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 four new Great American Cookies and Marble Slab Creamery co-branded locations in Georgia. The new stores are located in Cartersville, Athens, Bethlehem, and Snellville, adding to over 50 existing locations in the state. This expansion demonstrates the success of pairing these complementary brands and FAT Brands' commitment to growth in Georgia, which is also home to its proprietary cookie dough and pretzel mix facility.
Allison Lauenstein, President of Great American Cookies and Marble Slab Creamery, highlighted the strategic and bottom-line value of combining these two brands. Great American Cookies, founded in Georgia in 1977, is known for its Original Cookie Cake and chocolate chip cookie recipe. Marble Slab Creamery, with over 40 years in business, is recognized for its frozen slab technique and customizable ice cream offerings.
FAT Brands Inc. (NASDAQ: FAT) has announced the opening of the first Fatburger and Buffalo's Express in Puerto Rico, marking the start of a planned 10-location expansion on the Caribbean island. The co-branded restaurant, located in Plaza Carolina, offers Fatburger's iconic burgers and Buffalo's Express' award-winning wings.
Jake Berchtold, COO of FAT Brands' Fast Casual Division, expressed confidence in the concept's appeal to Puerto Rico locals. The menu features customizable burgers, various fries options, turkeyburgers, chicken sandwiches, milkshakes, and a range of chicken wing sauces. The new location is open daily from 10:00 a.m. to 9:00 p.m.
FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide. This expansion aligns with their strategy to grow Fatburger's global presence and offer unique dining experiences.
Pretzelmaker, owned by FAT Brands Inc. (NASDAQ: FAT), is launching a new menu item called Bucket of Bites on Sept. 30, 2024, at participating locations. This 85-ounce shareable offering features Pretzel Bites served with six different sauces of the customer's choice, including popular options like Cheddar Cheese and Pizza Sauce.
The Bucket of Bites is designed for various occasions such as tailgating, celebrations, and gatherings. Pretzelmaker's Pretzel Bites are made fresh daily and can be paired with the brand's all-natural lemonade. Katie Thoms, Senior Director of Marketing for Pretzelmaker, stated that this new offering caters to guests' needs for more Pretzel Bites and fun, especially during the fall season with football and large events.
FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide. Pretzelmaker, founded in 1991, has nearly 200 locations globally and continues to innovate with concepts like breakfast, late-night, and standalone drive-thru options.
FAT Brands Inc. (NASDAQ: FAT) has launched a new co-branded online ordering experience for Great American Cookies and Marble Slab Creamery. The platform, developed in partnership with Rapturous and Olo (NYSE: OLO), features a first-of-its-kind 3D Cookie Cake Builder. This innovative tool allows customers to design their cakes in real-time with 3D visuals.
The new website integrates both brands seamlessly, optimizing the guest experience for both co-branded and standalone locations. Since their co-branding in 2014, Great American Cookies and Marble Slab Creamery have expanded to over 150 units worldwide. The platform includes features like Olo Pay's Mobile Wallet payments, which has already led to an increase in sales.
FAT Brands plans to pilot the Cookie Cake Builder as a self-service kiosk in select locations in early 2025, further enhancing the in-store experience.
FAT Brands Inc. (NASDAQ: FAT) has announced the opening of its first converted Smokey Bones location to Twin Peaks in Lakeland, Florida. This move is part of FAT Brands' strategy to fuel growth for Twin Peaks, its fastest-growing brand, by converting select Smokey Bones locations. The company has identified approximately 30 Smokey Bones locations for potential conversion over the next several years.
Ken Kuick, Co-CEO and CFO of FAT Brands, highlighted that this conversion strategy provides a significant return on investment by reducing construction time by about a year and a half. Twin Peaks, known for its strong and growing average-unit volumes, is expected to benefit from this expansion plan as it continues to redefine the polished casual dining sector.
FAT Brands Inc. (NASDAQ: FAT), a global restaurant franchising company, has announced new -time menu items for its wing concepts: Hurricane Grill & Wings, Native Grill & Wings, and Buffalo's Cafe. Available through Dec. 15, these offerings aim to enhance the gameday experience for football season. The new items include:
- Shareables like Carne Asada Loaded Fries and Boom Boom Sliders
- Specialty wings such as Honey Hot Wings and Firecracker Wings
- New cocktails including Spicy Guava Rita and El Jefe
- Beer bucket specials for football games
FAT Brands' VP of Marketing, Ashley Montgomery, emphasized the focus on shareables and unique beverages to cater to sports-watching audiences. The company owns 18 restaurant brands with over 2,300 units worldwide.
Fazoli's, a fast-casual Italian chain owned by FAT Brands (NASDAQ: FAT), has expanded its presence in Georgia with a new location in Newnan. This marks the brand's eighth restaurant in the state, strengthening its foothold in the Atlanta area. The new Fazoli's is located at 207 Bullsboro Dr. and will operate Sunday through Thursday from 10:30 a.m. to 9:30 p.m., and Friday and Saturday from 10:30 a.m. to 10:30 p.m.
Fazoli's, founded in 1988, is known for its affordable Italian cuisine and signature unlimited breadsticks. The brand has built a loyal following in Georgia, offering pasta dishes and other Italian favorites. As part of FAT Brands' portfolio, which includes 18 restaurant brands and over 2,300 units worldwide, Fazoli's contributes to the company's strategic growth in the fast-casual dining sector.
FAT Brands Inc. (NASDAQ: FAT) has announced two key hires to bolster its development team, focusing on non-traditional and international growth. Ammy Harrison joins as Senior Vice President of Non-Traditional Development, bringing nearly 25 years of experience from high-growth restaurant brands. Maiyo Hood takes the role of Vice President of International Development, leveraging his background in managing over 4,000 locations across China for Subway.
These strategic appointments align with FAT Brands' commitment to expanding its global footprint, which currently exceeds 2,300 units across 18 restaurant brands. The company aims to capitalize on Harrison's expertise in non-traditional growth and Hood's international development knowledge to drive organic expansion in these key areas.
Fazoli's, owned by FAT Brands Inc. (NASDAQ: FAT), is offering a back-to-school promotion featuring $4 fan-favorite pasta dishes through Sept. 9 at participating locations. The deal includes Regular Spaghetti with Marinara or Meat Sauce and Fettuccine Alfredo, served with free freshly baked breadsticks. Available for dine-in, drive-thru, and online orders using the code BACK4SCHOOL.
This promotion follows the success of Fazoli's Fourth of July offer, emphasizing the brand's commitment to value and quality. FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide. Fazoli's, founded in 1988, is the largest QSR Italian chain in America with over 200 restaurants in 26 states.
Marble Slab Creamery, a FAT Brands franchise, has introduced a new Pumpkin Spice Latte ice cream for the fall season. Available from August 12 to October 31, 2024, this flavor combines real pumpkin, coffee, and cinnamon. Customers can customize their treat with unlimited mix-ins, including pie-inspired toppings and classic combinations.
Katie Thoms, Senior Director of Marketing, emphasized the brand's focus on trending flavors and the versatility of their new offering. Marble Slab Creamery, known for its frozen slab technique and homemade, small-batch ice cream, has been innovating in the ice cream industry for over 40 years. The company is part of FAT Brands, which owns 18 restaurant brands and operates over 2,300 units worldwide.
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