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 a deal to open two Fatburger locations in Paris, marking the brand's debut in France. This partnership with BGH Investments will see the openings within the next 18 months. CEO Andy Wiederhorn expressed optimism about the brand's international success, emphasizing the demand for American cuisine abroad. Founded over 70 years ago, Fatburger is renowned for its customizable burgers and diverse menu that includes fries and milkshakes.
FAT Brands Inc. announces the opening of a new co-branded Fatburger and Buffalo's Express in Corona, CA. The new location aims to cater to the growing demand for comfort food in the Riverside County community, offering a menu that includes customizable burgers and a variety of chicken wings. The restaurant is open daily from 11:00 AM to 10:00 PM, with online ordering options available. FAT Brands continues to expand its presence, owning nine restaurant brands and over 675 units worldwide.
FAT Brands Inc. announced the opening of its fifth co-branded location of Fatburger and Buffalo’s Express in Star Vista, Singapore. This marks a significant milestone in the company’s international expansion strategy, following two other recent openings in Singapore. The new venue aims to cater to local demand for high-quality burgers and wings, reflecting the brand’s commitment to customer preferences. The restaurant is set to welcome guests daily from 11:00 am to 10:00 pm.
FAT Brands operates nine restaurant concepts globally with over 675 locations.
FAT Brands has announced the opening of a co-branded Fatburger and Buffalo’s Express in Alexandria, LA, marking its entry into Louisiana. CEO Andy Wiederhorn expressed confidence in the new location's potential, citing successful expansions in neighboring states like Texas and Alaska. The new outlet will offer a wide selection of customizable burgers, sides, and chicken wings, establishing itself as a new local favorite. FAT Brands currently owns nine restaurant brands and operates over 675 units globally.
FAT Brands Inc. (NASDAQ: FAT) announces its participation in the LD Micro Main Event Conference on December 14, 2020. The event includes a 10-12 minute presentation by President & CEO Andrew Wiederhorn, followed by a Q&A session. The live broadcast is scheduled for 10:20 AM EST, with free registration available.
Currently, FAT Brands operates nine restaurant brands, including Fatburger and Johnny Rockets, and franchises over 675 units globally. For more details, visit www.fatbrands.com.
FAT Brands Inc. (NASDAQ: FAT) has announced a merger with its controlling stockholder, Fog Cutter Capital Group Inc. (FCCG), aimed at enhancing financial flexibility and simplifying corporate structure, crucial for strategic acquisitions in the restaurant industry. This merger will allow FAT Brands to internalize over $100 million in net operating loss carryforwards, improving its capital structure. The company anticipates this move will support significant growth opportunities, projecting to double its 2019 EBITDA of $7.7 million post-pandemic, following the acquisition of Johnny Rockets.
FAT Brands Inc. (NASDAQ: FAT) announced its participation in Noble Capital Markets’ Virtual Road Show Series on December 15, 2020. The event will feature a corporate presentation by President & CEO Andrew Wiederhorn, followed by a Q&A session with Noble Senior Research Analyst Joe Gomes. Registration for the live broadcast, slated for 1 PM EST, is free but limited to 100 attendees. FAT Brands is a global franchising company with nine restaurant brands and over 675 franchises worldwide.
FAT Brands Inc. announces the opening of three co-branded Fatburger and Buffalo’s Express locations in Wichita, Kansas, set to launch next year in partnership with Uncle John’s Brands, LLC. CEO Andy Wiederhorn emphasized the robust demand for these brands, aligning with the company's strategy of expanding through co-branded concepts. FAT Brands, which owns nine restaurant brands and has over 675 units worldwide, aims to capture the growing market in Wichita, recognized for its enthusiastic burger and wings consumers.
FAT Brands Inc. announces the opening of a new co-branded Fatburger and Buffalo’s Express location in West Los Angeles, CA. This site marks the sixth conversion from a BurgerIM franchise, highlighting the brand's popularity. The new outlet will serve a diverse menu including grilled burgers, wings with various sauces, and more. The restaurant will operate Sunday-Thursday from 11:00am-9:00pm and Friday-Saturday from 11:00am-10:00pm. FAT Brands owns nine restaurant brands and franchises over 675 units globally.
FAT Brands (NASDAQ: FAT) reported a 37% decline in total revenues to $4.1 million for Q3 2020, significantly affected by COVID-19. Despite challenges, the company closed the acquisition of Johnny Rockets, boosting its global presence to over 700 franchises with $700 million in annual system-wide sales. System-wide same-store sales grew 63.2% quarter-over-quarter, indicating recovery. However, the company recorded a net loss of $0.6 million, contrasting with a net income of $1.2 million in Q3 2019. The outlook remains cautious amid ongoing pandemic impacts.
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