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.
Great American Cookies, part of FAT Brands, has partnered with The Lumistella Company to launch a limited-edition Elf on the Shelf Cookie Cake, available until December 24. This festive treat features choices like the Original Chocolate Chip Cookie and customizable icing. The introduction aligns with Scout Elf Return Week, starting November 24, marking the arrival of Scout Elves from the North Pole. Katie Thoms, marketing director, expressed excitement about celebrating the Elf tradition with this special cake.
FAT Brands (NASDAQ: FAT) announced its participation in the 11th Annual Discovery One-on-One Investor Conference on December 1, 2022, hosted by the Benchmark Company at the New York Athletic Club. The event will facilitate one-on-one meetings with institutional investors, providing an opportunity to engage with emerging growth companies. FAT Brands, a global franchising leader, manages 17 restaurant brands, including Fatburger and Round Table Pizza, and operates over 2,300 units worldwide.
FAT Brands announces the hiring of Jeremy Theisen as its first Chief Growth Officer, aiming to enhance the company's growth trajectory. Theisen brings over 20 years of experience in revenue generation within the restaurant sector, most notably increasing PathSpot's revenue by 15 times in two years. The decision aligns with FAT's strategy of expanding its franchise network and development pipeline. CEO Andy Wiederhorn emphasizes the company’s record-breaking growth and the importance of both acquisitions and organic development.
FAT Brands Inc. (NASDAQ: FAT) will participate in the Sequire Virtual Restaurants & Foodservice Conference on Nov. 17, 2022. CEO Andy Wiederhorn is scheduled to present at 11:00 a.m. ET. The restaurant industry is projected to generate $898 billion in sales this year. This virtual event will feature numerous restaurant and foodservice companies, including 25-minute presentations and notable keynotes. FAT Brands owns and operates 17 restaurant brands, with over 2,300 units worldwide. For more details, visit www.fatbrands.com.
FAT Brands Inc. (Nasdaq: FAT) has withdrawn its proposed registered public offering of Class A Common Stock due to unfavorable market conditions. CEO Andy Wiederhorn stated that while there was significant interest, the terms available were not attractive enough to proceed. The company will continue to monitor the market for future opportunities. FAT Brands operates 17 restaurant brands with over 2,300 units worldwide, emphasizing its focus on franchising and global expansion.
FAT Brands Inc. (Nasdaq: FAT, FATBP, FATBW) announced its intention to conduct an underwritten public offering of Class A Common Stock, with all shares to be sold by the company. The offering will also include a 45-day option for underwriters to purchase an additional 15% of the shares for over-allotments. The offering is subject to market conditions, and details will be outlined in a preliminary prospectus supplement to be filed with the SEC. ThinkEquity is the sole book-running manager for this offering.
FAT Brands Inc. announces a strategic partnership with Brame Holdings LLC to open 80 new franchised locations in Texas over the next decade. The expansion includes 40 Round Table Pizza and 40 co-branded Fatburger and Buffalo’s Express locations, starting in 2023. This initiative aims to meet the rising demand for quality pizza, burgers, and wings in the region. The company emphasizes Texas as a key growth market, with existing success noted in the Dallas area.
FAT Brands has unveiled a refreshed look for its iconic Hot Dog on a Stick location at Muscle Beach, Santa Monica, marking a significant milestone in its 75-year history. The updated venue will officially reopen in April 2023, coinciding with the anniversary of the brand founded in 1946. This renovation aims to enhance customer experience while preserving the nostalgic essence of the original site. Hot Dog on a Stick continues to thrive, offering signature products like hand-stomped lemonade and made-to-order hot dogs, alongside a friendly service environment.
FAT Brands Inc. (NASDAQ: FAT) announced a cash dividend of $0.14 per share for its fiscal 2022 fourth quarter, payable on December 1, 2022, to shareholders of record as of November 15, 2022. This dividend, applicable to Class A and Class B common stock, reflects the company's ongoing commitment to returning value to its shareholders. However, the declaration of future dividends will depend on various factors including operational results and financial stability.
FAT Brands Inc. announced the opening of 100 new franchised locations in 2022, marking its first year surpassing 100 openings since its inception in 2017. The company plans to add approximately 25 more locations by year-end, with a focus on organic expansion following strategic acquisitions in 2021. Notable new locations include openings in Mexico and the Democratic Republic of Congo. CEO Andy Wiederhorn highlighted a development pipeline of over 1,000 units, showcasing the strong appeal of their restaurant brands.
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