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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.

Rhea-AI Summary
FAT Brands Inc.'s Marble Slab Creamery introduces a new flavor, Dark Chocolate Cookies 'N Cream made with OREO® Cookies. The rich, chocolate-filled ice cream and ice cream cake are available at participating locations until April 14. The collaboration with Mondelez and OREO promises a unique twist on a classic favorite, showcasing the brand's commitment to innovation and customer satisfaction.
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FAT Brands Inc., the parent company of Marble Slab Creamery, has announced a new development deal to open 40 new franchised locations in Canada in partnership with Canadian Ice Cream Company Inc. This deal will increase the brand's presence in the country from 100 to 140 units over the next 10 years, showcasing continued market growth and expansion.
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Smokey Bones, owned by FAT Brands Inc., has unveiled its revamped Bones Club loyalty program, offering instant rewards, exclusive deals, and points for future purchases. The company is also launching new menu selections and a special $5 cocktail, the Dirty Shirley. The enhanced program aims to provide exceptional experiences and inspire true loyalty among guests.
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Round Table Pizza, a pizza franchise owned by FAT Brands Inc., is offering a variety of deals at participating locations in February. On National Pizza Day, February 9, they will offer a Large Double Play Pizza for just $22.99 with a special code. From February 12 to Valentine's Day, they will offer $5 off any Large or XL Pizza, including a Large Heart Shaped Pizza. The company is doubling down on their commitment to 'Share a Little Pizza with Someone You Love' and is looking forward to serving heart-shaped pizzas with their signature ingredients.
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FAT Brands Inc. announces the impact of FAT Brands Foundation in its local communities during its first year of giving, awarding over $250,000 to 43 local non-profits across 19 states and Washington D.C. The foundation supported causes such as food insecurity, health, education, youth development, the arts, and more, including organizations tied to the fires in Maui, Hawaii, and the tragedy in Allen, Texas. The foundation is committed to continuing its work supporting local non-profits in 2024. For more information, visit www.fatbrands.com/foundation.
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FAT Brands Inc. continued its growth in 2023 with 125 new store openings and over 200 stores added to its 1,200-unit development pipeline. The company celebrated milestones including the 400th location for Great American Cookies and the 100th location for Twin Peaks. FAT Brands also expanded its iconic brands to new markets globally. The company received significant recognition from industry publications and continues to tap into cross-brand synergies.
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FAT Brands Inc. (FAT) announces the grand opening of its inaugural West Coast co-branded Johnny Rockets and Hurricane Wings restaurant in Alhambra, California. The new location marks a milestone in the expansion of the co-branded model that brings together Johnny Rockets' iconic burgers and Hurricane Grill & Wings' fiery selection of beach-inspired wing flavors. The company's COO, Jake Berchtold, expressed excitement about the opening and highlighted the synergy between the two family-oriented brands. The grand opening celebration includes a ribbon cutting with the Alhambra Chamber of Commerce and offers freebies for the first 100 customers, aiming to generate excitement in the Alhambra community.
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FAT Brands Inc. (NASDAQ: FAT) declares a cash dividend of $0.14 per share for its fiscal 2024 first quarter, payable on March 1, 2024, to holders of record as of February 15, 2024. The declaration and payment of future dividends are subject to the discretion of the Company’s Board of Directors, depending on the Company’s future results of operations, financial condition, capital levels, cash requirements, and other factors.
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Fazoli’s, owned by FAT Brands Inc. (FAT), introduces new Stuffed Shells pasta dishes and Italian Cream Cake dessert. The new menu items are available at participating locations through April 1, 2024. Fazoli’s is known for its fast and fresh Italian cuisine, including pasta, salads, pizza, sub sandwiches, and unlimited signature breadsticks.
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Round Table Pizza (FAT) introduces Crispy Mini Pepperoni & Bacon Italiano Pizza and Churro Twists, featuring new Parmesan Italiano New York Style Crust. The limited-time offerings are available through March 24, 2024, at participating locations nationwide.
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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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