Fat Brands Stock Price, News & Analysis

FAT Brands has announced the opening of its first Fatburger and Buffalo’s Express location in Kinshasa, Democratic Republic of Congo. This marks an expansion in Africa, joining existing locations in Tunisia and Marrakesh. COO Jake Berchtold highlighted the growing popularity of American cuisine in Africa and sees Kinshasa as a strategic market. The new restaurant is located at 8 Port Avenue, Gombe, Kinshasa, operating daily from 11:00 a.m. to 10:00 p.m. FAT Brands owns 17 restaurant brands and operates over 2,300 units globally.

FAT Brands announces the opening of its first co-branded Fatburger and Buffalo’s Express location in Northern Virginia, marking the third such store in the state. The restaurant offers a diverse menu featuring custom burgers and chicken wings, along with a bar serving signature cocktails and spiked milkshakes. Located at 8097 Sudley Road, Manassas, VA, the restaurant aims to cater to the D.C. area's demand for Fatburger. Founded 70 years ago, Fatburger has a strong following, known for its high-quality, customizable burgers.

FAT Brands has announced the opening of its first converted Great American Cookies location in Las Vegas, following its acquisition of the franchise. This marks a swift transition to the new brand, with the franchisee, Kimberly Wright, playing a pivotal role in the process. Two additional stores are expected to open in the city by the end of 2022. The new location features signature menu items like the Original Cookie Cake and Double Doozies.

FAT Brands operates 17 restaurant brands and over 2,300 units globally.

FAT Brands' Johnny Rockets is collaborating with Santa Monica Brew Works to unveil two limited-edition milkshake-inspired beers: Chocolate Peanut Butter Milkshake Porter and Strawberry Milkshake Porter. Launching on September 12, National Chocolate Milkshake Day, the beers will be available at select locations in Los Angeles. These craft beers offer unique flavors reminiscent of Johnny Rockets' signature shakes. The event invites fans to sample the new brews, with promotional activities planned throughout the month. This partnership underscores FAT Brands' commitment to innovative offerings, enhancing its brand experience.

LOS ANGELES, Aug. 22, 2022 – FAT Brands announces the opening of its first Fatburger and Buffalo's Express restaurant in Marrakesh, Morocco. This co-branded establishment will serve premium American food, including custom-built burgers and award-winning wings. FAT Brands, known for its global presence, operates over 200 locations worldwide and offers a diverse menu featuring various toppings and sides. The new location aims to introduce local residents to its celebrated dining experience, open daily from 12 p.m. to 1 a.m.

FAT Brands Inc. announced the opening of its first Fatburger and Buffalo’s Express locations in Mexico City, marking the beginning of a plan to establish 50 franchises in the country with Red Rombo Group. The initial location is designed to cater to local tastes, with plans for a second opening by the end of 2022. COO Jake Berchtold expressed confidence in the brand's potential popularity, as past expansions in Mexico have garnered positive responses. The new restaurant features customizable burgers, wings, and other menu items tailored to customer preferences.

FAT Brands announces its third bi-annual summit in Las Vegas from August 29 to 31, 2022. This event aims to gather around 2,000 attendees, including franchisees and suppliers, to discuss key industry topics such as entrepreneurship and consumer behavior. Prominent speakers include Magic Johnson and Gary Vaynerchuk. The company highlights its growth over the past 18 months and expects to strengthen relationships through this summit. Over 150 suppliers supported the summit, showcasing the company's vast network in the restaurant industry.

FAT Brands announced a deal to open 10 new Marble Slab Creamery franchises in Egypt over the next decade, with the first location expected in Cairo by late 2023. This expansion highlights the brand's success since its global inception in 2003 and its presence in nine countries. The company aims to leverage growth opportunities in the Egyptian market through its partnership with MENAFEX LLC.

FAT Brands Inc. (NASDAQ: FAT) reported impressive fiscal Q2 2022 results, with total revenue skyrocketing 1,141% to $102.8 million, driven by strategic acquisitions and a recovery from COVID-19. The company opened 26 new restaurants in the quarter, totaling 2,354 system-wide, and plans to expand by 120 restaurants this year. However, a net loss of $8.2 million was recorded, slightly worse than the previous year's loss. Despite increased operational costs, adjusted EBITDA rose to $29.5 million. The company remains optimistic about organic growth and future acquisitions.