FAT Brands

FAT Brands, Inc. engages in developing, marketing, acquiring, and managing fast casual and casual dining restaurant concepts around the world. Its brands include Yalla Mediterranean, Buffalo's Cafe & Express, Ponderosa Steakhouse and Bonanza, Fatburger, Hurricane Grill & Wings, Bonanza Steak & BBQ, and Hurricane BTW. The company was founded by Andrew A. Wiederhorn on March 21, 2017 and is headquartered in Beverly Hills, CA.

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FAT Brands posts robust Q4 earnings, eyes growth opportunities in 2023

FAT Brands reported strong financial results for Q4 2022 and fiscal year 2022, showcasing revenue growth and expansion. While challenges like store delays and margin compression exist, the company remains optimistic about future performance. Management's focus on growth strategies, cost savings, and operational efficiencies positions FAT Brands for a promising 2023.

FAT Brands posts robust Q1 results, eyes expansion and efficiency

FAT Brands delivered a strong Q1 2023 performance with notable revenue and EBITDA growth, underpinned by positive same-store and system-wide sales increases.
The company's initiatives to expand units, establish a charitable foundation, and optimize board structure position it well for future growth and operational efficiency.
While facing challenges in a competitive market, FAT Brands can capitalize on opportunities for further expansion, strategic partnerships, and brand enhancement to drive long-term success.

FAT Brands reports impressive Q2 earnings, eyes expansion and cost management

FAT Brands delivered strong financial performance in Q2 2023, with revenue and EBITDA showing robust growth. Expansion plans for new units and focus on Twin Peaks expansion present promising opportunities. Managing litigation costs and seizing growth opportunities will be key focus areas for the company.

FAT Brands reports revenue growth and unit expansion amidst challenges

FAT Brands reported solid revenue growth and unit expansion, while facing challenges in EBITDA and market conditions for Twin Peaks' IPO.
The company's co-branding strategy and international expansion present promising opportunities for future growth.
Efforts to manage securitized bonds and enhance operational capacity in Georgia are key focus areas for sustained performance.

FAT Brands reports robust Q4 growth and strategic milestones

FAT Brands delivered strong financial performance in Q4 2023 and full-year 2023, showcasing growth in revenue and adjusted EBITDA, despite short-term challenges like increased costs and a net loss.
The company's strategic strengths lie in organic growth, key milestones achieved, and a focus on franchise opportunities and operational efficiencies, positioning it for future success.
While facing challenges such as financial losses and the need for refinancing, FAT Brands has opportunities to drive profitability through cost optimization, strategic initiatives, and market expansion.

FAT Brands excels in Q1 2024, eyes IPO and international growth

FAT Brands delivered impressive financial results in Q1 2024, driven by strong revenue growth and strategic acquisitions. With a focus on organic expansion and successful franchise agreements, the company is poised for continued growth. Challenges lie in managing rapid expansion, but opportunities like the Twin Peaks IPO and international development deals offer promising prospects.

FAT Brands reports strong revenue growth, eyes strategic expansion opportunities

FAT Brands demonstrated solid revenue growth and operational performance in Q2 2024, driven by franchisee expansion and new restaurant openings.
While facing challenges in EBITDA decline and reduced new openings, the company's strategic focus on growth segments and acquisitions presents opportunities for future expansion.
Overall, FAT Brands remains well-positioned to capitalize on its established market presence and drive growth through targeted initiatives and brand portfolio enhancements.

FAT Brands reports robust revenue growth and strategic expansion plans

FAT Brands showcased strong revenue growth driven by acquisitions and expansion plans, despite a decline in adjusted EBITDA, signaling a focus on long-term value creation.
The company's emphasis on growth, financial restructuring, and operational efficiency positions it well for future success, with opportunities to enhance shareholder value and market presence.
While facing challenges in profitability and cash flow breakeven targets, FAT Brands' strategic initiatives and commitment to growth provide a positive outlook for sustained performance and value creation.

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Iconic Cookie Chain Makes Number Crunching Day a Piece of Cake LOS ANGELES, April 10, 2023 (GLOBE NEWSWIRE) -- Great American Cookies, home of the O riginal Cookie Cake, is mixing up a new deal for Tax Day this year. On April 18, fans will receive an offer a slice above the rest— buy one, get one Cookie Cake Slice free.

Great American Cookies Slices Up Free Cookie Cake Deal for Tax Day

LOS ANGELES, April 05, 2023 (GLOBE NEWSWIRE) -- Elevation Burger, the burger chain where ingredients matter, is joining the cookie craze and has unveiled brand-new cookie offerings across all locations. Fans can now enjoy sweet new Elevation Burger menu items such as fresh-baked Chocolate Chip Cookies and Chocolate Chip Cookie Ice Cream Sandwiches.

Elevation Burger Now Serving Fresh-Baked Cookie Offerings

LOS ANGELES, March 23, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Johnny Rockets and 16 other restaurant concepts, announces a new development deal set to bring 20 additional franchised Johnny Rockets locations to Mexico in the next 10 years. The brand currently operates approximately 25 restaurants throughout the country today. The new locations will open in partnership with franchisee Virko Restaurantes S.A. de C.V. and will feature the classic fare that put the brand on the map over 35 years ago, including juicy, made-to-order burgers and hand-spun shakes.

Johnny Rockets Announces 20 New Locations in Mexico

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New 501(c)(3) Organization Formed to Further Unite Communities in Which Restaurant Franchising Company Operates

FAT Brands Announces Launch of New Charitable Arm, FAT Brands Foundation

Pretze l Franchise Deliver s All-Day Menu Options to Mason City

Pretzelmaker® Opens First Drive-Thru Location in Iowa with Fresh Twist Concept

LOS ANGELES, March 16, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Great American Cookies, Marble Slab Creamery and 15 other restaurant concepts, announces a new development deal to open 10 new co-branded Great American Cookies and Marble Slab Creamery locations in Puerto Rico, in partnership with franchisee Conceptos Restaurants LLC. The Great American Cookies and Marble Slab Creamery locations are set to open over the next five years with the first two locations slated to open by 2024.

Great American Cookies and Marble Slab Creamery Announce Multi-Unit Development Deal in Puerto Rico

LOS ANGELES, March 09, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the opening of Fatburger and Buffalo's Express in Orland Park, IL with franchisee A.D.T.J. Development LLC. A.D.T.J. Development LLC, a company created in partnership with professional basketball players, Anthony Davis Jr., Derrick Rose and Tim Hardaway Jr., and Chicago businesswomen, Toi Salter and Jackie Jackson, will also be bringing additional franchised locations of Fatburger and Buffalo's Express to Illinois in the coming years.

Basketball Stars Anthony Davis Jr., Derrick Rose and Tim Hardaway Jr. Bring Fatburger Back to Illinois

On Monday, March 6th, FAT Brands announced that its CEO, Andy Wiederhorn, will leave his position and move to a strategic advisor role in May of this year.

FAT Brands CEO To Step Down

Veteran Restaurant Executive Will Assume N ew P osition as Outside Consultant and Strategic Advisor

FAT Brands Inc. Founder Andy Wiederhorn to Step Aside as CEO and Transition to Strategic Advisory Role in May 2023

LOS ANGELES, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Great American Cookies, the Original Cookie Cake franchise, announces it has officially landed in Arizona. Situated in Glendale's Tanger Outlets, the all-new location has the perfect mix of Cookies Cakes, fresh-baked cookies, and brownies to fuel and satisfy shoppers' cravings.

Great American Cookies Continues to Spread Sweetness Across U.S. with Latest Arizona Opening

FAT Brands Inc. (NASDAQ:FAT ) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Andy Wiederhorn - President & Chief Executive Officer Ken Kuick - Chief Financial Officer Conference Call Participants Joe Gomes - NOBLE Capital Operator Good afternoon, ladies and gentlemen and thank you for standing by. Welcome to the FAT Brands Inc. Fourth Quarter and Fiscal Year 2022 Earnings Conference Call.

FAT Brands Inc. (FAT) Q4 2022 Earnings Call Transcript

Conference call and webcast today at 5:00 p.m. ET

FAT BRANDS INC. REPORTS FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS

All-American Chain Becomes First Branded Fast Casual Restaurant to Add Eggo ® Waffles to Menu

Johnny Rockets to L'Eggo The Bun for All-New, Limited-Time Chicken & Waffle Sandwich Made with Eggo® Waffles

LOS ANGELES, Feb. 17, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, Fazoli's and 12 other restaurant concepts today announced that the Company will host a conference call to review its fourth quarter and fiscal year 2022 financial results on Wednesday, February 22, 2023 at 5:00 PM ET. A press release with fourth quarter and fiscal year 2022 financial results will be issued prior to the conference call that day.

FAT Brands to Announce Fourth Quarter and Fiscal Year 2022 Financial Results On February 22, 2023

LOS ANGELES, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Great American Cookies, the Original Cookie Cake franchise, announces its debut in Illinois with two new locations situated in the Chicago suburbs of Schaumburg and Orland Park. Locals can now enjoy desserts that hit the sweet spot, including a variety of fresh-baked cookies and Create-Your-Own Cookie Cakes.

Great American Cookies Expands into Illinois with Two New Locations

The ultimate sports lodge continues to perform at a high level , opening nine new restaurants and landing five major development agreements

Twin Peaks Nears 100 Locations to Finish Award-Filled 2022

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LOS ANGELES, Feb. 06, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., a leading global franchising company that owns a number of iconic restaurant brands, including Johnny Rockets, Fatburger, Round Table Pizza, Twin Peaks, Fazoli's and 12 other concepts, announces it has experienced a historic year of growth, opening 142 new stores in 2022 and adding a total of 362 stores to its development pipeline which spans 29 states and 17 countries.

FAT Brands Accelerates Organic Growth in 2022 with 362 Stores Added to Development Pipeline

NEW YORK--( BUSINESS WIRE )--ICR, a leading strategic communications and advisory firm, is pleased to announce that Andy Wiederhorn, President and CEO of FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Twin Peaks, Fazoli's and 11 other restaurant concepts, recently appeared on Episode 59 of ICR's “Welcome to the Arena” podcast.

ICR Hosts FAT Brands CEO Andy Wiederhorn on the Welcome to the Arena Podcast

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Great American Cookies Opens First Location in New Mexico

LOS ANGELES, Jan. 11, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc parent company of Fazoli's, and 16 other restaurant concepts, announces a new development agreement in partnership with franchisee Jorge Rodriguez Lockwood to bring five Fazoli's locations to Puerto Rico over the next six years with the first opening expected in late 2023.

Fazoli's to Make Debut in Puerto Rico with New Area Development Deal

LOS ANGELES, Jan. 03, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, Fazoli's and 12 other restaurant concepts, today announced their participation in the 2023 ICR Conference. Andy Wiederhorn, President and CEO, and Jim Neuhauser, Executive Chairman of the Board of Directors, will host a fireside chat on Monday, January 9th, 2023 at 4:00 PM ET. Institutional investors interested in scheduling a 1x1 meeting with management should contact their ICR representative.

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