FAT Brands Inc. Warrant - FATBW STOCK NEWS

FAT Brands Inc. announces the opening of a new Johnny Rockets restaurant in Abu Dhabi, UAE, marking an expansion milestone with franchise partner Kitopi. This location is part of a larger agreement for 136 brick-and-mortar and 70 ghost kitchen outlets across the Middle East. The first Johnny Rockets opened in 1986 and has grown to over 325 locations globally.

The Abu Dhabi restaurant is part of a strategic push into the Middle Eastern market following the partnership with Kitopi established in 2021. The restaurant will serve classic American meals, including burgers, fries, and shakes. Continued expansion is planned, including another Johnny Rockets opening in Dubai soon.

FAT Brands Inc., the parent company of Johnny Rockets, is expanding its international presence with a new location at Kempegowda International Airport in Bengaluru, India. This restaurant, part of a partnership with HMSHost, will serve classic American fare such as made-to-order burgers and hand-spun shakes. According to COO Jake Berchtold, this expansion into non-traditional venues reflects a significant growth strategy for the brand. The new outlet is positioned to cater to the rising demand in the air travel sector, particularly with the recent opening of Terminal 2 at Bengaluru Airport. Operating hours for the new location will be from 2 a.m. to 12 a.m. daily. This marks another step in Johnny Rockets’ commitment to delivering quality dining experiences in diverse locations worldwide.

FAT Brands is set to celebrate the grand reopening of its iconic Hot Dog on a Stick location at Muscle Beach on April 22, 2023. The event marks the brand's anniversary, having originally opened in 1946. Between 2:00 p.m. and 4:00 p.m., attendees can enjoy free small Original Lemonades and participate in lemon stomping activities. The celebration also welcomes former employees, known as 'Hotdoggers', and offers giveaways including exclusive merchandise. FAT Brands, recognized for its diverse portfolio of more than 17 restaurant brands, emphasizes the cultural significance of Hot Dog on a Stick in American food history. The event, supported by partners Limoneira and HEINZ, represents a strategic marketing push to strengthen customer engagement and brand loyalty.

FAT Brands Inc. (NASDAQ: FAT) has announced a cash dividend of $0.14 per share for the second quarter of fiscal 2023, payable on June 1, 2023, to shareholders on record by May 15, 2023. The declaration of future dividends is subject to the discretion of the Board of Directors, dependent on the company’s financial performance and operational needs. FAT Brands operates a diverse portfolio of restaurant franchises, including iconic brands such as Round Table Pizza and Fatburger, with over 2,300 units worldwide. Shareholders should be aware that future dividend payments are not guaranteed and may vary based on the company's performance.