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. (NASDAQ: FAT) has declared a cash dividend of $0.13 per share for the first quarter of fiscal 2022, payable on March 1, 2022, to shareholders on record as of February 15, 2022. This dividend will apply to both Class A and Class B common stock. The continuation of future dividends remains at the discretion of the Board of Directors and hinges on the company's operational performance and financial health.
FAT Brands, parent of Twin Peaks, announced strong growth in 2021, ranking in the top five of casual dining sales. The company executed a significant franchise agreement for 10 stores in Philadelphia and 32 locations in Mexico, reinforcing its expansion strategy. Twin Peaks opened 11 new locations across various states. The brand introduced innovative menu items and a virtual chicken concept, Good as Cluck, to enhance off-premise sales. Recognized by industry awards, Twin Peaks aims to solidify its status as a top casual dining destination.
FAT Brands Inc. (NASDAQ: FAT) announced its virtual participation in the Jefferies Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit on January 25, 2022, at 2:30 pm ET. CEO Andy Wiederhorn will host the presentation, which will be available via live webcast and replay for 30 days. FAT Brands, a global franchising company, owns 17 restaurant brands, including Fatburger and Johnny Rockets, and franchises over 2,300 units worldwide.
FAT Brands has opened three new Johnny Rockets locations in Brazil and Chile, expanding its presence in South America. The new sites include two in Brazil and one in Chile, enhancing the brand's international reach. This expansion aligns with FAT Brands' strategy to grow the iconic all-American diner franchise since its acquisition. The locations offer a classic dining atmosphere and high-quality menu items, serving both dine-in and delivery customers.
FAT Brands announced a major expansion into Florida with a 10-store franchise deal in Orlando, set to open over the next six years. This agreement, in partnership with Whole Factor Inc., aims to enhance the presence of both Fatburger and Buffalo’s Express in the region, following a previously announced 25-store development in Illinois. CEO Andy Wiederhorn highlighted the potential for these brands to attract both locals and tourists. The chain has a legacy of custom-made burgers and famous wings, appealing to a diverse customer base.
FAT Brands Inc. (NASDAQ: FAT) will participate virtually in the 2022 ICR Conference on January 10, 2022, at 9:00 am ET. The company's President and CEO, Andy Wiederhorn, will host a presentation aimed at institutional investors. The event will be webcast live and available for replay for 90 days. Interested investors can schedule 1x1 meetings through the ICR Conference website. FAT Brands operates 17 restaurant brands globally, including Fatburger and Johnny Rockets, and franchises over 2,300 units worldwide.
FAT Brands (NASDAQ: FAT) announced the completion of its $20 million acquisition of Native Grill & Wings from Wingtime, LLC. This acquisition enhances FAT Brands' presence in the chicken wing market, bringing its total to over 2,300 franchised and corporate stores with system-wide sales of approximately $2.2 billion. Previously this year, FAT Brands successfully acquired Fazoli’s, Twin Peaks, and Global Franchise Group, underscoring its aggressive expansion strategy in the dining sector.
FAT Brands has completed the acquisition of Fazoli's for $130 million, entering the Italian quick-service dining space. With over 200 locations and a goal of 100 new units over the coming years, the acquisition boosts FAT's total stores to approximately 2,300. This strategic move is expected to drive 2022 systemwide sales to exceed $2.2 billion. Both companies show optimistic growth forecasts, with Fazoli's having a record-setting sales year and plans to expand internationally.
FAT Brands Inc. announced a significant expansion into Libya with plans to open 10 new franchised restaurants over the next three years. This includes five co-branded Johnny Rockets and Hurricane Grill & Wings locations and five co-branded Fatburger and Buffalo's Express restaurants. Franchisee Al Majmoua Al Moutakamila will lead this initiative. This expansion follows recent growth in the UAE and surrounding countries, demonstrating FAT Brands' commitment to the Middle East. CEO Andy Wiederhorn emphasized the region's potential for quick-service restaurants.
FAT Brands announces the opening of a co-branded Fatburger and Buffalo’s Express in Greenbrier, Arkansas. This marks the brand's expansion into a new state, following successful openings in Alabama, Louisiana, and Texas. CEO Andy Wiederhorn highlighted strong sales performance in the South, reinforcing the popularity of the co-branded concept. The location will serve a variety of menu items, including customized burgers and wings, and will operate from 10:30 a.m. to 10 p.m. on weekdays and 10:30 a.m. to 11 p.m. on weekends. For more details, visit www.fatburger.com.