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. has announced the opening of two new Johnny Rockets locations in Brazil and Chile, expanding its presence in South America. CEO Andy Wiederhorn highlighted the strong demand for their offerings as a reason for the expansion. The new locations are situated in São José, Brazil, and Patio Copiapo, Chile, with the latter focusing on delivery and takeout. Since its inception in 1986, Johnny Rockets has established a global presence with over 325 locations in 26 countries. The brand is known for its classic American fare and excellent guest experience.
FAT Brands reported Q4 and full-year 2020 financial results, highlighting a 24% revenue increase to $6.5 million compared to Q4 2019. However, excluding Johnny Rockets, revenue declined 19%. The company faced a net loss of $7.7 million or $0.64 per share, significantly worse than the $1.0 million loss in Q4 2019. System-wide sales growth was notable at 46.0% quarter-over-quarter, with 29 new franchised store openings. The company plans further acquisitions and expansion, leveraging its whole business securitization facility.
FAT Brands Inc. (NASDAQ: FAT) will host a conference call on March 25, 2021, at 5:00 PM ET to discuss its fourth quarter and full year 2020 financial results. The call will be accessible via phone and webcast, with details available on its corporate website. President and CEO Andy Wiederhorn, along with CFO Rebecca D. Hershinger, will lead the discussion. FAT Brands is a global franchising company that operates nine restaurant brands, including Fatburger and Johnny Rockets, with over 675 units globally.
FAT Brands Inc. (NASDAQ: FAT), the parent company of popular restaurant chains like Fatburger and Johnny Rockets, will participate in the 33rd Annual Roth Conference. CEO Andy Wiederhorn is set to host virtual investor meetings on March 17, 2021. The company, which franchises over 675 units worldwide, focuses on acquiring and developing fast casual and casual dining concepts.
FAT Brands is expanding its global reach by announcing a multi-unit development agreement to open five Fatburger and Buffalo’s Express locations in the Democratic Republic of Congo. This strategic move follows their earlier successes in Tunisia and Egypt. CEO Andy Wiederhorn emphasized the rising demand for fast casual dining in Africa. The brand is renowned for its customizable burgers and wings, featuring a diverse menu that includes fries and milkshakes.
With nine restaurant brands and over 675 units globally, FAT Brands aims to capitalize on the growing consumer interest in fast casual food.
FAT Brands Inc. has announced the opening of two new co-branded locations for Fatburger and Buffalo’s Express in Ehrenberg, AZ, and Ladera Heights, CA, signaling their aggressive growth plans for 2021. CEO Andy Wiederhorn emphasized the strategic choice of locations based on existing fanbases and potential in new markets. The Ehrenberg site is expected to attract customers with its 10 am to 10 pm operation, while the Ladera Heights location will serve diners from 11 am to midnight. This expansion is part of FAT Brands' broader strategy to enhance their restaurant footprint.
On January 19, 2021, FAT Brands announced the launch of online ordering with delivery services across its restaurant brands, including Fatburger, Buffalo’s Cafe, and Hurricane Grill & Wings. CEO Andy Wiederhorn emphasized the importance of digital experiences in food ordering, aiming to enhance customer convenience and franchisee profits. To promote this initiative, select locations will offer special promotions, such as free delivery and complimentary Red Bulls with online orders, from January 18 to February 14. FAT Brands owns nine restaurant concepts and franchises over 675 units worldwide.
FAT Brands has introduced a new vegetarian wing offering called Chick’n Vings, made with Quorn Vegetarian Meatless Wings, aiming to cater to diverse dietary preferences. This launch reflects the increasing demand for inclusive options in comfort food, as emphasized by CEO Andy Wiederhorn. The Chick’n Vings will be available at all domestic Fatburger and Buffalo’s Express locations, served plain or with one of 13 sauces. The initiative underscores FAT Brands' commitment to sustainability and broadening its customer base.
FAT Brands Inc. (NASDAQ: FAT) will participate in the 2021 Annual ICR Conference with a presentation by President & CEO, Andy Wiederhorn, scheduled for January 12, 2021, at 2:30 p.m. EST. The virtual event will last 25-30 minutes and include a Q&A session. FAT Brands owns and operates nine restaurant brands, including Fatburger and Johnny Rockets, and franchises over 675 units globally. Investors can register for the conference through the provided link for access to the presentation.
FAT Brands Inc. announces the opening of new Johnny Rockets locations in Brazil, Chile, Italy, Peru, and Spain, marking a strategic expansion of its international footprint. The CEO, Andy Wiederhorn, expressed optimism about the expected success of these openings following the acquisition of Johnny Rockets. The new sites include multiple ghost kitchens and established restaurant locations, enhancing the brand's global presence and culinary offerings.
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