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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Proceeds to Finance Acquisition of Twin Peaks Restaurant Chain

FAT Brands Inc. Announces Pricing of $250 Million Whole Business Securitization Transaction

Restaurant group FAT Brands, parent company of Fatburger, Johnny Rockets and Hurricane Grill & Wings, among others, announced Tuesday (Sept. 7) that it will open 70 ghost kitchens in the Middle East, as part of a broader development deal bringing over 200 new locations to the region.

FAT Brands Brings 70 Virtual Locations to the Middle East as Ghost Kitchen Expansion Trend Goes Global

FAT Brands Inc (NASDAQ: FAT) has partnered with franchisee Kitopi to open 136 brick-and-mortar restaurant locations across five countries in the Middle East. The financial terms of the deal were not disclosed.

FAT Brands Partners With Kitopi To Expand In Middle-East

Fatburger , Johnny Rockets , Great American Cookies ® and T hree Other FAT Brands Concepts to Roll Out Across Five Countries

FAT Brands Sets Sights on Massive Middle East Expansion with New 200+ Unit Development Deal Including 136 Brick and Mortar Restaurant Locations Plus 70 Ghost Kitchens

FAT Brands Inc. FAT, -0.17% said Wednesday it agreed to pay $300 million to buy Twin Peaks, a Dallas-based chain of more than 100 sports lodges offering cold draft beer, from seller Garnett Station Partners LLC, the New York-based private equity firm. Los Angeles-based FAT Brands said the business will increase its systemwide sales to $1.8 billion from $1.4 billion and increase its normalized Ebitda (earnings before interest, taxes, depreciation and amortization) by about $25 million to $30 million.

FAT Brands pays $300 million for sports lodge chain Twin Peaks

NEW YORK--(BUSINESS WIRE)--Garnett Station sells Twin Peaks to FAT Brands for $300 Million

Garnett Station Partners Announces Agreement to Sell Twin Peaks to FAT Brands for $300 Million

Sports Lodge Marks the First Polished Casual Dining Chain to Join FAT Brands

FAT Brands Inc. Agrees to Acquire Twin Peaks Restaurant Chain for $300 Million

FAT Brands Inc.'s (FAT) CEO Andrew Wiederhorn on Q2 2021 Results - Earnings Call Transcript

LOS ANGELES, CA, July 30, 2021 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), parent company of Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, and 10 other restaurant concepts, today announced that the Company will host a conference call to review its second quarter 2021 financial results on Thursday, August 5, 2021 at 5:00 PM ET. A press release with second quarter 2021 financial results will be issued prior to the conference call that day.

FAT Brands to Announce Second Quarter 2021 Financial Results On August 5, 2021

FAT Brands Inc. (FAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

FAT Brands Inc. (FAT) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Transaction increases FAT Brands' franchised restaurants to more than 2,000 units worldwide

FAT Brands Completes Acquisition of Global Franchise Group

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FAT Brands Inc (NASDAQ: FAT) has announced a deal to develop 50 co-branded Fatburger and Buffalo's Express locations in Mexico. The 50-store franchise deal is in partnership with the Red Rombo Group.

FAT Brands Inks 50-Store Franchise Deal To Debut Fatburger and Buffalo's Express In Mexico

FAT Brands announces deal to develop 50 co-branded Fatburger and Buffalo's Express locations in Mexico

Fatburger and Buffalo's Express Heading to Mexico with New 50-Store Deal

Proceeds to Finance Acquisition of Global Franchise Group

FAT Brands Inc. Announces Pricing of $350 Million Whole Business Securitization Transaction

Fat Brands Inc. said Monday that it has agreed to acquire Global Franchise Group in a $442.5 million cash-and-stock deal with Serruya Private Equity and Lion Capital LLP. Global Franchise Group's portfolio includes Round Table Pizza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery and Pretzelmaker.

Fat Brands to acquire Hot Dog on a Stick operator Global Franchise Group in $442.5 million deal

The stock price of FAT Brands Inc. (NASDAQ: FAT) increased by over 11% during intraday trading. This is why it happened.

FAT Stock Price Increases Over 11%: Why It Happened

FAT Brands Inc (NASDAQ: FAT) inked an agreement to acquire Global Franchise Group from Serruya Private Equity Inc and Lion Capital LLP for $442.5 million in cash and stock. Global Franchise franchises and operates five quick-service restaurant concepts, Round Table Pizza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery, and Pretzelmaker.

FAT Brands To Acquire Global Franchise Group For $442.5M

Largest Restaurant Acquisition of 2021 to include Round Table Pizza ® , Great American Cookies ® , Hot Dog on a Stick ® , Marble Slab Creamery ® and Pretzelmaker ®

FAT Brands Inc. Agrees to Acquire Global Franchise Group for $442.5 million

Beverly Hills, CA, June 22, 2021 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT, FATBP, FATBW), a leading global franchising company and parent company of iconic brands including Fatburger, Johnny Rockets, and seven other restaurant concepts, today announced the closing of its previously announced underwritten public offering of 460,000 shares of 8.25% Series B Cumulative Preferred Stock at a price to the public of $20.00 per share, which includes 60,000 shares issued and sold upon full exercise of the underwriter's option to purchase additional shares.

FAT Brands Inc. Announces Closing of Public Offering of Series B Cumulative Preferred Stock and Full Exercise of Underwriter's Overallotment Option

Beverly Hills, CA, June 17, 2021 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT, FATBP, FATBW), a leading global franchising company and parent company of iconic brands including Fatburger, Johnny Rockets, and seven other restaurant concepts, today announced the pricing of an underwritten public offering of 400,000 shares of 8.25% Series B Cumulative Preferred Stock at a price to the public of $20.00 per share.

FAT Brands Inc. Announces Pricing of Public Offering of Series B Cumulative Preferred Stock

Los Angeles, CA, June 16, 2021 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), a leading global franchising company and parent company of iconic brands including Fatburger, Johnny Rockets, and seven other restaurant concepts, today announced their participation in Roth's 7th Annual Virtual London Conference. Andy Wiederhorn, President and CEO, will virtually host investor meetings on June 21, 22 and 23, 2021.

FAT Brands Inc. Announces Participation in Roth's 7th Annual Virtual London Conference

America's Favorite 1950s Diner Introduces New, Limited Time Only Shake

Johnny Rockets Blows Candles Out on 35th Birthday with New Flavor and Free Shake Celebration

Los Angeles, CA, June 02, 2021 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), a leading global franchising company and parent company of iconic brands including Fatburger, Johnny Rockets, and seven other restaurant concepts, announced today that its Board of Directors declared the Company's fiscal 2021 second quarter cash dividend of $0.13 per share of common stock on June 1, 2021. The dividend is payable on June 21, 2021 to common stockholders of record as of the close of business on June 14, 2021.

FAT Brands Inc. Announces Second Quarter Cash Dividend on Common Stock

Iconic Hollywood Burger Brand and Original Rap Label Debut Limited -Edition Merchandise , NFT and Donation Commitment to t he GRAMMY Museum ® in Honor of Death Row' s 30 th Anniversary

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