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. reported a remarkable year of growth, opening 142 new stores in 2022 and adding 362 stores to its development pipeline across 29 states and 17 countries. The company’s concepts led the expansion, with Fatburger and Buffalo’s Express contributing 86 stores, followed by Fazoli’s with 61, and Round Table Pizza with 56. Strategic agreements included 80 stores for Fatburger in Texas and a 32-store deal for Twin Peaks in Mexico. FAT Brands aims to open 175 new locations in 2023, capitalizing on its strong franchisee interest and a robust portfolio of popular restaurant brands.
FAT Brands Inc. (NASDAQ: FAT) CEO Andy Wiederhorn discusses the company's growth strategy in Episode 59 of ICR's 'Welcome to the Arena' podcast. FAT Brands, known for franchises like Fatburger and Johnny Rockets, has seen rapid expansion and aims to capitalize on market opportunities in the coming years. The podcast, which features influential industry leaders, provides insights into FAT Brands' operational strategies and future direction.
FAT Brands has announced the opening of its first Great American Cookies location in New Mexico, situated in Albuquerque. The store features a variety of treats, including Custom Cookie Cakes and chocolate chip cookies, appealing to both local residents and fans of the brand. President Jenn Johnston emphasized the excitement surrounding the launch, noting the positive community reception. Great American Cookies has a rich history dating back to 1977, known for its Original Cookie Cake and signature recipes. The Albuquerque location will operate daily, offering a warm community space for cookie lovers.
FAT Brands announces a development agreement with franchisee Jorge Rodriguez Lockwood to open five Fazoli’s locations in Puerto Rico over the next six years, marking its first foray into the market. The first location is set to debut in late 2023, capitalizing on the growing demand for quick-service restaurants in the region. Fazoli’s, known for its premium Italian cuisine, has been recognized for its quality and safety standards, including accolades from FastCasual and the American Business Awards.
FAT Brands Inc. (NASDAQ: FAT) has declared a cash dividend of $0.14 per share on Class A and Class B common stock for the first quarter of fiscal 2023. This dividend is payable on March 1, 2023, to shareholders on record by February 15, 2023. The future declaration of dividends will depend on the company’s financial condition, operational results, and cash needs.
FAT Brands Inc. (NASDAQ: FAT) announced its participation in the 2023 ICR Conference, where CEO Andy Wiederhorn and Executive Chairman Jim Neuhauser will host a fireside chat on January 9, 2023, at 4:00 PM ET. Institutional investors can schedule 1x1 meetings with the management team. The chat will be webcast live and available for replay for 90 days on the FAT Brands Investor Relations website. FAT Brands is a global franchising company with 17 restaurant brands and over 2,300 units worldwide.
FAT Brands Inc, parent company of Fazoli’s, has announced two franchise agreements to open locations in Denton, Texas, and Shreveport, Louisiana by the end of 2023. These openings mark Fazoli's debut in the Dallas-Fort Worth area and Louisiana. The company is aiming for a record-breaking 15 new openings in 2023. Fazoli’s, known for its premium Italian cuisine, operates nearly 220 restaurants across 27 states and has received several industry accolades for its quality and safety standards.
FAT Brands has opened a new tri-branded restaurant in Valley Village, Los Angeles, combining Fatburger, Buffalo’s Express, and Hot Dog on a Stick. This strategic move expands their co-branding model that has seen success since 2013. The location features a diverse menu including burgers, chicken wings, and hot dogs. Operating hours are from 10 a.m. to 11 p.m. daily. FAT Brands, which owns 17 restaurant brands, aims to provide customers with a unique dining experience.
Great American Cookies, part of FAT Brands, is celebrating National Cookie Day on Dec. 4 with special rewards for loyalty members, including free cookies and buy one, get one free offers available until Dec. 11. The holiday season also brings a range of festive cookie options such as Mint Cookies & Cream and Red Velvet Stuffed Cookies. This initiative aims to enhance customer engagement and drive sales during the holiday period.
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