Welcome to our dedicated page for FAT Brands 8.25% Series B Cumulative Preferred Stock news (Ticker: FATBP), a resource for investors and traders seeking the latest updates and insights on FAT Brands 8.25% Series B Cumulative Preferred Stock stock.
FAT Brands Inc. is a leading, global, multi-brand restaurant franchising company that strategically develops, markets, and acquires restaurant concepts worldwide. The company operates Fatburger, Buffalo’s Cafe, Buffalo's Express, and the Ponderosa & Bonanza Steakhouse concepts with over 300 locations worldwide. Their in-house support teams across various departments are dedicated to helping franchisees achieve entrepreneurial success. Through strategically aligned, complimentary restaurant concepts, franchisees have the opportunity for continued growth and brand diversification.
FAT Brands Inc. is a multi-brand restaurant franchising company that develops, markets, acquires, and manages various restaurant concepts globally. The company operates as a franchisor and generates revenue by charging franchisees fees and royalties. Brands include Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, and Elevation Burger. Most revenue is generated from the United States.
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.
Johnny Rockets, owned by FAT Brands Inc., is celebrating Mental Health Awareness Month by offering a free shake promotion where guests can send a shake to a loved one and receive one for themselves for free. Guests can participate throughout May at JohnnyRockets.com/shareasmile. The initiative aims to spread happiness and smiles by sharing the joy of their iconic hand-spun shakes. The brand, known for its burgers, shakes, fries, and fun, is committed to brightening their fans' days.
Fresh. Authentic. Tasty (FAT) Brands Inc. has opened its first brick and mortar Fatburger and Buffalo's Express location in San Antonio in partnership with Brame Brands. The new restaurant offers beloved American cuisine including made-to-order Fatburgers, chicken wings, Fat Fries, and hand-scooped milkshakes. FAT Brands plans to expand aggressively in Texas, opening 100 units across various concepts. To celebrate, the restaurant will offer free Fatburgers and a chance to win free meals for a year on grand opening day.
FAT Brands Inc. will announce its first quarter 2024 financial results on May 1, 2024. The company, known for iconic brands like Round Table Pizza and Fatburger, will host a conference call to discuss the results. Investors can access the call via phone or webcast. The press release with financial results will be issued prior to the call.
FAQ
What is the current stock price of FAT Brands 8.25% Series B Cumulative Preferred Stock (FATBP)?
How many brands does FAT Brands Inc. operate?
What is FAT Brands Inc.'s business model?
Where does FAT Brands Inc. generate the majority of its revenue?
What support does FAT Brands Inc. provide to its franchisees?
Which are some of the brands owned by FAT Brands Inc.?
How does FAT Brands Inc. help franchisees diversify their portfolio?
What is the global reach of FAT Brands Inc.?
How can franchisees contact FAT Brands Inc. for support?
What is the main focus of FAT Brands Inc.?
Who should consider franchising with FAT Brands Inc.?
