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.
Fazoli's, a fast and fresh Italian chain owned by FAT Brands (NASDAQ: FAT), is celebrating the Fourth of July with a special promotion. From July 3 to July 10, participating locations will offer fan-favorite pasta dishes for just $4. Options include Regular Spaghetti with Marinara or Meat Sauce and Fettuccine Alfredo, all served with free freshly baked breadsticks. This promotion is available for dine-in, drive-thru, and online orders using the code '4SUMMER'.
According to Tisha Bartlett, Vice President of Marketing, this offer aims to provide great value to customers. Fazoli's, founded in 1988, operates over 200 restaurants across 26 states and is known for its high-quality, affordable Italian food.
Smokey Bones, a restaurant chain under FAT Brands (NASDAQ: FAT), is hosting a giveback day on July 3, 2024, to support the Robert Irvine Foundation. On this day, 15% of proceeds from restaurant purchases will be donated to the foundation, which provides programs for military personnel, veterans, first responders, and their families.
Active and retired military personnel will also enjoy a 20% discount on their meals. This event follows a successful partnership that previously raised over $100,000 through a special collaboration menu. The giveback day reinforces Smokey Bones' commitment to supporting the military community.
FAT Brands announces the appointment of Jordan Chirico as Executive Vice President and Head of Debt Capital Markets. Chirico joins the company with nearly 20 years of Wall Street experience, focusing on FAT Brands' balance sheet management, $1.2 billion Whole Business Securitization portfolio, acquisition financings, and other debt-related strategies. His previous roles include senior positions in structured finance and asset management at Bank of America, Robert W. Baird, Credit Suisse, Brigade Capital Management, and 3|5|2 Capital. Co-CEO Rob Rosen expressed confidence in Chirico's ability to enhance FAT Brands' capital market strategies and support its growth as a major U.S. restaurant company.
FAT Brands, trading under the symbol FAT, owns and franchises over 2,300 restaurant units worldwide, including 18 brands such as Round Table Pizza, Fatburger, Marble Slab Creamery, and Johnny Rockets.
Fazoli's, under FAT Brands, has opened its third location in the Phoenix area at 5825 W. Peoria Ave., Glendale. The new outlet, featuring a fresh brand look, will serve signature dishes like unlimited breadsticks and pasta entrees. Local franchisee Kind Hospitality, experienced with the local market, partners with Fazoli’s for this expansion. A grand opening was held on June 25, 2024, including a charity event supporting Hope Community Services. Fazoli’s aims to provide high-quality, affordable Italian food, and the Glendale outlet operates daily from 10:30 a.m. to 9:30 p.m. (10:30 p.m. on weekends). For more information, visit Fazolis.com.
FAT Brands, a leading global franchising company owning 18 restaurant brands, announced its participation in the Noble Capital Markets Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference. The event, scheduled for June 27 at 11:00 a.m. EST, will feature a presentation by Andy Wiederhorn, Chairman of FAT Brands, followed by a Q&A session. Attendees can register for the live presentation and participate in one-on-one meetings if they are qualified investors. A video webcast of the presentation will be accessible post-event on the company's Investor Relations website and Channelchek.com for 90 days. For more details, visit FAT Brands' website.
FAT Brands' franchise, Great American Cookies, introduces a new Lemon Cookie for a time from June 17 to August 11, 2024. This cookie is crafted with tangy lemon dough, cream cheese chips, and a sprinkle of sugar. It complements the year-round Blueberry Muffin Cookie and Strawberry Crinkle Cookie, forming a perfect summer lineup. The brand, known for its Original Cookie Cake and classic treats, continues to innovate with fresh flavors. Great American Cookies operates 400 bakeries in countries like the US, Bahrain, Guam, and Saudi Arabia. The promotion aims to enhance the brand's appeal during the summer season.
Marble Slab Creamery, part of FAT Brands, has introduced a new ice cream flavor called Summer Swirl, available from June 13 to August 11 across participating locations. This summer treat combines Blue Cotton Candy, Very Yellow Marshmallow, and Strawberry to create a colorful and flavorful experience. The announcement emphasizes Marble Slab Creamery's commitment to innovation and imagination in ice cream creation, highlighting its 40-year history in the industry. FAT Brands owns 18 restaurant brands and operates over 2,300 units worldwide, including Marble Slab Creamery, which offers homemade, small-batch ice cream and various mix-ins.
FAT Brands announces the opening of a new Round Table Pizza at Stanford University's Tresidder Memorial Union. This location offers students and faculty homemade pizzas with high-quality ingredients and hand-rolled crusts. The expansion is meaningful for the brand, which started nearby in Menlo Park over 60 years ago. Round Table Pizza emphasizes using top-notch ingredients and maintaining its reputation as 'Pizza Royalty.' The new location operates Monday to Friday from 10:30 a.m. to 8 p.m., and weekends from 11 a.m. to 7 p.m.
Native Grill & Wings, under FAT Brands, celebrates its 45th anniversary with a edition Cactus Blossom 45th Anniversary Cocktail, available from June 3 to August 11 at participating locations. The cocktail, composed of Western Son Prickly Pear Vodka, simple syrup, grenadine, ginger beer, and lime juice, reflects the brand's Arizona roots. New summer drinks include the Water-Rita, The Vacay, Spiked Bourbon Tea, Spiked Blueberry Lemonade, Spiked Prickly Pear Lemonade, and two non-alcoholic mocktails. The food menu introduces Lemon Pepper Wings, Bavarian Pretzel & Beer Cheese, and Jalapeño Poppers. Gregg Nettleton, President and COO, expressed gratitude towards their loyal customers. For more details, visit nativegrillandwings.com.
FAT Brands announces the opening of its seventh Round Table Pizza location in Texas, marking the second in San Antonio, through a partnership with Brame Brands. Situated at 22815 North US Highway 281, this outlet offers premium pizza and fresh Garlic Parmesan Twists. President David Pear highlighted the strategic expansion, revealing plans for 40 new locations in Texas. Founded in 1959, Round Table Pizza emphasizes high-quality ingredients and hand-crafted processes. The grand opening event on June 13 will feature a special giveaway: free pizza for a year for the first 30 guests. The restaurant operates from 10:00 a.m. to 10:00 p.m. Sunday through Thursday, and 10:00 a.m. to 11:00 p.m. on Fridays and Saturdays.
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