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.
FAT Brands Inc. (NASDAQ: FAT) has declared a cash dividend of $0.13 per share for the fourth quarter of fiscal 2021. This dividend applies to both Class A and Class B common stock, with a payment date set for December 1, 2021. Shareholders on record by the close of business on November 17, 2021 will receive the dividend. Future dividends will depend on the company’s financial condition and results. FAT Brands operates well-known restaurant chains like Fatburger and Round Table Pizza, boasting over 2,000 franchise units globally.
FAT Brands reported fiscal Q3 2021 financial results, revealing total revenue of $29.8 million, up 628% from $4.1 million in Q3 2020. The company closed its third acquisition in a year, Twin Peaks, for $300 million, expanding its restaurant portfolio significantly. System-wide same-store sales grew 16.2% year-over-year, with a 7% increase in domestic locations. However, there was a net loss of $3.6 million per diluted share. The company plans to acquire Fazoli's for $130 million, expected to add $14.5-$15 million to EBITDA in 2022.
FAT Brands Inc. (NASDAQ: FAT) announced its acquisition of Fazoli’s, the largest premium QSR Italian chain in the U.S., for $130 million. This strategic move, funded through new notes from securitization facilities, is set to close by mid-December 2021. With over 200 Fazoli’s locations and a pipeline for 100 additional units, FAT Brands anticipates a significant expansion, aiming for more than $2.1 billion in system-wide sales by 2022. The acquisition is expected to boost normalized EBITDA by approximately $14.5 to $15 million in 2022.
FAT Brands Inc. (NASDAQ: FAT) will host a conference call on November 4, 2021, at 5:00 PM ET to discuss its third quarter 2021 financial results. A press release detailing these results will be issued before the call. The call can be accessed via phone or webcast. FAT Brands, which owns multiple restaurant concepts including Fatburger and Round Table Pizza, continues to expand its franchise portfolio globally.
FAT Brands announces the appointment of Kenneth J. Anderson to its board of directors on October 25, 2021. Anderson brings over 35 years of financial expertise, focusing on strategic planning for high-net-worth family groups. He has experience from various roles, including CEO of Cedar Tree Capital and Director at Aspiriant. CEO Andy Wiederhorn expressed confidence in Anderson's unique skills to support FAT Brands' growth, particularly in navigating the restaurant space, which has seen significant acquisitions recently.
FAT Brands has appointed Amy V. Forrestal to its board of directors, bringing over 30 years of advisory experience in the restaurant and retail sectors. Known for her successful background in mergers and acquisitions, Forrestal previously established the Restaurant and Hospitality Group at Brookwood Associates. CEO Andy Wiederhorn highlighted her impressive track record and expects her to enhance FAT Brands' acquisition strategy. The company currently owns 15 restaurant brands and operates over 2,100 franchise units worldwide.
Hot Dog on a Stick has launched a new limited-time offer featuring Cheetos Flamin’ Hot Sticks served with Chipotle Aioli and Strawberry Mango Lemonade with Tajin. Customers can upgrade any stick item for an additional $0.99. This collaboration with Frito-Lay/PepsiCo enhances the restaurant's menu offerings, aiming to attract younger consumers. The special items will be available until January 16, 2022 and are expected to drive sales during the fall season.
LOS ANGELES, Oct. 01, 2021 – FAT Brands has completed its acquisition of the Twin Peaks restaurant chain from Garnett Station Partners for $300 million. This marks FAT Brands' entry into the polished casual dining segment, increasing its total stores to over 2,100 with annual system-wide sales of approximately $1.8 billion. The acquisition is projected to boost normalized EBITDA by $25 to $30 million. This is FAT Brands' third acquisition in 12 months, following Johnny Rockets and Global Franchise Group.
FAT Brands Inc. (NASDAQ: FAT) has announced the pricing of $250 million of its FATTP Series 2021-1 Fixed Rate Asset-Backed Notes, intended to finance the acquisition of the Twin Peaks restaurant chain. This marks FAT Brands' fifth securitization transaction, with a fixed interest rate of 8.00%. The acquisition will allow FAT Brands to enter the polished-casual dining sector and increase franchised locations for Twin Peaks. The transaction was well-received by investors, showcasing strong demand and effective execution by Jefferies.
