Fat Brands Stock Price, News & Analysis

Pretzelmaker, owned by FAT Brands (NASDAQ: FAT), has opened a new location in Clear Lake, Iowa. The store is operated by franchisee Mark Frandle, who now manages 11 locations. Founded in 1991, Pretzelmaker specializes in fresh-baked, hand-rolled Pretzel Bites with various dipping sauces and all-natural lemonade. The new location at 18 N 3rd Street operates daily, with extended hours Monday through Saturday. Pretzelmaker has grown to become the second-largest soft pretzel concept in the U.S. with over 280 locations worldwide.

FAT Brands announces continued expansion of Fatburger and Buffalo's Express in Mexico, reaching five locations in Mexico City since launching its growth strategy in 2021. The co-branded burger and wing concept has opened restaurants in Reforma Capital, Polanco, Mundo E Mall, and Tepeyac through a strategic partnership with franchisee Red Rombo Group. The expansion success is attributed to the popularity of American cuisine in Mexico, where FAT Brands' sister brand Twin Peaks already operates seven locations.

FAT Brands Inc. (NASDAQ: FAT) announces the opening of a new Johnny Rockets location at the Soaring Eagle Casino & Resort in Mount Pleasant, MI. The restaurant will serve their signature menu including made-to-order burgers, chicken sandwiches, hot dogs, fries, onion rings, and hand-spun shakes. Located on the casino's main floor, it will operate Sunday-Thursday 8AM-11PM and Friday-Saturday 8AM-2AM. This expansion marks continued growth in non-traditional spaces, particularly casinos, for the classic burger brand that started in 1986 and now has over 325 locations across 25+ countries.

FAT Brands Inc. (NASDAQ: FAT) announces that Twin Hospitality Group Inc., operating Twin Peaks and Smokey Bones restaurants, has priced new notes totaling $416,711,000 to refinance its whole business securitization credit facility. The notes, issued across four tranches with a 9.5% weighted average interest rate, represent a key milestone before Twin Hospitality Group's planned public listing. Twin Peaks, FAT Brands' fastest-growing concept, has opened nine new locations this year, reaching 115 total locations across the United States and Mexico.

FAT Brands announces the opening of its 10th Fatburger and Buffalo's Express location in Texas, situated in New Braunfels, San Antonio area. The company plans to expand with over 40 new locations across Texas in the coming years. The new restaurant will celebrate its grand opening on Nov. 17 with a promotion offering free Original Fatburgers for a year to the first 100 guests. The location will operate from 11:00 a.m. to 9:00 p.m. Sunday through Thursday, and 11:00 a.m. to 10:00 p.m. Friday and Saturday.

Hurricane Grill & Wings, owned by FAT Brands (NASDAQ: FAT), has opened its first theme park location at Six Flags Great Escape Lodge in Lake George. The new restaurant serves as the hotel's flagship dining option, featuring jumbo wings with over 30 signature sauces and rubs, along with diverse menu items including tacos, seafood, and burgers. The location includes an indoor-outdoor bar offering signature cocktails and draft beers. This opening represents a significant milestone for the brand, which currently operates almost 50 restaurants across the United States.

FAT Brands has announced that Twin Hospitality Group, which operates Twin Peaks and Smokey Bones restaurants, has filed a Form 10 Registration Statement with the SEC. The filing outlines plans to distribute approximately 5% of Twin Hospitality Group's Class A Common Stock to FAT Brands shareholders, with FAT Brands retaining 95% ownership. The company aims to list Twin Hospitality Group on Nasdaq as an independent publicly traded company by year-end. The transaction remains subject to various conditions, including SEC effectiveness, Nasdaq listing approval, and completion of refinancing.

FAT Brands has launched a new co-branded rewards app and loyalty program for Great American Cookies and Marble Slab Creamery. The app allows customers to earn points and rewards for both brands in one platform, featuring birthday rewards and point-based discounts. This launch follows the brands' co-branded online experience debut, strengthening their integrated customer experience strategy. The new system allows existing loyalty program users to transfer their points to the new app.

FAT Brands Inc. reported its Q3 2024 financial results, showing total revenue growth of 31.1% to $143.4 million. The company opened 22 new units during Q3, bringing year-to-date openings to 71. System-wide sales grew 6.4%, while year-to-date same-store sales declined 2.7%. The company reported a net loss of $44.8 million ($2.74 per diluted share). FAT Brands' portfolio now includes 18 concepts with over 2,300 locations across 40+ countries. The company has signed 225 development deals year-to-date and maintains a development pipeline of approximately 1,000 locations. Twin Peaks and Smokey Bones are being prepared for a potential IPO or alternative transaction.