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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.
Fatburger and Death Row Records have launched a partnership to honor the 30th anniversary of the iconic hip-hop label. Starting June 1, 2021, for every XXXL Burger sold, $1.30 will be donated to the GRAMMY Museum, with a maximum total donation of $15,000. Customers can also purchase limited-edition merchandise and NFTs featuring brand logos. This initiative aims to support the legacy of African American music and celebrates the cultural significance of both brands. The promotion runs through June 30, 2021.
FAT Brands Inc. has announced an exclusive beverage partnership with PepsiCo, expanding the collaboration to include brands like Fatburger and Johnny Rockets. This new agreement allows FAT Brands restaurants to offer a diverse selection of PepsiCo beverages, enhancing customer experience and catering to evolving consumer demands. The partnership aims to drive shared growth strategies, with franchisees also benefiting from PepsiCo's digital expertise in takeout and delivery. The transition to PepsiCo products will begin across the country later this summer.
FAT Brands Inc. (NASDAQ: FAT), the owner of restaurant brands like Fatburger and Johnny Rockets, will participate in Noble Capital Markets’ Virtual Road Show Series on May 25, 2021, at 1 PM EDT. The event will include a presentation from President and CEO Andy Wiederhorn, followed by a Q&A session. Registration is free for all investors. FAT Brands currently operates nine restaurant concepts with approximately 700 units globally, focusing on fast casual and casual dining.
FAT Brands Inc., parent company of prominent restaurant chains like Fatburger and Johnny Rockets, has strengthened its executive team by appointing three key professionals: Allen Sussman as General Counsel, Ken Kuick as Chief Financial Officer, and Rob Rosen as EVP Capital Markets. CEO Andy Wiederhorn emphasized the company’s robust growth during the pandemic and its plans for further expansion. With these new hires, FAT Brands aims to enhance its acquisition strategy and operational capabilities while maintaining a strong portfolio of nine restaurant brands and approximately 700 franchise units globally.
FAT Brands reported a 50% increase in total revenues to $6.6 million for Q1 2021, compared to Q1 2020. The company showed system-wide sales growth of 35.3%, with strong performance from Fatburger and Buffalo’s. Despite these gains, FAT Brands recorded a net loss of $2.4 million or ($0.20) per share, unchanged from the prior year. EBITDA improved to $585,000, and adjusted EBITDA rose to $1.1 million. The recent $144.5 million securitization transaction significantly lowers costs and enhances liquidity for future growth.
FAT Brands Inc. announces new plant-based menu items at Johnny Rockets, including the Impossible Burger, Craig’s Vegan Shakes, and Daiya Cheddar Style Slices. This initiative aims to enhance customer options while keeping the brand's nostalgic Americana theme intact. The plant-based offerings are expected to perform well, continuing the trend seen at other FAT Brands concepts. Customers can order these items at participating locations or through the Johnny Rockets app. FAT Brands operates nine restaurant brands, including Johnny Rockets and Fatburger, with over 700 units globally.
FAT Brands Inc. (NASDAQ: FAT) will host a conference call on May 11, 2021, at 5:00 PM ET to discuss its first quarter 2021 financial results. A press release with these results will precede the call. The live conference call can be accessed by dialing 1-877-705-6003, with a replay available until May 18. The call will be led by President and CEO Andy Wiederhorn and streamed on the corporate website.
FAT Brands operates nine global restaurant brands, including Fatburger and Johnny Rockets, and franchises over 675 units worldwide.
FAT Brands Inc. (NASDAQ: FAT) announced a quarterly cash dividend of $0.13 per share, declared on April 20, 2021. This dividend is payable on May 7, 2021 to stockholders on record as of May 3, 2021. The future of dividends is uncertain and will depend on the company's financial performance, capital levels, and cash requirements.
FAT Brands operates diverse restaurant concepts including Fatburger and Johnny Rockets, with over 700 franchises worldwide.
FAT Brands Inc. (NASDAQ: FAT) has successfully completed a $144,472,000 offering of Series 2021-1 Fixed Rate Asset-Backed Notes. This transaction significantly reduces the cost of capital compared to previous securitizations, providing excess capital for future acquisitions. The fixed interest rate for the issued notes is 5.92% per annum. CEO Andy Wiederhorn highlighted strong investor demand and the company's recovery in sales, with year-to-date figures exceeding 2019 and 2020 sales. The company plans to use the new capital to target high-growth acquisitions in a robust market.
FAT Brands announces a master franchise deal to develop 40 co-branded Fatburger and Buffalo’s Express locations throughout France, marking its first expansion into the country. This collaboration with BGH Investments follows the plan to open two Fatburger locations in Paris within 18 months. The CEO, Andy Wiederhorn, emphasized the importance of expansion and the demand for American cuisine in France. The deal will also introduce Buffalo’s Express wings to local consumers, further broadening their market presence.
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