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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. reported its Q3 2024 financial results, showing total revenue growth of 31.1% to $143.4 million. The company opened 22 new units during Q3, bringing year-to-date openings to 71. System-wide sales grew 6.4%, while year-to-date same-store sales declined 2.7%. The company reported a net loss of $44.8 million ($2.74 per diluted share). FAT Brands' portfolio now includes 18 concepts with over 2,300 locations across 40+ countries. The company has signed 225 development deals year-to-date and maintains a development pipeline of approximately 1,000 locations. Twin Peaks and Smokey Bones are being prepared for a potential IPO or alternative transaction.
FAT Brands (NASDAQ: FAT), a global franchising company with 18 restaurant brands and over 2,300 units worldwide, has announced its Q4 2024 cash dividend. The Board of Directors declared a dividend of $0.14 per share for both Class A and Class B common stock. The dividend will be paid on November 29, 2024 to stockholders of record as of November 15, 2024. The company notes that future dividend declarations and payments will depend on various factors including financial condition, capital levels, and cash requirements.
FAT Brands (NASDAQ: FAT), a global franchising company owning 18 restaurant brands including Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, and Fazoli's, has scheduled its Q3 2024 earnings conference call for October 30, 2024, at 5:00 PM ET. The financial results will be released via press release before the call. Andy Wiederhorn, Chairman, and Ken Kuick, Co-CEO and CFO, will host the call. Investors can join via phone or webcast through the corporate website, with replay available until November 20, 2024.
Fazoli's, America's favorite fast and fresh Italian chain, is celebrating National Breadstick Day with a special offer. From Oct. 25 to Oct. 27, customers can get six free breadsticks with any purchase at participating locations, using the code BREADSTICK6. This promotion is available both in-store and online.
Fazoli's, known for its fresh, buttery garlic breadsticks that are free with every entrée, has been serving Italian food for over 35 years. The chain prides itself on offering high-quality, affordable menu items, including unlimited breadsticks for dine-in customers.
Fazoli's is part of FAT Brands (NASDAQ: FAT), a global franchising company that owns 18 restaurant brands and over 2,300 units worldwide. Founded in 1988, Fazoli's now has over 200 restaurants in 26 states, making it the largest QSR Italian chain in America.
FAT Brands Inc., parent company of Fazoli's and 17 other restaurant concepts, has announced a new development agreement with franchisee Valor Acquisitions Group, to bring five Fazoli's locations to Utah over the next five years. The first unit is expected to open in Saratoga Springs in 2025, marking the brand's return to the state.
Taylor Wiederhorn, Chief Development Officer of FAT Brands, emphasized the company's commitment to strategically growing the Fazoli's brand since its acquisition in 2021, particularly in areas with loyal followings. The expansion will focus on Salt Lake and Utah Counties.
Fazoli's, founded in 1988, is known for its fast, fresh, and friendly Italian food, offering unlimited signature breadsticks and freshly prepared pasta entrees at affordable prices. The chain currently franchises and owns over 200 restaurants across 26 states, making it the largest QSR Italian chain in America.
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.
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