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. (NASDAQ: FAT) is a global restaurant franchising company whose news flow reflects activity across 18 distinct restaurant concepts. As the parent of brands such as Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean, and Ponderosa and Bonanza Steakhouses, the company regularly issues updates that span multiple dining categories.
On this page, readers can find coverage of brand-level promotions and menu launches, such as new pizzas from Round Table Pizza, limited-time cookie cakes and seasonal offerings from Great American Cookies, and expansion news from Fazoli’s and Fatburger. News items also highlight store openings in new and existing markets, including co-branded locations that combine concepts like Fatburger and Buffalo’s Express.
FAT Brands also releases corporate and financial announcements, including quarterly financial results, participation in investor conferences such as the ICR Conference, and statements from management about system-wide performance, new restaurant openings, co-branding initiatives, and strategic partnerships. These updates provide insight into how the company manages its multi-brand portfolio and restaurant development pipeline.
Investors and followers of the restaurant and food service sector can use this news feed to track how FAT Brands’ concepts evolve, how the company approaches growth across fast casual, quick-service, casual dining, and polished casual dining formats, and how its franchising network responds through new units, marketing campaigns, and brand collaborations.
FAT Brands, parent of Fatburger, has opened its first theme park location at Six Flags Great Adventure in Jackson, NJ. This marks the second Fatburger in New Jersey, offering park visitors a menu of cooked-to-order burgers, fries, and milkshakes. COO Jake Berchtold expressed excitement about this partnership, emphasizing the brand's growth in the theme park sector. Founded 70 years ago in Los Angeles, Fatburger is celebrated for its quality burgers and unique toppings. The brand currently owns 17 restaurant concepts and franchises over 2,300 units worldwide.
FAT Brands Inc. (NASDAQ: FAT) has announced a cash dividend of $0.13 per share for the second quarter of fiscal 2022, payable on June 1, 2022, to shareholders on record as of May 16, 2022. The company's Board of Directors retains discretion over future dividends, which will depend on factors such as financial condition and operational results. FAT Brands owns 17 restaurant brands, operating over 2,300 units globally, including well-known names like Fatburger and Round Table Pizza.
FAT Brands has appointed Michael G. Chachula as its first Chief Information Officer, effective immediately. With over 25 years of experience in technology and business management, Chachula aims to enhance the company’s technology platforms to support its growth. His previous roles include Head of Digital and Revenue Growth at The Coffee Bean & Tea Leaf and Executive Director for IHOP, where he led significant technology innovations. FAT Brands, which owns 17 restaurant brands and franchises over 2,300 units globally, seeks to improve efficiency and profitability through this strategic hire.
FAT Brands reported strong franchisee demand in its Quick-Service Division, signing 20 new development deals for over 50 units following its acquisition of Global Franchise Group in June 2021. The division includes brands like Round Table Pizza and Great American Cookies. Notably, same-store sales grew by 10.6% compared to 2019. The company is set to open over 30 locations in 2022, expanding its footprint in markets like Nashville and California.
Great American Cookies is set to continue its tradition of offering free cookies on Tax Day, April 18, 2022. Customers can receive one Original Chocolate Chip Cookie with any purchase at participating locations, using the promotional code TAX. This initiative has been ongoing for nearly a decade and aims to provide a sweet treat to alleviate the stress associated with tax filing. According to Katie Thoms, the Senior Director of Marketing at FAT Brands, this tradition strengthens customer loyalty and enhances the Tax Day experience.
Great American Cookies introduces the Kitchen Sink Cookie on April 1, featuring a mix of ingredients like almonds, oats, cranberries, chocolate chips, and M&M’S MINIS. This limited-time offering will be available until April 30. Co-branded locations with Marble Slab Creamery will also offer cookies as ice cream sandwiches. To celebrate, a ‘Two for Tuesday’ deal will provide rewards program members with buy one, get one free or $2 off a dozen cookies on April 5. Great American Cookies has over 370 locations, part of FAT Brands, which oversees 17 restaurant brands globally.
FAT Brands Inc. has announced a new development deal to expand its Johnny Rockets franchise into Israel, with plans for 10 new locations over the next 10 years. This partnership with F and J Master License LTD. aims to meet the growing demand for American cuisine in the region. The new restaurants will offer a selection of classic American menu items, including burgers and shakes. With over 325 locations globally, Johnny Rockets continues to build its international presence, particularly in the Middle East, where FAT Brands has seen strong performance.
FAT Brands reported a 1,042% revenue increase to $74.2 million for Q4 2021, supported by significant acquisitions and growth in same-store sales. The company successfully integrated three acquisitions, expecting an incremental $45-$50 million in EBITDA for 2022. Q4 2021 adjusted EBITDA rose to $10.4 million, up from $1.7 million YoY. However, the company's net loss widened to $19.6 million, impacting EPS at $1.38. Looking ahead, FAT Brands anticipates 120 new locations and over $2.3 billion in system-wide sales for 2022, forecasting a normalized EBITDA run rate of $90-$95 million.
FAT Brands Inc. has announced plans to expand its footprint in Alaska with three new locations of Fatburger and Buffalo's Express, set to open over the next three and a half years. This deal, in collaboration with franchisee Robert Monteith, boosts the total outlets in Alaska to four, following Monteith's successful 2020 introduction of the brands in Fairbanks. The demand for these offerings has been strong, prompting the expansion. FAT Brands currently owns 17 restaurant concepts globally and continues to focus on strategic franchise partnerships.
FAT Brands Inc. (NASDAQ: FAT) will host a conference call on March 21, 2022, at 5:00 PM ET, to discuss its fourth quarter and full year 2021 financial results. A press release will precede the call with detailed financial information. Participants can join via phone or through a live webcast on the company's website. The call will feature Andy Wiederhorn, CEO, and Ken Kuick, CFO. FAT Brands operates 17 restaurant brands and franchises over 2,300 units worldwide.
FAQ
What is the current stock price of Fat Brands (FAT)?
What is the market cap of Fat Brands (FAT)?
