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, 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.
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.
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