pretzelmaker has opened its first drive-thru location in Mason City, IA, partnering with franchisee Mark Frandle. This new venture offers an all-day menu featuring items like Pretzel Bites, breakfast sandwiches on pretzel rolls, and Pretzel Flatbread Pizzas.
The Fresh Twist brand was launched in 2018 to meet the demand for breakfast and late-night options. The drive-thru format is expected to enhance accessibility for on-the-go customers.
Located at 1620 S. Federal Avenue, the new restaurant operates Monday-Saturday, 10 AM to 7 PM, and Sunday, 11 AM to 5 PM.
FAQ
What is the current stock price of FAT Brands (FAT)?
What is the market cap of FAT Brands (FAT)?
What does FAT Brands Inc. do?
Which restaurant brands are under FAT Brands?
How does FAT Brands generate revenue?
Where does most of FAT Brands' revenue come from?
How many locations does FAT Brands operate?
What support does FAT Brands provide to its franchisees?
What recent achievements has FAT Brands announced?
Who handles media relations for FAT Brands?
What is the strategy behind FAT Brands' restaurant concepts?
What ongoing projects is FAT Brands involved in?
