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FAT Brands Inc. - $FAT STOCK NEWS

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FAT Brands Inc. (symbol: FAT) is a prominent global player in the restaurant franchising industry. The company specializes in developing, marketing, and acquiring diverse restaurant concepts on an international scale. With a portfolio that includes Fatburger, Buffalo’s Cafe, Buffalo's Express, and Ponderosa & Bonanza Steakhouse among others, FAT Brands operates over 300 locations worldwide.

The company's business model primarily revolves around franchising. FAT Brands generates revenue by charging franchisees initial franchise fees and ongoing royalties. Although the company generally does not own or operate the restaurant locations, it does directly own and operate some units for specific brands.

FAT Brands is dedicated to providing comprehensive support to its franchisees, thereby ensuring their success. Their in-house support teams – spanning operations, construction, purchasing, architecture & design, kitchen design, training, logistics, and marketing – bring a wealth of experience and dedication to the table. This allows franchisees to operate their businesses with a high degree of independence while still benefiting from the company's extensive resources.

The company’s strategically aligned restaurant concepts offer franchisees opportunities for sustained growth and diversification. This approach enables franchisees to develop within multiple brands and industry segments, thereby enriching their portfolio.

Some of the well-known brands under the FAT Brands umbrella include Round Table Pizza, Johnny Rockets, Twin Peaks, and Elevation Burger. The majority of FAT Brands' revenue is generated from the United States, with the rest coming from other countries.

Recent Achievements and News:

  • FAT Brands Inc. has recently released its consolidated statements of operations, EBITDA, and adjusted EBITDA reconciliation.
  • Notable partnerships and media engagements include representation by Erin Mandzik in media relations and investor relations.
  • Ongoing projects include expansion into new geographical territories and enhancement of existing restaurant concepts.

FAT Brands Inc. continues to thrive by leveraging its multi-brand strategy and commitment to franchisee success, maintaining its position as a leading force in the global franchising market.

Rhea-AI Summary
Round Table Pizza, owned by FAT Brands Inc., is offering a Pi Day deal where Royal Rewards Members can get a Personal Cheese Pizza for $3.14 with the purchase of a Large or XL pizza. The franchise, known for its quality and authenticity since 1959, uses homemade dough, hand-sliced vegetables, high-quality meats, and a signature three cheese blend. The deal celebrates Round Table's commitment to premium ingredients and hand-crafted pizzas.
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FAT Brands Inc. to host a conference call to review its fourth quarter and fiscal year 2023 financial results. The call will be led by Andy Wiederhorn, Chairman, and Ken Kuick, Co-CEO and CFO. The Company owns popular brands like Fatburger and Round Table Pizza.
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Smokey Bones, owned by FAT Brands Inc., donates over $100,000 to the Robert Irvine Foundation through a partnership with celebrity chef Robert Irvine. The donation aims to support military, veteran, and first responder personnel. Smokey Bones also increases its ongoing discount for active and retired military members to 20%.
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FAT Brands Inc. announces the opening of a new Fatburger location in Celebration, FL, marking the iconic burger brand’s debut in the Orlando area. The opening is part of the company's expansion plans in Florida, with 14 locations under development. The grand opening on March 2 will offer free Original Fatburgers to the first 100 customers, along with free fries with any purchase. The menu includes customizable burgers, Fat and Skinny Fries, turkeyburgers, crispy chicken sandwiches, and hand-scooped milkshakes made from real ice cream.
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FAT Brands Inc.'s Marble Slab Creamery introduces a new flavor, Dark Chocolate Cookies 'N Cream made with OREO® Cookies. The rich, chocolate-filled ice cream and ice cream cake are available at participating locations until April 14. The collaboration with Mondelez and OREO promises a unique twist on a classic favorite, showcasing the brand's commitment to innovation and customer satisfaction.
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FAT Brands Inc., the parent company of Marble Slab Creamery, has announced a new development deal to open 40 new franchised locations in Canada in partnership with Canadian Ice Cream Company Inc. This deal will increase the brand's presence in the country from 100 to 140 units over the next 10 years, showcasing continued market growth and expansion.
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Smokey Bones, owned by FAT Brands Inc., has unveiled its revamped Bones Club loyalty program, offering instant rewards, exclusive deals, and points for future purchases. The company is also launching new menu selections and a special $5 cocktail, the Dirty Shirley. The enhanced program aims to provide exceptional experiences and inspire true loyalty among guests.
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Round Table Pizza, a pizza franchise owned by FAT Brands Inc., is offering a variety of deals at participating locations in February. On National Pizza Day, February 9, they will offer a Large Double Play Pizza for just $22.99 with a special code. From February 12 to Valentine's Day, they will offer $5 off any Large or XL Pizza, including a Large Heart Shaped Pizza. The company is doubling down on their commitment to 'Share a Little Pizza with Someone You Love' and is looking forward to serving heart-shaped pizzas with their signature ingredients.
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FAT Brands Inc. announces the impact of FAT Brands Foundation in its local communities during its first year of giving, awarding over $250,000 to 43 local non-profits across 19 states and Washington D.C. The foundation supported causes such as food insecurity, health, education, youth development, the arts, and more, including organizations tied to the fires in Maui, Hawaii, and the tragedy in Allen, Texas. The foundation is committed to continuing its work supporting local non-profits in 2024. For more information, visit www.fatbrands.com/foundation.
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FAT Brands Inc. continued its growth in 2023 with 125 new store openings and over 200 stores added to its 1,200-unit development pipeline. The company celebrated milestones including the 400th location for Great American Cookies and the 100th location for Twin Peaks. FAT Brands also expanded its iconic brands to new markets globally. The company received significant recognition from industry publications and continues to tap into cross-brand synergies.
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FAQ

What does FAT Brands Inc. do?

FAT Brands Inc. is a global restaurant franchising company that develops, markets, and acquires diverse restaurant concepts worldwide.

Which restaurant brands are under FAT Brands?

The company's portfolio includes Fatburger, Buffalo’s Cafe, Buffalo's Express, Ponderosa & Bonanza Steakhouse, Round Table Pizza, Johnny Rockets, Twin Peaks, and Elevation Burger.

How does FAT Brands generate revenue?

FAT Brands generates revenue primarily by charging franchisees initial franchise fees and ongoing royalties. The company also directly owns and operates some restaurant locations for certain brands.

Where does most of FAT Brands' revenue come from?

The majority of FAT Brands' revenue is generated from the United States, with the rest coming from other international locations.

How many locations does FAT Brands operate?

FAT Brands operates over 300 restaurant locations worldwide.

What support does FAT Brands provide to its franchisees?

FAT Brands offers extensive in-house support teams across operations, construction, purchasing, architecture & design, kitchen design, training, logistics, and marketing to help franchisees achieve their goals.

What recent achievements has FAT Brands announced?

Recent achievements include the release of consolidated statements of operations, EBITDA, and adjusted EBITDA reconciliation.

Who handles media relations for FAT Brands?

Erin Mandzik manages media relations for FAT Brands.

What is the strategy behind FAT Brands' restaurant concepts?

FAT Brands aims to provide franchisees with opportunities for growth and diversification by offering strategically aligned, complementary restaurant concepts.

What ongoing projects is FAT Brands involved in?

Ongoing projects include geographic expansion and enhancement of existing restaurant concepts.

FAT Brands Inc.

Nasdaq:FAT

FAT Rankings

FAT Stock Data

91.13M
4.45M
70.79%
6.95%
0.32%
Food Service Contractors
Accommodation and Food Services
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United States of America
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