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FAT Brands Inc. - FAT STOCK NEWS

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.

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FAT Brands Inc., the parent company of Fazoli’s, announces a new development agreement with franchisee Briwin Restaurants Inc. to bring 25 Fazoli’s locations to Canada over the next ten years. The first units are expected to open in 2025 in Alberta. Fazoli's, known for its quality Italian food, is expanding internationally after success in the US.
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Pretzelmaker, owned by FAT Brands Inc., introduces Cinnamon Toast Crunch Cinnadust Pretzel Bites, a -time creation. The bites are made with Cinnamon Toast Crunch's Cinnadust mix and are available from April 1 to June 30. The partnership aims to bring sweetness and nostalgia to fans, enhancing the menu offerings and driving customer engagement.
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Round Table Pizza, a FAT Brands franchise, introduces Excalibur’s Epic Pizza featuring classic meats, banana peppers, and basil. The pizza is made with zesty red sauce, a three-cheese blend, and topped with Italian herb seasoning. The -time menu item also includes Churro Twists with caramel dipping sauce, available until June 23.
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Smokey Bones, owned by FAT Brands Inc., is offering All You Can Eat Wings for $14.99 from March 19 to April 8, during the college basketball season. Customers can enjoy jumbo bone-in and boneless wings in various styles and sauces while watching games at Smokey Bones locations. Loyalty program members can earn 16 points for every dollar spent during the tournament.
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FAT Brands Inc. Reports Strong Fiscal Fourth Quarter and Full Fiscal Year 2023 Financial Results with Total Revenue Growth, New Store Openings, and Positive EBITDA. The company acquired Smokey Bones, expanding its portfolio to 18 brands with $2.5 billion in sales. Despite a decline in same-store sales, the company shows potential for significant EBITDA growth in the future.
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FAT Brands Inc.'s subsidiary, Johnny Rockets, introduces the indulgent Cookie Jar Shake, a decadent chocolate shake featuring OREO®️ Cookie pieces and Chocolate Chip Cookies, available at participating locations nationwide until May 31. The brand is renowned for its extravagant shakes, emphasizing a unique brand experience for customers.
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Round Table Pizza, owned by FAT Brands Inc., is offering a Pi Day deal where Royal Rewards Members can get a Personal Cheese Pizza for $3.14 with the purchase of a Large or XL pizza. The franchise, known for its quality and authenticity since 1959, uses homemade dough, hand-sliced vegetables, high-quality meats, and a signature three cheese blend. The deal celebrates Round Table's commitment to premium ingredients and hand-crafted pizzas.
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FAT Brands Inc. to host a conference call to review its fourth quarter and fiscal year 2023 financial results. The call will be led by Andy Wiederhorn, Chairman, and Ken Kuick, Co-CEO and CFO. The Company owns popular brands like Fatburger and Round Table Pizza.
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Smokey Bones, owned by FAT Brands Inc., donates over $100,000 to the Robert Irvine Foundation through a partnership with celebrity chef Robert Irvine. The donation aims to support military, veteran, and first responder personnel. Smokey Bones also increases its ongoing discount for active and retired military members to 20%.
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FAT Brands Inc. announces the opening of a new Fatburger location in Celebration, FL, marking the iconic burger brand’s debut in the Orlando area. The opening is part of the company's expansion plans in Florida, with 14 locations under development. The grand opening on March 2 will offer free Original Fatburgers to the first 100 customers, along with free fries with any purchase. The menu includes customizable burgers, Fat and Skinny Fries, turkeyburgers, crispy chicken sandwiches, and hand-scooped milkshakes made from real ice cream.
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FAQ

What is the current stock price of FAT Brands (FAT)?

The current stock price of FAT Brands (FAT) is $5.32 as of November 22, 2024.

What is the market cap of FAT Brands (FAT)?

The market cap of FAT Brands (FAT) is approximately 91.2M.

What does FAT Brands Inc. do?

FAT Brands Inc. is a global restaurant franchising company that develops, markets, and acquires diverse restaurant concepts worldwide.

Which restaurant brands are under FAT Brands?

The company's portfolio includes Fatburger, Buffalo’s Cafe, Buffalo's Express, Ponderosa & Bonanza Steakhouse, Round Table Pizza, Johnny Rockets, Twin Peaks, and Elevation Burger.

How does FAT Brands generate revenue?

FAT Brands generates revenue primarily by charging franchisees initial franchise fees and ongoing royalties. The company also directly owns and operates some restaurant locations for certain brands.

Where does most of FAT Brands' revenue come from?

The majority of FAT Brands' revenue is generated from the United States, with the rest coming from other international locations.

How many locations does FAT Brands operate?

FAT Brands operates over 300 restaurant locations worldwide.

What support does FAT Brands provide to its franchisees?

FAT Brands offers extensive in-house support teams across operations, construction, purchasing, architecture & design, kitchen design, training, logistics, and marketing to help franchisees achieve their goals.

What recent achievements has FAT Brands announced?

Recent achievements include the release of consolidated statements of operations, EBITDA, and adjusted EBITDA reconciliation.

Who handles media relations for FAT Brands?

Erin Mandzik manages media relations for FAT Brands.

What is the strategy behind FAT Brands' restaurant concepts?

FAT Brands aims to provide franchisees with opportunities for growth and diversification by offering strategically aligned, complementary restaurant concepts.

What ongoing projects is FAT Brands involved in?

Ongoing projects include geographic expansion and enhancement of existing restaurant concepts.

FAT Brands Inc.

Nasdaq:FAT

FAT Rankings

FAT Stock Data

91.18M
5.09M
70.58%
8.13%
0.46%
Restaurants
Retail-eating Places
Link
United States of America
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