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.
Hot Dog on a Stick, a brand owned by FAT Brands (NASDAQ: FAT), has launched a new -time offering: SOUR PATCH KIDS® WATERMELON Lemonade. Available from July 24 to September 30, 2024, at participating locations, this hand-stomped lemonade creation aims to blend nostalgia with refreshment. The new flavor is part of the brand's strategy to keep its signature lemonade offerings fresh yet reminiscent of beloved candy experiences.
Hot Dog on a Stick, founded in 1946 in Santa Monica, CA, has grown to nearly 50 locations. The brand is known for its hand-stomped lemonade, hot dogs on sticks, and cheese on sticks. This new product launch aligns with FAT Brands' broader strategy of acquiring and developing fast casual and quick-service restaurant concepts globally.
Fazoli's, the fast and fresh Italian chain owned by FAT Brands Inc. (NASDAQ: FAT), has launched a summer promotion offering Pizza Baked Spaghetti for $5.99 through September 9, 2024. This special dish combines spaghetti with Pizza Bake Sauce, mozzarella, provolone, and pepperoni, served with free, freshly baked breadsticks.
Tisha Bartlett, VP of Marketing at Fazoli's, emphasized the brand's commitment to providing great value and high-quality food offerings. Fazoli's, founded in 1988, operates over 200 restaurants in 26 states, making it the largest QSR Italian chain in America. The promotion aligns with the company's strategy of offering hearty portions and fresh ingredients at affordable prices.
FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide, including Fazoli's, Round Table Pizza, Fatburger, and Johnny Rockets among others.
Fatburger, owned by FAT Brands Inc. (NASDAQ: FAT), is introducing new menu items for summer. The chain is launching Hand-Breaded Crispy Chicken Strips and Nashville Hot Chicken Strips made with Frank's RedHot® Nashville Hot Seasoning. Additionally, customers can add the Nashville Hot Seasoning to sides like Skinny Fries, Fat Fries, Sweet Potato Fries, and Onion Rings.
These new offerings will be available from July 23 through December 31, 2024, at participating locations. The collaboration with Frank's RedHot aims to satisfy customers' craving for spicy options. FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide.
Fatburger and Buffalo's Express, owned by FAT Brands Inc. (NASDAQ: FAT), are celebrating National Chicken Wing Day with a special promotion and giveaway. From July 29 to August 4, customers can receive free three-piece wings with any Fatburger Meal purchase when ordering online using the code WINGMAN24.
Additionally, the brands are offering a chance to win a custom Chicken Wing Bling necklace. To enter, fans must follow Fatburger on Instagram and comment/tag a friend on their National Chicken Wing Day Giveaway post on July 29. This promotion aims to boost engagement and celebrate the brands' commitment to their products.
FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide, including Fatburger and Buffalo's Express.
FAT Brands (NASDAQ: FAT), a global franchising leader, has announced a cash dividend of $0.14 per share for Q3 fiscal 2024. This dividend applies to both Class A and Class B common stocks, payable on August 30, 2024, to shareholders on record as of August 15, 2024. The company's board retains discretion over future dividend declarations, dependent on various financial conditions and results. FAT Brands oversees 18 restaurant brands, including Fatburger and Johnny Rockets, with over 2,300 units worldwide. The announcement underscores FAT Brands' ongoing commitment to returning value to shareholders.
Marble Slab Creamery, a brand under FAT Brands (NASDAQ: FAT), is celebrating National Ice Cream Month and National Ice Cream Day with special offers. Throughout July, customers can enjoy $5 off Ice Cream Cakes by using the code CAKE24 for online orders. Additionally, on July 21, National Ice Cream Day, customers at participating locations can receive a free small cup of ice cream upon purchasing any size cup of ice cream. Marble Slab Creamery has been a pioneer in the ice cream industry for 40 years, known for its small-batch, homemade ice cream and innovative frozen slab technique. The brand offers a variety of flavors, unlimited Mix-Ins, Shakes, and Ice Cream Cakes. For more information, visit www.marbleslab.com.
Fazoli's, a premier fast and fresh Italian chain under FAT Brands, has unveiled two new pasta dishes: Three Meat Manicotti and Chicken Alfredo Manicotti. Available until September 9, these dishes are crafted to satisfy diverse tastes. Three Meat Manicotti includes classic meat sauce, bacon, Italian sausage, and melted cheeses, while Chicken Alfredo Manicotti combines Alfredo sauce, roasted chicken, Parmesan-roasted broccoli, melted cheeses, and Parmesan panko breadcrumbs. Both are served with Fazoli's signature breadsticks. This launch follows the success of the Stuffed Shell entrees, emphasizing premium ingredients and value.
FAT Brands announces a new deal with Blacksheep Hospitality Group to open 12 co-branded Fatburger and Round Table Pizza restaurants in Utah over the next six years, starting in 2025. The co-branded concept has over 50 units in the development pipeline, driven by its initial success in Texas. FAT Brands, which owns 18 restaurant brands including Johnny Rockets and Marble Slab Creamery, sees the Utah expansion as a strategic move. Fatburger is renowned for its customizable, made-to-order burgers, while Round Table Pizza is celebrated for its scratch-made dough and high-quality ingredients.
Hot Dog on a Stick, a brand under FAT Brands, is partnering with Milk-Bone® and other pet-centric companies to celebrate the Dog Days of Summer from now until August 11, 2024. Customers spending $20 or more will receive a free dog bandana and Milk-Bone Minis. Weekly giveaways on Instagram include treats and toys from brands like Yummers Pets and ZippyPaws. The initiative supports HIT Living Dog Rescue, featuring adoption events and a special fundraiser with Santa Monica Brew Works on August 11. $1 from each sale of Santa Monica Brew Works' 310 Stomped Shandy will be donated to HIT Living Dog Rescue. The event aims to promote pet adoption and animal welfare while offering tasty treats for both humans and their furry friends.
Pretzelmaker, part of FAT Brands, has introduced a new product: Cheetos® Pretzel Bites. These bites are hand-rolled and fresh-baked daily, featuring a dusting of Cheetos' signature Cheetle flavor. Available from July 2 to September 29, they pair well with the chain's all-natural Strawberry Lemonade. This launch is part of Pretzelmaker's ongoing menu innovation strategy aiming to deliver fresh and exciting flavors. Pretzelmaker has over 280 locations worldwide and is known for its bite-sized pretzels and fresh lemonade.
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