Welcome to our dedicated page for Fat Brands news (Ticker: FATBW), a resource for investors and traders seeking the latest updates and insights on Fat Brands stock.
FAT Brands Inc. is a global, multi-brand restaurant franchising company that strategically develops, markets, and acquires various restaurant concepts worldwide. With over 300 locations, including Fatburger, Buffalo’s Cafe, Buffalo's Express, and Ponderosa & Bonanza Steakhouse, the company's dedicated support teams assist franchisees in operations, construction, purchasing, training, and marketing to achieve entrepreneurial success. The company offers diverse restaurant concepts for franchisees to grow and expand their portfolios across different industry segments.FAT Brands (NASDAQ: FAT) has reported its fiscal Q4 and full year 2024 results, marked by expansion and strategic restructuring. The company opened 92 new restaurants in 2024 and secured over 250 franchise agreements, growing their development pipeline to 1,000 locations.
For Q4 2024, total revenue decreased 8.4% to $145.3 million, with system-wide same-store sales declining 1.6%. The company reported a net loss of $67.4 million ($4.06 per share). Full-year 2024 showed revenue growth of 23.4% to $592.7 million, despite a net loss of $189.8 million ($11.60 per share).
Strategic initiatives include the spin-out of Twin Hospitality Group Inc. and plans to refranchise 57 Fazoli's locations, aiming to return to an almost 100% franchised model. The company projects opening more than 100 additional restaurants across its portfolio in 2025.
FAT Brands (NASDAQ: FAT) has announced the opening of a new co-branded Great American Cookies and Marble Slab Creamery location in Huber Heights, Ohio. This marks the first co-branded location of these sister brands in the state, complementing existing Great American Cookies stores in Columbus and Dublin.
The new location at 7624 Old Troy Pike offers an integrated experience featuring Cookie Cakes, homemade Ice Cream with unlimited Mix-Ins, Create Your Own Cookie Shakes, and Ice Cream Sandwiches. Operating hours are Monday through Saturday, 11:00 a.m. to 9:00 p.m., and Sunday, 11:00 a.m. to 7:00 p.m.
Great American Cookies, founded in 1977, is known for its Original Cookie Cake and chocolate chip cookie recipe, while Marble Slab Creamery, established in 1983, pioneered the frozen slab technique and offers homemade, small-batch ice cream with free unlimited Mix-Ins.
Pretzelmaker, owned by FAT Brands (NASDAQ: FAT), has opened its third location in Nebraska, situated in Grand Island at 1229 Allen Drive. The new store expands the brand's presence in the Cornhusker State, offering their signature fresh-baked Pretzel Bites, all-natural lemonade, and various menu items.
The location operates Monday through Saturday from 10:00 a.m. to 10:00 p.m. and Sunday from 12:00 p.m. to 6:00 p.m. Pretzelmaker, which started in 1991, has grown to become the second-largest soft pretzel concept in the U.S. with over 280 locations worldwide. The brand is part of FAT Brands' portfolio, which includes 18 restaurant brands and over 2,300 units globally.
FAT Brands (NASDAQ: FAT), a global franchising company owning brands like Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, Fazoli's and 13 other restaurant concepts, has scheduled its Q4 and Full Year 2024 financial results announcement for February 27, 2025.
The company will host a conference call at 4:30 PM ET following the release of financial results. The call will be led by Chairman Andy Wiederhorn and Co-CEO/CFO Ken Kuick. Investors can join via phone (U.S.: 1-877-704-4453, International: 1-201-389-0920) or webcast through www.fatbrands.com's Investors section. A replay will be available until March 20, 2025 (U.S.: 1-844-512-2921, International: 1-412-317-6671, passcode: 13751410).
Fazoli's, owned by FAT Brands (NASDAQ: FAT), launches new Lasagna Rolls menu items available from February 4 through April 28, 2025. The -time offering includes four variations: a Lasagna Roll and Fettuccine Alfredo Duo starting at $5.99, Classic Lasagna Roll with sausage and mushrooms, Chicken Alfredo Lasagna Roll, and Shrimp Alfredo Lasagna Roll.
The chain is also bringing back its popular Italian Cream Cake dessert, featuring vanilla cake with Italian mascarpone mousse and lemon hints. Fazoli's, America's largest QSR Italian chain, operates nearly 220 restaurants across 27 states and is part of FAT Brands' portfolio of 18 restaurant brands with approximately 2,300 units worldwide.
Round Table Pizza, owned by FAT Brands Inc. (NASDAQ: FAT), announces special promotions for February 2025. From February 7-9, customers can get a Large Double Play Pizza for $21.99 using code RTP808 online. From February 14-17, a 14% discount is offered on L or XL pizzas, including heart-shaped options, using code RTP125.
The Double Play Pizza features the brand's three cheese blend, zesty red sauce, and both classic and mini pepperoni. Round Table Pizza, founded in 1959, is known for its proprietary dough recipe and premium ingredients. The brand operates over 410 restaurants globally and is part of FAT Brands' portfolio of 18 restaurant brands with over 2,300 units worldwide.
Hot Dog on a Stick, owned by FAT Brands Inc. (NASDAQ: FAT), has announced a new location opening in St. George, Utah at the Red Cliffs Mall. The expansion is in partnership with YouTube influencers Benji and Tiffany Nelson, known for their channel 'Not Enough Nelsons'.
The new location features the brand's classic menu items, including their signature hand-stomped lemonade and made-to-order Hot Dog on a Stick and Cheese on a Stick products. Operating hours are Monday through Thursday 10:00 a.m. to 8:00 p.m., Friday and Saturday 10:00 a.m. to 9:00 p.m., and Sunday 12:00 p.m. to 5:00 p.m.
Hot Dog on a Stick, founded in 1946 in Santa Monica, CA, has grown from a single beach-front stand to approximately 50 locations across the United States. This expansion is part of FAT Brands' broader portfolio, which includes 18 restaurant brands and over 2,300 units worldwide.
FAT Brands subsidiaries Great American Cookies and Marble Slab Creamery have launched new Turtle Cookies and Ice Cream made with SNICKERS, available from January 27 through April 27, 2025. The -time offerings feature chocolate cookie dough with caramel, pecans, and chopped SNICKERS for the cookies, while the ice cream combines Marble Slab's chocolate ice cream with pecans, caramel sauce, and SNICKERS pieces.
This partnership with Mars' SNICKERS brand represents FAT Brands' commitment to innovation and collaboration with prominent brands. FAT Brands currently operates 18 restaurant brands with over 2,300 units worldwide, including popular chains like Round Table Pizza, Fatburger, and Johnny Rockets.
FAT Brands has announced important updates regarding its previously disclosed partial spin-off of Twin Hospitality Group. The company will distribute a special stock dividend of 0.1520207 shares of Twin Hospitality Class A Common Stock for each share of FAT Brands Class A and B Common Stock held as of January 27, 2025.
Holders of FAT Brands' Warrants (FATBW) must exercise their warrants before the record date to receive the Twin Common Stock distribution. The current warrant exercise price of $2.2142 will be adjusted downward post-record date based on Twin Common Stock's fair market value. Based on an external valuation setting Twin Common Stock at $20.00 per share, the warrant exercise price is expected to be adjusted to zero following the record date.
Buffalo's Cafe, owned by FAT Brands (NASDAQ: FAT), has launched an extensive expansion of its bar menu on January 21, 2025. The new beverage lineup includes eight new cocktails and five new margaritas, featuring both classic and innovative drinks.
Key additions include the Georgia Peach Tea made with Evan Williams Bourbon, Peach Sangria with Myers's Platinum White Rum, and a classic Old Fashioned with Elijah Craig Small Batch Bourbon. The margarita selection features new options like the Strawberry Margarita and Millionaire Margarita made with Maestro Dobel Diamante Tequila.
The menu development was a collaboration between Buffalo's culinary team and Straight Up Collective, focusing on creating drinks that would enhance the restaurant's sports-watching and social gathering atmosphere.