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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 announced a deal to open 10 new Marble Slab Creamery franchises in Egypt over the next decade, with the first location expected in Cairo by late 2023. This expansion highlights the brand's success since its global inception in 2003 and its presence in nine countries. The company aims to leverage growth opportunities in the Egyptian market through its partnership with MENAFEX LLC.
FAT Brands Inc. (NASDAQ: FAT) reported impressive fiscal Q2 2022 results, with total revenue skyrocketing 1,141% to $102.8 million, driven by strategic acquisitions and a recovery from COVID-19. The company opened 26 new restaurants in the quarter, totaling 2,354 system-wide, and plans to expand by 120 restaurants this year. However, a net loss of $8.2 million was recorded, slightly worse than the previous year's loss. Despite increased operational costs, adjusted EBITDA rose to $29.5 million. The company remains optimistic about organic growth and future acquisitions.
FAT Brands Inc. has announced the opening of its first co-branded Fatburger and Buffalo’s Express restaurant in Wichita, Kansas. This location is the initial phase of a plan to establish three such restaurants in the region. The COO, Jake Berchtold, highlighted the favorable community response since their initial development announcement in late 2020. The restaurant features an extensive menu including customizable burgers and various wing options, aiming to attract local customers.
FAT Brands, a leading global franchising company, announced a conference call to discuss its Q2 2022 financial results on July 28, 2022, at 5:00 PM ET. The results will be released prior to the call, which will be accessible via phone and webcast on the company's website. FAT Brands operates 17 restaurant brands, including Fatburger and Johnny Rockets, with over 2,300 units worldwide.
FAT Brands Inc. (NASDAQ: FAT) has declared a $0.14 per share cash dividend for Q3 fiscal 2022, marking a one-cent increase from the previous quarter. The dividend, applicable to both Class A and Class B common stock, will be payable on September 1, 2022, to shareholders of record as of August 16, 2022. Future dividends remain subject to the Board's discretion and will depend on various factors, including the company's financial condition and operational results.
FAT Brands Inc has appointed James C. Neuhauser as the new Executive Chairman of the Board, effective immediately. Neuhauser, who has been an independent director since 2017, brings over 30 years of experience in financial planning and investment banking. Edward H. Rensi transitions to Vice Chairman but will continue to provide strategic counsel. Additionally, Lynne L. Collier joins as an independent director, enhancing the board with her expertise in public capital markets, especially in the restaurant sector. This leadership change aims to strengthen investor relations and corporate governance.
LOS ANGELES, July 12, 2022 – FAT Brands announces a new limited-time offering, the Apollo Pizza, a Greek-style pizza created by employee Bryan Liupakka. Available until September 25, it features Calamata olives, feta cheese, salami, and a unique three-cheese blend. Alongside, the Apollo Salad offers a refreshing mix of romaine lettuce, artichoke hearts, and tangy Parmesan Italian Vinaigrette. This initiative stems from an employee innovation contest aimed at enhancing creativity within the company.
Marble Slab Creamery is celebrating National Ice Cream Month with special offers for Slab Happy Rewards Members throughout July 2022. From July 1-31, members can enjoy randomized rewards including a free small ice cream and buy one, get one free deals. Members can redeem these offers for seven days after their visit, limited to one reward per customer. Marble Slab Creamery has been a pioneer in the ice cream industry for nearly 40 years, known for its unique frozen slab technique and a variety of delicious flavors.
FAT Brands has announced a new development deal to open 10 new franchised locations in Puerto Rico, led by Conceptos Restaurants LLC. This expansion comes amid a strong growth year for the brand, with new locations also planned in Alaska, Arkansas, and Florida. The move highlights the rising popularity of quick-service and fast-casual dining in Puerto Rico. FAT Brands operates 17 restaurant concepts globally, owning or franchising over 2,300 units.
FAT Brands Inc. has announced a 4-store franchise development deal in Tampa, Florida, with Whole Factor Inc., as part of its expansion in the state. The stores for Fatburger and Buffalo’s Express are scheduled to open over the next three years. In addition, Whole Factor Inc. is developing ten more Fatburger and Buffalo’s Express locations in Orlando. This move highlights Florida's potential as a growth market for FAT Brands, responding to customer demand for the brand.
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