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 popular Italian quick-service chain owned by FAT Brands, has opened its second location in the Tampa area, located at 24791 FL-54 in Lutz, Florida.
This marks the sixth Fazoli’s restaurant in Florida, highlighting the chain's ongoing expansion in the state. The new location offers a variety of Italian dishes, including pasta, subs, salads, and pizzas, along with their famous unlimited breadsticks.
Fazoli’s aims to deliver fast, fresh, and affordable Italian food while maintaining high-quality standards. The restaurant is open from 10:30 am to 10:00 pm Sunday through Thursday, and until 11:00 pm on Fridays and Saturdays.
FAT Brands, the parent company, owns 18 restaurant brands and over 2,300 units worldwide. Fazoli’s operates nearly 220 locations across 26 states, making it the largest QSR Italian chain in the U.S.
Johnny Rockets, owned by FAT Brands, is celebrating National Hamburger Day from May 28 to June 30 with a special collaboration with PEPSI. Fans can enter to win a -edition Johnny Rockets x PEPSI burger-themed pool float via their website. Additionally, participants can get a $5 discount on a PEPSI float with any burger purchase. The celebration highlights the classic PEPSI float, made with real vanilla ice cream, which has been a secret menu item. The event aims to bring fun and excitement to the summer season.
FAT Brands President, Jessica Wiederhorn, was honored as Non-Profit Executive of the Year (Emerging) by the Los Angeles Business Journal at the Non-Profit and Corporate Citizenship Awards. The FAT Brands Foundation, founded in 2022 and led by Wiederhorn, was also nominated for Non-Profit of the Year. In its first year, the foundation granted over $250,000 to 43 non-profits in FAT Brands’ communities. For 2024, Wiederhorn successfully increased fundraising by approximately 37%, enhancing the foundation's capacity to support local causes. FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide.
On May 22, 2024, Smokey Bones, part of FAT Brands, announced a special offer for National Hamburger Day on May 28. Guests can enjoy a signature Cheeseburger meal for just $6.49 with the purchase of a beverage. This rollback pricing celebrates the brand's 25th anniversary, providing great value in today’s dining environment. The meal includes a thick, juicy all-beef burger with customizable toppings and a choice of sides. The offer is available for dine-in only at all Smokey Bones locations while supplies last. Smokey Bones aims to enhance customer satisfaction by offering premium meals at competitive prices.
FAT Brands (NASDAQ: FAT) has confidentially submitted a registration statement to the SEC to make its Twin Peaks and Smokey Bones units standalone public companies. This move is still subject to various conditions, including SEC approval and the FAT Brands board's final approval. FAT Brands is a global franchising company owning 18 restaurant brands and over 2,300 units worldwide. Twin Peaks, a sports lodge restaurant with nearly 115 locations, offers made-from-scratch food and a sports-centric dining experience.
FAT Brands Inc. faces charges of violating SOX 402 for arranging loans to Andy Wiederhorn. The company denies the charges, stating they are unwarranted and unjust. Despite this, FAT Brands highlights its growth to 18 brands with $2.5 billion in global sales and 2,300 locations worldwide. The company remains focused on its operating plans and growth strategy.
Fresh. Authentic. Tasty (FAT) Brands Inc. expands partnership with Six Flags by introducing Hurricane Grill & Wings at Six Flags Great Escape Lodge in New York. This marks the brand's third entry into Six Flags parks, emphasizing growth in non-traditional venues. The collaboration highlights FAT Brands' commitment to expansion and dynamic partnerships.
FAT Brands Foundation raised over $130,000 at the 2024 FAT Brands Summit through donations and committed funds, exceeding their $75,000 goal. The foundation received an additional $50,000 donation from FAT Brands Inc., totaling over $130,000. The event included a silent auction, raffle, and a giving back event where attendees packed 6,000 meals for families in partnership with a local non-profit organization. The foundation also presented a $10,000 check to fund an additional 30,000 meals in the Las Vegas community. Since its inception in 2022, the foundation has supported over 50 causes in FAT Brands' communities across the country.
FAT Brands Inc. reported strong financial results for the first quarter of 2024, showing total revenue improvement of 43.8% to $152.0 million. The company signed over 150 development deals, increasing its pipeline to over 1,200 locations. Despite a net loss of $38.3 million, FAT Brands remains focused on expanding its brands and creating long-term value for stakeholders.
Smokey Bones, owned by FAT Brands Inc., is launching a BBQ Bonanza menu with premium meats, savory sundaes, and summery cocktails. The menu features innovative dishes like House-Smoked Brisket Sundae and BBQ Pork Sundae. Guests can also enjoy new cocktails like Peach Pitmaster Margarita and Tropical Island Margarita. The Summer Steak-Out offers Mexican-Style Street Corn, Bone-In NY Strip, Boneless Ribeye, and new BBQ sauces. All offerings are available until August 31, 2024, at Smokey Bones locations.
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