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) will host a conference call on May 11, 2021, at 5:00 PM ET to discuss its first quarter 2021 financial results. A press release with these results will precede the call. The live conference call can be accessed by dialing 1-877-705-6003, with a replay available until May 18. The call will be led by President and CEO Andy Wiederhorn and streamed on the corporate website.
FAT Brands operates nine global restaurant brands, including Fatburger and Johnny Rockets, and franchises over 675 units worldwide.
FAT Brands Inc. (NASDAQ: FAT) announced a quarterly cash dividend of $0.13 per share, declared on April 20, 2021. This dividend is payable on May 7, 2021 to stockholders on record as of May 3, 2021. The future of dividends is uncertain and will depend on the company's financial performance, capital levels, and cash requirements.
FAT Brands operates diverse restaurant concepts including Fatburger and Johnny Rockets, with over 700 franchises worldwide.
FAT Brands Inc. (NASDAQ: FAT) has successfully completed a $144,472,000 offering of Series 2021-1 Fixed Rate Asset-Backed Notes. This transaction significantly reduces the cost of capital compared to previous securitizations, providing excess capital for future acquisitions. The fixed interest rate for the issued notes is 5.92% per annum. CEO Andy Wiederhorn highlighted strong investor demand and the company's recovery in sales, with year-to-date figures exceeding 2019 and 2020 sales. The company plans to use the new capital to target high-growth acquisitions in a robust market.
FAT Brands announces a master franchise deal to develop 40 co-branded Fatburger and Buffalo’s Express locations throughout France, marking its first expansion into the country. This collaboration with BGH Investments follows the plan to open two Fatburger locations in Paris within 18 months. The CEO, Andy Wiederhorn, emphasized the importance of expansion and the demand for American cuisine in France. The deal will also introduce Buffalo’s Express wings to local consumers, further broadening their market presence.
FAT Brands Inc. has announced the opening of two new Johnny Rockets locations in Brazil and Chile, expanding its presence in South America. CEO Andy Wiederhorn highlighted the strong demand for their offerings as a reason for the expansion. The new locations are situated in São José, Brazil, and Patio Copiapo, Chile, with the latter focusing on delivery and takeout. Since its inception in 1986, Johnny Rockets has established a global presence with over 325 locations in 26 countries. The brand is known for its classic American fare and excellent guest experience.
FAT Brands reported Q4 and full-year 2020 financial results, highlighting a 24% revenue increase to $6.5 million compared to Q4 2019. However, excluding Johnny Rockets, revenue declined 19%. The company faced a net loss of $7.7 million or $0.64 per share, significantly worse than the $1.0 million loss in Q4 2019. System-wide sales growth was notable at 46.0% quarter-over-quarter, with 29 new franchised store openings. The company plans further acquisitions and expansion, leveraging its whole business securitization facility.
FAT Brands Inc. (NASDAQ: FAT) will host a conference call on March 25, 2021, at 5:00 PM ET to discuss its fourth quarter and full year 2020 financial results. The call will be accessible via phone and webcast, with details available on its corporate website. President and CEO Andy Wiederhorn, along with CFO Rebecca D. Hershinger, will lead the discussion. FAT Brands is a global franchising company that operates nine restaurant brands, including Fatburger and Johnny Rockets, with over 675 units globally.
FAT Brands Inc. (NASDAQ: FAT), the parent company of popular restaurant chains like Fatburger and Johnny Rockets, will participate in the 33rd Annual Roth Conference. CEO Andy Wiederhorn is set to host virtual investor meetings on March 17, 2021. The company, which franchises over 675 units worldwide, focuses on acquiring and developing fast casual and casual dining concepts.
FAT Brands is expanding its global reach by announcing a multi-unit development agreement to open five Fatburger and Buffalo’s Express locations in the Democratic Republic of Congo. This strategic move follows their earlier successes in Tunisia and Egypt. CEO Andy Wiederhorn emphasized the rising demand for fast casual dining in Africa. The brand is renowned for its customizable burgers and wings, featuring a diverse menu that includes fries and milkshakes.
With nine restaurant brands and over 675 units globally, FAT Brands aims to capitalize on the growing consumer interest in fast casual food.
FAT Brands Inc. has announced the opening of two new co-branded locations for Fatburger and Buffalo’s Express in Ehrenberg, AZ, and Ladera Heights, CA, signaling their aggressive growth plans for 2021. CEO Andy Wiederhorn emphasized the strategic choice of locations based on existing fanbases and potential in new markets. The Ehrenberg site is expected to attract customers with its 10 am to 10 pm operation, while the Ladera Heights location will serve diners from 11 am to midnight. This expansion is part of FAT Brands' broader strategy to enhance their restaurant footprint.
