Fat Brands Stock Price, News & Analysis

Great American Cookies is celebrating Tax Day with a special promotion on April 18, 2023. Customers can enjoy a buy one, get one free offer on their Cookie Cake Slices at participating locations. This initiative aims to provide a sweet relief on a typically stressful day, featuring the beloved Chocolate Chip Cookie Cake. The company, known for its Original Cookie Cake, emphasizes customer appreciation with this special deal.

FAT Brands, the parent company of Great American Cookies, operates over 2,300 restaurant units globally and continues to expand its franchise portfolio. The promotion aligns with their strategy to enhance customer engagement and drive store traffic.

FAT Brands has announced the launch of new cookie offerings at Elevation Burger, including fresh-baked Chocolate Chip Cookies and Chocolate Chip Cookie Ice Cream Sandwiches. This expansion aims to enhance Elevation Burger's dessert menu and leverage synergies from FAT Brands' cookie dough manufacturing facility in Georgia. The initiative is part of a growth strategy that emphasizes collaboration among the various brands under FAT Brands' umbrella. Taylor Fischer, Vice President of Marketing, highlighted the importance of this collaboration for both Elevation Burger and FAT Brands.

FAT Brands has announced a development deal to open 20 new franchised Johnny Rockets locations in Mexico over the next 10 years, complementing the 25 existing units. This partnership with Virko Restaurantes S.A. de C.V. aims to enhance the brand's iconic presence, known for its all-American dishes like burgers and shakes. Chief Development Officer Taylor Wiederhorn highlighted the brand's success in Mexico since its launch in 1991, noting travelers’ enthusiasm for Johnny Rockets in airports. The expansion reflects FAT's broader strategy, with over 2,300 units globally across 17 restaurant brands.

FAT Brands Inc. announced the formation of the FAT Brands Foundation, a 501(c)(3) charitable organization, aimed at enhancing community engagement in areas where the company operates. Launched with a $250,000 initial donation, the foundation seeks to partner with local non-profits to deliver programs that benefit families and communities. Jessica Wiederhorn, President of the Foundation, emphasized the company's commitment to giving back and fostering positive impacts in local markets. The foundation's mission is to effectively support various community needs through dedicated efforts and ongoing assistance from FAT Brands.

Pretzelmaker has opened its first drive-thru location in Mason City, IA, partnering with franchisee Mark Frandle. This new venture offers an all-day menu featuring items like Pretzel Bites, breakfast sandwiches on pretzel rolls, and Pretzel Flatbread Pizzas.

The Fresh Twist brand was launched in 2018 to meet the demand for breakfast and late-night options. The drive-thru format is expected to enhance accessibility for on-the-go customers.

Located at 1620 S. Federal Avenue, the new restaurant operates Monday-Saturday, 10 AM to 7 PM, and Sunday, 11 AM to 5 PM.

FAT Brands has announced a new development deal to open 10 co-branded locations of Great American Cookies and Marble Slab Creamery in Puerto Rico within five years. The first two stores are expected to launch by 2024, in partnership with Conceptos Restaurants LLC. This expansion highlights FAT Brands' commitment to growth in Puerto Rico, with additional plans for 10 new Fatburger and Buffalo’s Express locations. Established in 1977, Great American Cookies is renowned for its Original Cookie Cake and chocolate chip cookies, while Marble Slab Creamery is known for its homemade ice cream and mix-ins.

FAT Brands Inc announces the opening of its first Fatburger and Buffalo’s Express location in Orland Park, IL, through franchisee A.D.T.J. Development LLC, a partnership involving NBA stars Anthony Davis Jr., Derrick Rose, and Tim Hardaway Jr. The venture marks the start of a multi-unit expansion in Illinois, driven by local businesswomen Toi Salter and Jackie Jackson, who emphasize their commitment to bringing this beloved brand back to a region with deep ties to the athletes. The grand opening on March 13 will feature promotions for the first customers, showcasing the diverse menu including customizable burgers and chicken wings.

FAT Brands Inc. announced that its founder and CEO, Andy Wiederhorn, will transition to an outside consultant and strategic advisor role effective May 5, 2023. He will continue as a Board member and his family office will remain the controlling shareholder. An interim CEO will be appointed before this transition. The change aims to alleviate distractions from a government investigation linked to Mr. Wiederhorn, allowing management to focus on shareholder value. FAT Brands, recognized as Public Company of the Year in 2022, has grown significantly, owning 17 brands with annual systemwide sales of $2.2 billion.

FAT Brands has announced the opening of a new Fazoli’s location at Phoenix Sky Harbor International Airport, Terminal 4. This new spot features a breakfast menu unique to the location, offering items like Hot Honey Chicken and Egg Breakfast Sandwiches. Fazoli's is reentering Arizona, aiming to cater to high foot traffic at the airport and expand its reach, with plans for a street-side location in Mesa later this year. The company operates nearly 220 Fazoli’s restaurants across 27 states, making it the largest premium Italian QSR chain in America. This move is part of FAT Brands’ strategy to grow its restaurant portfolio.