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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.Fatburger announces the launch of the Mike’s Hot Honey Crispy Chicken Sandwich, available from June 14 to September 4, 2022. This limited-time offering features a hand-breaded chicken breast topped with pickles, bacon, and a drizzle of Mike’s Hot Honey®.
To celebrate, a launch event will occur on June 24 at Fatburger Ladera Heights, offering free sandwiches and promotional items. Fatburger's collaboration with Mike's Hot Honey marks a unique culinary partnership blending East and West Coast flavors.
FAT Brands, a leading global franchising company, will participate in the LD Micro Invitational Conference from June 7-9, 2022, at the Four Seasons Hotel Westlake Village. Andy Wiederhorn, President and CEO, is set to present on June 7 at 3:00 p.m. PDT, discussing the company's growth strategy, focusing on recent acquisitions and organic growth. The event will be available via live webcast. FAT Brands currently owns 17 restaurant brands and operates over 2,300 units worldwide.
FAT Brands (NASDAQ: FAT) has announced the acquisition of the franchised chain Nestlé Toll House Café by Chip from Crest Foods, Inc.. This deal adds approximately 85 cafés to FAT Brands' portfolio, enhancing its presence in the dessert market alongside existing brands like Great American Cookies and Marble Slab Creamery. The acquisition aims to improve supply chain efficiencies and profitability for franchisees by leveraging FAT Brands' Atlanta-based manufacturing facility.
Fatburger is celebrating National Hamburger Day by offering 500 limited edition non-fungible tokens (NFTs) that provide access to a complimentary Original Fatburger. These NFTs, created with Supper Club, will be available on May 28, 2022, on a first-come, first-served basis at www.supperclub.xyz/fatburger. Owners can redeem a coupon for their burger starting June 1 through the end of the month, establishing a unique digital collectible experience for fans.
FAT Brands Inc. has opened a new Fatburger location at the Excalibur Hotel & Casino on the Las Vegas Strip, marking its third casino presence in Las Vegas. This expansion follows the brand's successes at Red Rock Casino and Santa Fe Station. The Excalibur location will serve a full menu, including breakfast items and unique spiked milkshakes. FAT Brands plans to open another Fatburger at The Venetian Resort Las Vegas later this summer, further enhancing its footprint in the vibrant Las Vegas dining scene.
FAT Brands reported exceptional fiscal Q1 2022 financial results, marking a significant rebound from 2021. Total revenue soared to $97.4 million, a 1,365% increase from $6.6 million in Q1 2021. Adjusted EBITDA improved to $15.1 million, up from $1.1 million year-on-year. Same-store sales rose 16.8%, with 27 new restaurants opened. However, the company faced a net loss of $23.8 million or $1.45 per diluted share, compared to a loss of $2.4 million or $0.20 in the previous year. The company aims to open approximately 120 new locations in 2022.
Hot Dog on a Stick, part of FAT Brands, introduces a limited-time lemonade flavor: JOLLY RANCHER Blue Raspberry. Available throughout May, this tart lemonade blends with the candy's bold flavor, enhancing the brand's known offerings like hot dogs and cheese on a stick. Katie Thoms, Senior Director of Marketing, expressed confidence in the collaboration, aiming to deliver happiness through nostalgic flavors. FAT Brands, a global franchising company, manages 17 restaurant brands, operating over 2,300 units worldwide.
FAT Brands Inc. (NASDAQ: FAT) will host a conference call on May 5, 2022, at 6:00 PM ET, to discuss its first-quarter financial results. A press release with the results will precede the call. Participants can join by dialing 1-888-224-1121 from the U.S. or 1-773-305-6853 internationally. Replays will be available until May 12, 2022. The event will be led by CEO Andy Wiederhorn and CFO Ken Kuick. FAT Brands, a global franchising leader, encompasses 17 restaurant brands and operates over 2,300 units worldwide.
FAT Brands, parent of Fatburger, has opened its first theme park location at Six Flags Great Adventure in Jackson, NJ. This marks the second Fatburger in New Jersey, offering park visitors a menu of cooked-to-order burgers, fries, and milkshakes. COO Jake Berchtold expressed excitement about this partnership, emphasizing the brand's growth in the theme park sector. Founded 70 years ago in Los Angeles, Fatburger is celebrated for its quality burgers and unique toppings. The brand currently owns 17 restaurant concepts and franchises over 2,300 units worldwide.
FAT Brands Inc. (NASDAQ: FAT) has announced a cash dividend of $0.13 per share for the second quarter of fiscal 2022, payable on June 1, 2022, to shareholders on record as of May 16, 2022. The company's Board of Directors retains discretion over future dividends, which will depend on factors such as financial condition and operational results. FAT Brands owns 17 restaurant brands, operating over 2,300 units globally, including well-known names like Fatburger and Round Table Pizza.
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