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 announces the opening of a co-branded Fatburger and Buffalo’s Express in Greenbrier, Arkansas. This marks the brand's expansion into a new state, following successful openings in Alabama, Louisiana, and Texas. CEO Andy Wiederhorn highlighted strong sales performance in the South, reinforcing the popularity of the co-branded concept. The location will serve a variety of menu items, including customized burgers and wings, and will operate from 10:30 a.m. to 10 p.m. on weekdays and 10:30 a.m. to 11 p.m. on weekends. For more details, visit www.fatburger.com.
FAT Brands (NASDAQ: FAT) has agreed to acquire Native Grill & Wings for $20 million, enhancing its portfolio with a popular chicken wing chain. This marks FAT Brands' third wing concept and is projected to increase post-COVID normalized EBITDA by approximately $3 million in 2022. Following this acquisition, FAT Brands will operate over 2,300 locations with annual system-wide sales of around $2.3 billion. The deal is expected to close in mid-December 2021, funded through new notes from the Company’s securitization facilities.
FAT Brands has appointed Justin Nedelman as its first Chief Real Estate Officer. Nedelman brings extensive real estate expertise from his tenure as CEO of Eureka Restaurant Group, where he expanded the business significantly. Tasked with overseeing FAT Brands' real estate portfolio of over 2,100 restaurants, he aims to support existing franchisees and enhance growth across 15 restaurant concepts. CEO Andy Wiederhorn highlighted Nedelman's experience in retail real estate finance as pivotal for the company, which has made over $900 million in acquisitions since September 2020.
FAT Brands Inc. announced a significant expansion into Illinois, partnering with A.D.T.J. Development LLC to open 25 Fatburger and Buffalo’s Express locations over the next eight years. The initiative marks FAT Brands' largest presence in Illinois, targeting the vibrant Chicago market. CEO Andy Wiederhorn highlighted the excitement around establishing a foothold in the Midwest, aiming to deliver a unique dining experience with customized burgers and wings. This expansion reflects the company's strategy to enhance its franchise portfolio and cater to diverse audiences.
FAT Brands Inc. (NASDAQ: FAT) has declared a cash dividend of $0.13 per share for the fourth quarter of fiscal 2021. This dividend applies to both Class A and Class B common stock, with a payment date set for December 1, 2021. Shareholders on record by the close of business on November 17, 2021 will receive the dividend. Future dividends will depend on the company’s financial condition and results. FAT Brands operates well-known restaurant chains like Fatburger and Round Table Pizza, boasting over 2,000 franchise units globally.
FAT Brands reported fiscal Q3 2021 financial results, revealing total revenue of $29.8 million, up 628% from $4.1 million in Q3 2020. The company closed its third acquisition in a year, Twin Peaks, for $300 million, expanding its restaurant portfolio significantly. System-wide same-store sales grew 16.2% year-over-year, with a 7% increase in domestic locations. However, there was a net loss of $3.6 million per diluted share. The company plans to acquire Fazoli's for $130 million, expected to add $14.5-$15 million to EBITDA in 2022.
FAT Brands Inc. (NASDAQ: FAT) announced its acquisition of Fazoli’s, the largest premium QSR Italian chain in the U.S., for $130 million. This strategic move, funded through new notes from securitization facilities, is set to close by mid-December 2021. With over 200 Fazoli’s locations and a pipeline for 100 additional units, FAT Brands anticipates a significant expansion, aiming for more than $2.1 billion in system-wide sales by 2022. The acquisition is expected to boost normalized EBITDA by approximately $14.5 to $15 million in 2022.
FAT Brands Inc. (NASDAQ: FAT) will host a conference call on November 4, 2021, at 5:00 PM ET to discuss its third quarter 2021 financial results. A press release detailing these results will be issued before the call. The call can be accessed via phone or webcast. FAT Brands, which owns multiple restaurant concepts including Fatburger and Round Table Pizza, continues to expand its franchise portfolio globally.
Twin Peaks has partnered with University of Nebraska linebacker Damian Jackson, a former Navy Seal, for its first NCAA sponsorship. The collaboration focuses on raising funds for Folds of Honor, which provides educational scholarships to families of fallen and disabled service members. For every touchdown scored by Nebraska this season, Twin Peaks will donate $100, aiming for a total of $5,000. CEO Joe Hummel praised Jackson's unique journey from the military to football, emphasizing the brand's commitment to honoring military families while enhancing the gameday experience.
FAT Brands announces the appointment of Kenneth J. Anderson to its board of directors on October 25, 2021. Anderson brings over 35 years of financial expertise, focusing on strategic planning for high-net-worth family groups. He has experience from various roles, including CEO of Cedar Tree Capital and Director at Aspiriant. CEO Andy Wiederhorn expressed confidence in Anderson's unique skills to support FAT Brands' growth, particularly in navigating the restaurant space, which has seen significant acquisitions recently.
