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.
Marble Slab Creamery, a FAT Brands franchise, has introduced a new Pumpkin Spice Latte ice cream for the fall season. Available from August 12 to October 31, 2024, this flavor combines real pumpkin, coffee, and cinnamon. Customers can customize their treat with unlimited mix-ins, including pie-inspired toppings and classic combinations.
Katie Thoms, Senior Director of Marketing, emphasized the brand's focus on trending flavors and the versatility of their new offering. Marble Slab Creamery, known for its frozen slab technique and homemade, small-batch ice cream, has been innovating in the ice cream industry for over 40 years. The company is part of FAT Brands, which owns 18 restaurant brands and operates over 2,300 units worldwide.
Great American Cookies, owned by FAT Brands (NASDAQ: FAT), is introducing two seasonal cookies: the new Caramel Churro and the returning Pumpkin Spice. Available from August 12 to October 31, 2024, these -time offerings aim to satisfy early fall cravings. The Caramel Churro cookie features caramel chips and cinnamon sugar crunch, while the Pumpkin Spice cookie combines pumpkin, brown sugar, cinnamon, vanilla, and white chocolate. Katie Thoms, Senior Director of Marketing, notes the growing popularity of fall flavors and churro profiles. Great American Cookies operates over 400 bakeries globally and is part of FAT Brands' portfolio of 18 restaurant brands with over 2,300 units worldwide.
FAT Brands Inc. (NASDAQ: FAT), a global restaurant franchising company, has partnered with DonationScout to enhance its Dine and Donate Fundraising Programs across its portfolio brands. This collaboration aims to streamline restaurant fundraising for operators and guests, reinforcing FAT Brands' commitment to community involvement.
The DonationScout platform offers features such as customizable web pages for events, online scheduling, marketing flyers, automated email and SMS enablement, and a performance dashboard. Pilot programs at Fatburger and Round Table Pizza have already shown promising results, exceeding DonationScout's average event sales.
This initiative aligns with FAT Brands' recent launch of its charitable arm, the FAT Brands Foundation, further emphasizing the company's dedication to creating a positive impact in the communities it serves.
Native Grill & Wings, part of FAT Brands (NASDAQ: FAT), is launching a wing-eating competition called Holmberg's "Handle the Heat" in collaboration with Arizona DJ and Radio Host Holmberg. The contest runs from Aug. 8 to Aug. 28 across Phoenix area locations, with a Championship round on Sept. 4.
To support the Arizona Humane Society, Native is introducing the Holmberg Special from Aug. 8 to Sept. 8, featuring 10 wings and a Stella Artois for $19.79, with $1 from each sale donated to the charity. This initiative aligns with Native's community-focused approach and FAT Brands' strategic expansion of fast casual and casual dining concepts globally.
Johnny Rockets, owned by FAT Brands Inc. (NASDAQ: FAT), is launching a new Dirt Cup Shake featuring TROLLI® SOUR BRITE CRAWLERS®. This -time offering, available from Aug. 6 to Dec. 31, 2024, combines a hand-spun Chocolate Shake with OREO® Cookie crumbles and tangy TROLLI® gummies. The shake aims to capitalize on the trend of nostalgic flavors in the fast-casual dining sector.
FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide. Johnny Rockets, founded in 1986, is known for its Certified Angus Beef® burgers, hand-spun shakes, and casual fun atmosphere across more than 250 locations in over 25 countries.
Native Grill & Wings, part of FAT Brands (NASDAQ: FAT), is launching a '3 for You' value deal from Aug. 5 through Sept. 30, 2024. Dine-in guests can enjoy chips and salsa, a choice of Native Burger or Native Chicken Sandwich with Fries, and a non-alcoholic beverage for $10.99. For an additional $2, customers can upgrade to a specialty burger or Deluxe Native Chicken Sandwich.
Ashley Montgomery, VP of Marketing, emphasized the deal's value and the quality of their hand-crafted burgers and sandwiches. This promotion aims to offer a full meal experience at an unbeatable price for an extended period, showcasing Native Grill & Wings' menu beyond their award-winning wings.
Marble Slab Creamery, a FAT Brands (NASDAQ: FAT) franchise, is launching a Back to School Happy Hour promotion from August 5-18, 2024. Participating stores will offer a free small Ice Cream cup with the purchase of a small, regular, or best value Ice Cream Cup daily from 4:00-6:00 p.m. This promotion aims to celebrate the new school year and attract families.
Marble Slab Creamery, known for its frozen slab technique and small-batch ice cream with free unlimited Mix-Ins, has been innovating in the ice cream industry for over 40 years. The brand is part of FAT Brands, a global franchising company that owns 18 restaurant brands and operates over 2,300 units worldwide.
Great American Cookies, a franchise under FAT Brands (NASDAQ: FAT), is offering a special deal for National Chocolate Chip Cookie Day on August 4, 2024. Customers can buy one Original Chocolate Chip Cookie Cake slice and get one free at participating locations. This promotion celebrates the brand's signature product, which has been part of their offerings since 1977.
Great American Cookies, known for its Original Cookie Cake, operates over 400 bakeries worldwide. The company emphasizes its commitment to providing simple, delightful treats and sees this promotion as an opportunity to introduce more customers to their signature item. FAT Brands, the parent company, owns 18 restaurant brands and franchises over 2,300 units globally.
FAT Brands Inc. (NASDAQ: FAT) reported its fiscal second quarter 2024 financial results, showing significant growth and expansion. Key highlights include:
- Total revenue increased 42.4% to $152.0 million
- System-wide sales growth of 8.6%
- 24 new store openings in Q2, with 45 year-to-date
- Over 180 development deals signed year-to-date
- Pipeline of approximately 1,100 locations
However, the company also reported a net loss of $39.4 million, or $2.43 per diluted share. Adjusted EBITDA was $15.7 million, down from $23.1 million in Q2 2023. The company continues to focus on expanding its portfolio, particularly the Twin Peaks brand, and creating value through organic growth and strategic acquisitions.
FAT Brands Inc. (NASDAQ: FAT), a leading global franchising company, has announced it will host a conference call to review its second quarter 2024 financial results on Wednesday, July 31, 2024 at 5:00 PM ET. The company, which owns iconic brands like Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, and Fazoli's, will issue a press release with the financial results prior to the call. Andy Wiederhorn, Chairman, and Ken Kuick, Co-Chief Executive Officer and Chief Financial Officer, will host the call.
Investors can access the call by dialing 1-844-826-3035 from the U.S. or 1-412-317-5195 internationally. A replay will be available until August 31, 2024. The call will also be webcast live on the company's website at www.fatbrands.com under the "Investors" section, with a replay available shortly after.
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