Welcome to our dedicated page for Fat Brands news (Ticker: FAT), a resource for investors and traders seeking the latest updates and insights on Fat Brands stock.
FAT Brands Inc. (NASDAQ: FAT) is a global restaurant franchising company whose news flow reflects activity across 18 distinct restaurant concepts. As the parent of brands such as Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean, and Ponderosa and Bonanza Steakhouses, the company regularly issues updates that span multiple dining categories.
On this page, readers can find coverage of brand-level promotions and menu launches, such as new pizzas from Round Table Pizza, limited-time cookie cakes and seasonal offerings from Great American Cookies, and expansion news from Fazoli’s and Fatburger. News items also highlight store openings in new and existing markets, including co-branded locations that combine concepts like Fatburger and Buffalo’s Express.
FAT Brands also releases corporate and financial announcements, including quarterly financial results, participation in investor conferences such as the ICR Conference, and statements from management about system-wide performance, new restaurant openings, co-branding initiatives, and strategic partnerships. These updates provide insight into how the company manages its multi-brand portfolio and restaurant development pipeline.
Investors and followers of the restaurant and food service sector can use this news feed to track how FAT Brands’ concepts evolve, how the company approaches growth across fast casual, quick-service, casual dining, and polished casual dining formats, and how its franchising network responds through new units, marketing campaigns, and brand collaborations.
FAT Brands Inc. has announced a new development deal to expand its Johnny Rockets franchise into Israel, with plans for 10 new locations over the next 10 years. This partnership with F and J Master License LTD. aims to meet the growing demand for American cuisine in the region. The new restaurants will offer a selection of classic American menu items, including burgers and shakes. With over 325 locations globally, Johnny Rockets continues to build its international presence, particularly in the Middle East, where FAT Brands has seen strong performance.
FAT Brands reported a 1,042% revenue increase to $74.2 million for Q4 2021, supported by significant acquisitions and growth in same-store sales. The company successfully integrated three acquisitions, expecting an incremental $45-$50 million in EBITDA for 2022. Q4 2021 adjusted EBITDA rose to $10.4 million, up from $1.7 million YoY. However, the company's net loss widened to $19.6 million, impacting EPS at $1.38. Looking ahead, FAT Brands anticipates 120 new locations and over $2.3 billion in system-wide sales for 2022, forecasting a normalized EBITDA run rate of $90-$95 million.
FAT Brands Inc. has announced plans to expand its footprint in Alaska with three new locations of Fatburger and Buffalo's Express, set to open over the next three and a half years. This deal, in collaboration with franchisee Robert Monteith, boosts the total outlets in Alaska to four, following Monteith's successful 2020 introduction of the brands in Fairbanks. The demand for these offerings has been strong, prompting the expansion. FAT Brands currently owns 17 restaurant concepts globally and continues to focus on strategic franchise partnerships.
FAT Brands Inc. (NASDAQ: FAT) will host a conference call on March 21, 2022, at 5:00 PM ET, to discuss its fourth quarter and full year 2021 financial results. A press release will precede the call with detailed financial information. Participants can join via phone or through a live webcast on the company's website. The call will feature Andy Wiederhorn, CEO, and Ken Kuick, CFO. FAT Brands operates 17 restaurant brands and franchises over 2,300 units worldwide.
FAT Brands has announced a new development deal to launch six additional locations of Fatburger and Buffalo’s Express in Arkansas over the next four years, increasing their presence to seven locations. The first outlet opened in December 2021 in Greenbrier, which has seen strong week-over-week sales. This expansion reflects the company’s commitment to growth in the state, following positive local reception of their made-to-order burgers and wings.
FAT Brands announces the opening of its first co-branded Fatburger and Buffalo’s Express in Winchester, Kentucky, marking its expansion into the state. The restaurant offers made-to-order burgers and wings, responding to growing demand in the region. This location follows a successful opening in Arkansas and is part of the company’s strategy to enhance its presence in the South. The restaurant will operate daily with extended hours on weekends, contributing to the brand's overall growth in the fast-casual dining sector.
FAT Brands has announced new limited-time cereal-inspired milkshakes at Johnny Rockets, available until May 30, 2022. The shakes, featuring Cinnamon Toast Crunch and Trix, aim to evoke nostalgia among customers. On National Cereal Day (March 7), registered fans can receive $5 off any online order of two shakes. This promotion reinforces the brand's commitment to innovative menu items while enhancing the guest experience. With over 325 locations globally, Johnny Rockets continues to blend classic offerings with modern twists.
Summary not available.
FAT Brands has reported a strong finish to 2021, achieving 20 consecutive months of positive same-store sales growth. In December 2021, systemwide sales increased 21.7% year-over-year, with drive-thru sales contributing 49% to total revenue. The company reached a milestone of 1 million app users and plans to open 20 new locations in 2022, with an ambitious target of 40 new franchisees. Despite past challenges, Fazoli’s is poised for continued growth through value-driven offerings and culinary innovations.
FAT Brands has partnered with Sparkfly to enhance Round Table Pizza's customer engagement through a digital modernization initiative. This collaboration aims to integrate POS systems, mobile app ordering, and personalized rewards for over 450 locations across several states, including California and Nevada. Sparkfly's platform will streamline customer interactions and data management, enabling real-time rewards and reducing cart abandonment. The initiative seeks to strengthen brand loyalty and drive revenue growth, highlighting the importance of modern digital solutions in the fast-food sector.