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.
Overview
FAT Brands Inc. is a global multi-brand restaurant franchising company that expertly develops, markets, and acquires a diversified portfolio of restaurant concepts. Operating within the realms of restaurant franchising and brand management, the company delivers a comprehensive menu of concepts that span quick service, fast casual dining, and casual dining segments. Its extensive network of franchisees benefits from a robust system that integrates multi-channel marketing, operational support, and streamlined business processes, ensuring franchisees are well-supported as they build successful local businesses.
Business Model and Operations
The company primarily functions as a franchisor, generating revenue through initial franchise fees and ongoing royalties, although it does maintain select corporate-owned locations. FAT Brands Inc. leverages its in-house support teams that specialize in operations management, construction oversight, purchasing, and design, all of which are critical for maintaining brand standards and consistency. This strategic alignment of diverse restaurant concepts serves to diversify revenue streams and mitigate market-specific risks while offering franchisees the opportunity to expand their portfolios across multiple dining segments.
Brand Portfolio and Market Position
FAT Brands Inc. is synonymous with a variety of well-established restaurant concepts. With a portfolio that includes brands in categories ranging from quick service to casual dining, the company has established significant competitive advantages in terms of market reach and consumer appeal. The operational synergy across different brands allows for a cross-leveraging of resources and expertise, fostering an environment where franchisees can benefit from shared best practices in areas such as operational efficiencies, marketing strategies, and supply chain management.
Operational Excellence and Franchise Support
One of the core strengths of FAT Brands Inc. lies in its comprehensive franchise support system. The company’s dedicated departments—spanning kitchen design, architecture, training, logistics, and marketing—ensure that franchisees have access to extensive resources and an experienced team dedicated to achieving operational excellence. This all-encompassing approach not only assists in maintaining consistency across various brands but also underpins the company’s broader strategy of sustainable growth and business diversification.
Competitive Landscape
Operating in a highly competitive industry, FAT Brands Inc. differentiates itself through an integrated business model that offers tailored support and a diversified portfolio of restaurant concepts. Key competitors in the restaurant franchising space might include other multi-brand portfolios and regional players; however, FAT Brands Inc.'s emphasis on strategic acquisitions and robust in-house support has solidified its market position. This model equips the company to navigate the complexities of various market segments and adapt its offerings to both local and global consumer trends.
Industry-Specific Insights
For investors and industry analysts, understanding FAT Brands Inc. involves examining how the company’s operational strategy is built upon detailed market research, strategic brand positioning, and a commitment to operational excellence. The multi-brand strategy allows the company to capture a wide array of consumer preferences, reducing over-dependence on any single economic segment. By focusing on essential industry best practices such as quality assurance, consistency, and a strong franchising model, the company continues to maintain a competitive foothold in the restaurant franchising space.
Summary
FAT Brands Inc. exemplifies a carefully structured approach to restaurant franchising. Its strategic development, acquisition, and comprehensive support systems across a varied portfolio of restaurant concepts create resilient business operations. This detailed operational framework and its cross-brand synergies ensure that the company remains a significant participant in the broader restaurant franchising industry, offering franchisees a valuable combination of entrepreneurial freedom and corporate support.
Native Grill & Wings, part of FAT Brands (NASDAQ: FAT), is launching a wing-eating competition called Holmberg's "Handle the Heat" in collaboration with Arizona DJ and Radio Host Holmberg. The contest runs from Aug. 8 to Aug. 28 across Phoenix area locations, with a Championship round on Sept. 4.
To support the Arizona Humane Society, Native is introducing the Holmberg Special from Aug. 8 to Sept. 8, featuring 10 wings and a Stella Artois for $19.79, with $1 from each sale donated to the charity. This initiative aligns with Native's community-focused approach and FAT Brands' strategic expansion of fast casual and casual dining concepts globally.
Johnny Rockets, owned by FAT Brands Inc. (NASDAQ: FAT), is launching a new Dirt Cup Shake featuring TROLLI® SOUR BRITE CRAWLERS®. This -time offering, available from Aug. 6 to Dec. 31, 2024, combines a hand-spun Chocolate Shake with OREO® Cookie crumbles and tangy TROLLI® gummies. The shake aims to capitalize on the trend of nostalgic flavors in the fast-casual dining sector.
FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide. Johnny Rockets, founded in 1986, is known for its Certified Angus Beef® burgers, hand-spun shakes, and casual fun atmosphere across more than 250 locations in over 25 countries.
Native Grill & Wings, part of FAT Brands (NASDAQ: FAT), is launching a '3 for You' value deal from Aug. 5 through Sept. 30, 2024. Dine-in guests can enjoy chips and salsa, a choice of Native Burger or Native Chicken Sandwich with Fries, and a non-alcoholic beverage for $10.99. For an additional $2, customers can upgrade to a specialty burger or Deluxe Native Chicken Sandwich.
Ashley Montgomery, VP of Marketing, emphasized the deal's value and the quality of their hand-crafted burgers and sandwiches. This promotion aims to offer a full meal experience at an unbeatable price for an extended period, showcasing Native Grill & Wings' menu beyond their award-winning wings.
Marble Slab Creamery, a FAT Brands (NASDAQ: FAT) franchise, is launching a Back to School Happy Hour promotion from August 5-18, 2024. Participating stores will offer a free small Ice Cream cup with the purchase of a small, regular, or best value Ice Cream Cup daily from 4:00-6:00 p.m. This promotion aims to celebrate the new school year and attract families.
Marble Slab Creamery, known for its frozen slab technique and small-batch ice cream with free unlimited Mix-Ins, has been innovating in the ice cream industry for over 40 years. The brand is part of FAT Brands, a global franchising company that owns 18 restaurant brands and operates over 2,300 units worldwide.
Great American Cookies, a franchise under FAT Brands (NASDAQ: FAT), is offering a special deal for National Chocolate Chip Cookie Day on August 4, 2024. Customers can buy one Original Chocolate Chip Cookie Cake slice and get one free at participating locations. This promotion celebrates the brand's signature product, which has been part of their offerings since 1977.
Great American Cookies, known for its Original Cookie Cake, operates over 400 bakeries worldwide. The company emphasizes its commitment to providing simple, delightful treats and sees this promotion as an opportunity to introduce more customers to their signature item. FAT Brands, the parent company, owns 18 restaurant brands and franchises over 2,300 units globally.
FAT Brands Inc. (NASDAQ: FAT) reported its fiscal second quarter 2024 financial results, showing significant growth and expansion. Key highlights include:
- Total revenue increased 42.4% to $152.0 million
- System-wide sales growth of 8.6%
- 24 new store openings in Q2, with 45 year-to-date
- Over 180 development deals signed year-to-date
- Pipeline of approximately 1,100 locations
However, the company also reported a net loss of $39.4 million, or $2.43 per diluted share. Adjusted EBITDA was $15.7 million, down from $23.1 million in Q2 2023. The company continues to focus on expanding its portfolio, particularly the Twin Peaks brand, and creating value through organic growth and strategic acquisitions.
FAT Brands Inc. (NASDAQ: FAT), a leading global franchising company, has announced it will host a conference call to review its second quarter 2024 financial results on Wednesday, July 31, 2024 at 5:00 PM ET. The company, which owns iconic brands like Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, and Fazoli's, will issue a press release with the financial results prior to the call. Andy Wiederhorn, Chairman, and Ken Kuick, Co-Chief Executive Officer and Chief Financial Officer, will host the call.
Investors can access the call by dialing 1-844-826-3035 from the U.S. or 1-412-317-5195 internationally. A replay will be available until August 31, 2024. The call will also be webcast live on the company's website at www.fatbrands.com under the "Investors" section, with a replay available shortly after.
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.