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. (FAT) is a global leader in multi-brand restaurant franchising, operating concepts across quick service, fast casual, and casual dining segments. This page serves as the definitive source for corporate news and official updates about the company's franchising strategies, financial performance, and brand portfolio developments.
Investors and industry professionals will find curated press releases covering earnings announcements, strategic acquisitions, leadership updates, and partnership initiatives. All content is sourced directly from FAT Brands' corporate communications to ensure accuracy and timeliness.
The news collection includes updates on franchise expansion efforts, operational support programs for licensees, and market-specific adaptations across the company's global network. Regular updates provide insights into how FAT Brands maintains its competitive position through integrated brand management and franchisor support systems.
Bookmark this page for streamlined access to essential updates about FAT Brands' business operations, financial disclosures, and corporate strategy within the restaurant franchising sector.
FAT Brands has reported a strong finish to 2021, achieving 20 consecutive months of positive same-store sales growth. In December 2021, systemwide sales increased 21.7% year-over-year, with drive-thru sales contributing 49% to total revenue. The company reached a milestone of 1 million app users and plans to open 20 new locations in 2022, with an ambitious target of 40 new franchisees. Despite past challenges, Fazoli’s is poised for continued growth through value-driven offerings and culinary innovations.
FAT Brands has partnered with Sparkfly to enhance Round Table Pizza's customer engagement through a digital modernization initiative. This collaboration aims to integrate POS systems, mobile app ordering, and personalized rewards for over 450 locations across several states, including California and Nevada. Sparkfly's platform will streamline customer interactions and data management, enabling real-time rewards and reducing cart abandonment. The initiative seeks to strengthen brand loyalty and drive revenue growth, highlighting the importance of modern digital solutions in the fast-food sector.
FAT Brands Inc. (NASDAQ: FAT) has declared a cash dividend of $0.13 per share for the first quarter of fiscal 2022, payable on March 1, 2022, to shareholders on record as of February 15, 2022. This dividend will apply to both Class A and Class B common stock. The continuation of future dividends remains at the discretion of the Board of Directors and hinges on the company's operational performance and financial health.
FAT Brands, parent of Twin Peaks, announced strong growth in 2021, ranking in the top five of casual dining sales. The company executed a significant franchise agreement for 10 stores in Philadelphia and 32 locations in Mexico, reinforcing its expansion strategy. Twin Peaks opened 11 new locations across various states. The brand introduced innovative menu items and a virtual chicken concept, Good as Cluck, to enhance off-premise sales. Recognized by industry awards, Twin Peaks aims to solidify its status as a top casual dining destination.
FAT Brands Inc. (NASDAQ: FAT) announced its virtual participation in the Jefferies Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit on January 25, 2022, at 2:30 pm ET. CEO Andy Wiederhorn will host the presentation, which will be available via live webcast and replay for 30 days. FAT Brands, a global franchising company, owns 17 restaurant brands, including Fatburger and Johnny Rockets, and franchises over 2,300 units worldwide.
FAT Brands has opened three new Johnny Rockets locations in Brazil and Chile, expanding its presence in South America. The new sites include two in Brazil and one in Chile, enhancing the brand's international reach. This expansion aligns with FAT Brands' strategy to grow the iconic all-American diner franchise since its acquisition. The locations offer a classic dining atmosphere and high-quality menu items, serving both dine-in and delivery customers.
FAT Brands announced a major expansion into Florida with a 10-store franchise deal in Orlando, set to open over the next six years. This agreement, in partnership with Whole Factor Inc., aims to enhance the presence of both Fatburger and Buffalo’s Express in the region, following a previously announced 25-store development in Illinois. CEO Andy Wiederhorn highlighted the potential for these brands to attract both locals and tourists. The chain has a legacy of custom-made burgers and famous wings, appealing to a diverse customer base.
FAT Brands Inc. (NASDAQ: FAT) will participate virtually in the 2022 ICR Conference on January 10, 2022, at 9:00 am ET. The company's President and CEO, Andy Wiederhorn, will host a presentation aimed at institutional investors. The event will be webcast live and available for replay for 90 days. Interested investors can schedule 1x1 meetings through the ICR Conference website. FAT Brands operates 17 restaurant brands globally, including Fatburger and Johnny Rockets, and franchises over 2,300 units worldwide.
FAT Brands (NASDAQ: FAT) announced the completion of its $20 million acquisition of Native Grill & Wings from Wingtime, LLC. This acquisition enhances FAT Brands' presence in the chicken wing market, bringing its total to over 2,300 franchised and corporate stores with system-wide sales of approximately $2.2 billion. Previously this year, FAT Brands successfully acquired Fazoli’s, Twin Peaks, and Global Franchise Group, underscoring its aggressive expansion strategy in the dining sector.
FAT Brands has completed the acquisition of Fazoli's for $130 million, entering the Italian quick-service dining space. With over 200 locations and a goal of 100 new units over the coming years, the acquisition boosts FAT's total stores to approximately 2,300. This strategic move is expected to drive 2022 systemwide sales to exceed $2.2 billion. Both companies show optimistic growth forecasts, with Fazoli's having a record-setting sales year and plans to expand internationally.
