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 (FATBW) is a global leader in multi-brand restaurant franchising, managing a diverse portfolio of quick-service, fast-casual, and casual dining concepts. This page serves as the definitive source for official company announcements, financial updates, and strategic developments impacting its franchise network and investors.
Access real-time press releases, earnings reports, and partnership announcements to stay informed about FAT Brands' franchising growth, acquisitions, and operational milestones. The curated news collection provides transparent insights into the company's performance across its restaurant brands while maintaining compliance with financial disclosure standards.
Key updates include franchise expansion initiatives, leadership changes, menu innovations, and market penetration strategies. Investors and analysts will find essential resources for tracking royalty revenue trends, brand performance metrics, and corporate governance updates critical to evaluating FAT Brands' position in the competitive restaurant industry.
Bookmark this page for streamlined access to verified FATBW news. Check back regularly for the latest developments affecting one of the restaurant sector's most dynamic franchisors.
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.
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.
