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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 has announced new limited-time cereal-inspired milkshakes at Johnny Rockets, available until May 30, 2022. The shakes, featuring Cinnamon Toast Crunch and Trix, aim to evoke nostalgia among customers. On National Cereal Day (March 7), registered fans can receive $5 off any online order of two shakes. This promotion reinforces the brand's commitment to innovative menu items while enhancing the guest experience. With over 325 locations globally, Johnny Rockets continues to blend classic offerings with modern twists.
FAT Brands has reported a strong finish to 2021, achieving 20 consecutive months of positive same-store sales growth. In December 2021, systemwide sales increased 21.7% year-over-year, with drive-thru sales contributing 49% to total revenue. The company reached a milestone of 1 million app users and plans to open 20 new locations in 2022, with an ambitious target of 40 new franchisees. Despite past challenges, Fazoli’s is poised for continued growth through value-driven offerings and culinary innovations.
FAT Brands Inc. (NASDAQ: FAT) has declared a cash dividend of $0.13 per share for the first quarter of fiscal 2022, payable on March 1, 2022, to shareholders on record as of February 15, 2022. This dividend will apply to both Class A and Class B common stock. The continuation of future dividends remains at the discretion of the Board of Directors and hinges on the company's operational performance and financial health.
FAT Brands, parent of Twin Peaks, announced strong growth in 2021, ranking in the top five of casual dining sales. The company executed a significant franchise agreement for 10 stores in Philadelphia and 32 locations in Mexico, reinforcing its expansion strategy. Twin Peaks opened 11 new locations across various states. The brand introduced innovative menu items and a virtual chicken concept, Good as Cluck, to enhance off-premise sales. Recognized by industry awards, Twin Peaks aims to solidify its status as a top casual dining destination.
FAT Brands Inc. (NASDAQ: FAT) announced its virtual participation in the Jefferies Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit on January 25, 2022, at 2:30 pm ET. CEO Andy Wiederhorn will host the presentation, which will be available via live webcast and replay for 30 days. FAT Brands, a global franchising company, owns 17 restaurant brands, including Fatburger and Johnny Rockets, and franchises over 2,300 units worldwide.
FAT Brands has opened three new Johnny Rockets locations in Brazil and Chile, expanding its presence in South America. The new sites include two in Brazil and one in Chile, enhancing the brand's international reach. This expansion aligns with FAT Brands' strategy to grow the iconic all-American diner franchise since its acquisition. The locations offer a classic dining atmosphere and high-quality menu items, serving both dine-in and delivery customers.
FAT Brands announced a major expansion into Florida with a 10-store franchise deal in Orlando, set to open over the next six years. This agreement, in partnership with Whole Factor Inc., aims to enhance the presence of both Fatburger and Buffalo’s Express in the region, following a previously announced 25-store development in Illinois. CEO Andy Wiederhorn highlighted the potential for these brands to attract both locals and tourists. The chain has a legacy of custom-made burgers and famous wings, appealing to a diverse customer base.
FAT Brands Inc. (NASDAQ: FAT) will participate virtually in the 2022 ICR Conference on January 10, 2022, at 9:00 am ET. The company's President and CEO, Andy Wiederhorn, will host a presentation aimed at institutional investors. The event will be webcast live and available for replay for 90 days. Interested investors can schedule 1x1 meetings through the ICR Conference website. FAT Brands operates 17 restaurant brands globally, including Fatburger and Johnny Rockets, and franchises over 2,300 units worldwide.
FAT Brands (NASDAQ: FAT) announced the completion of its $20 million acquisition of Native Grill & Wings from Wingtime, LLC. This acquisition enhances FAT Brands' presence in the chicken wing market, bringing its total to over 2,300 franchised and corporate stores with system-wide sales of approximately $2.2 billion. Previously this year, FAT Brands successfully acquired Fazoli’s, Twin Peaks, and Global Franchise Group, underscoring its aggressive expansion strategy in the dining sector.
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