Fat Brands Stock Price, News & Analysis

FAT Brands (NASDAQ: FAT) reported a 37% decline in total revenues to $4.1 million for Q3 2020, significantly affected by COVID-19. Despite challenges, the company closed the acquisition of Johnny Rockets, boosting its global presence to over 700 franchises with $700 million in annual system-wide sales. System-wide same-store sales grew 63.2% quarter-over-quarter, indicating recovery. However, the company recorded a net loss of $0.6 million, contrasting with a net income of $1.2 million in Q3 2019. The outlook remains cautious amid ongoing pandemic impacts.

FAT Brands has launched a new ghost kitchen in San Francisco, allowing delivery from its restaurant brands including Fatburger, Buffalo’s Express, and Hurricane Grill & Wings. This initiative aims to accelerate market entry and brand loyalty through third-party delivery services like Uber Eats and DoorDash. The effort is part of a broader development agreement with Tahoe Miller Group, which includes future expansions in San Jose and Sacramento. FAT Brands continues to explore growth opportunities in food delivery and ghost kitchen models.

FAT Brands Inc. (NASDAQ: FAT) has announced a conference call scheduled for November 10, 2020, at 5 PM ET to discuss its third quarter 2020 financial results. A press release detailing these results will be issued prior to the call. Participants can access the call by dialing 1-877-705-6003, with a replay available until November 17, 2020. The call will be hosted by CEO Andy Wiederhorn and CFO Rebecca D. Hershinger. FAT Brands operates nine restaurant brands, franchising over 700 units globally.

FAT Brands continues to expand its presence in Singapore with the opening of its fourth co-branded Fatburger and Buffalo’s Express location at Cineleisure. CEO Andy Wiederhorn expressed confidence in the Singapore market, highlighting positive reception at existing locations. The menu features customizable burgers and a variety of chicken wings, while the company operates nine brands globally, including over 700 units. This expansion reflects FAT Brands' strategic growth in international markets.

FAT Brands Inc. announced the opening of a new ghost kitchen in Philadelphia, offering delivery and takeout for its brands Elevation Burger and Hurricane Grill & Wings. This marks Elevation Burger's debut in the ghost kitchen sector, following positive outcomes from similar models in other locations. The kitchen will operate via third-party delivery services like Uber Eats and DoorDash, connecting local customers to both brands. FAT Brands continues to expand its footprint in the fast-casual dining sector, which includes nine restaurant concepts and over 700 locations worldwide.

FAT Brands Inc. announces the opening of a co-branded Fatburger and Buffalo’s Express in Camarillo, CA, marking its expansion into Ventura County. CEO Andy Wiederhorn highlights the increasing demand for burgers and wings in the area. The new location features a diverse menu with customizable burgers and a variety of wing sauces. It operates from 11:00 am to 7:00 pm on weekdays and 11:00 am to 8:00 pm on weekends, with extended holiday hours starting November 2nd.

FAT Brands announced the opening of a ghost kitchen in Dallas, Texas, in partnership with Croft Ventures. This marks the company's first ghost kitchen in the state, allowing quicker introduction of multiple restaurant brands, including Fatburger, Buffalo’s Express, and Hurricane Grill & Wings. The ghost kitchen will utilize third-party delivery services like Uber Eats and DoorDash. FAT Brands aims for significant growth in Texas with plans for additional ghost kitchens in Austin and Houston in the coming weeks.

FAT Brands Inc. has announced the opening of a new co-branded location featuring Fatburger and Buffalo's Express in Lake Balboa, California. This launch marks FAT Brands' first new establishment in the San Fernando Valley in recent years, aiming to meet the increasing demand for their offerings. The new restaurant, located at 7600 Balboa Blvd., offers a range of burgers, fries, and wings, available daily from 10:30 AM to 11:00 PM. With 70 years of legacy, Fatburger continues to attract customers with its customizable burgers and diverse menu.

FAT Brands Inc. announces the opening of its first Hurricane Grill & Wings location in California, specifically in Chula Vista. This location marks the brand's debut in the state and its first foray into the fast-casual dining segment. The new restaurant features a diverse menu, including signature wings, burgers, and tacos, alongside a full bar and patio area. Additionally, it will operate as a virtual restaurant for Fatburger, offering delivery through third-party services. The Chula Vista restaurant is set to operate daily from 11:00 AM to 10:00 PM.