Fat Brands Inc Stock Price, News & Analysis

FAT Brands Inc. (NASDAQ: FAT) announced its participation in Roth’s 7th Annual Virtual London Conference, scheduled for June 21-23, 2021. Andy Wiederhorn, President and CEO, will conduct virtual meetings with investors during this event. FAT Brands is known for its global franchising operations, owning nine restaurant brands, including Fatburger and Johnny Rockets, and franchises approximately 700 units worldwide.

FAT Brands is celebrating Johnny Rockets' 35th anniversary with a limited-time Birthday Cake Shake available from June 15 to June 30, 2021. This new shake features rainbow sprinkles and embodies the diner’s nostalgic charm. Customers can receive a free shake with a purchase by joining the Rocket E-Club, following on social media, or with a Birthday Party Invite. The promotional event aims to rekindle fond memories for diners while also enhancing customer engagement. The chain has successfully expanded its global presence, operating restaurants in 25 countries.

FAT Brands Inc. (NASDAQ: FAT) has declared a cash dividend of $0.13 per share for the fiscal 2021 second quarter, payable on June 21, 2021 to stockholders on record as of June 14, 2021. Future dividends will depend on the company’s financial performance and capital needs. FAT Brands is a global franchising company with nine restaurant brands, including Fatburger and Johnny Rockets, operating around 700 units worldwide. The declaration reflects the company's ongoing commitment to returning value to shareholders.

Fatburger and Death Row Records have launched a partnership to honor the 30th anniversary of the iconic hip-hop label. Starting June 1, 2021, for every XXXL Burger sold, $1.30 will be donated to the GRAMMY Museum, with a maximum total donation of $15,000. Customers can also purchase limited-edition merchandise and NFTs featuring brand logos. This initiative aims to support the legacy of African American music and celebrates the cultural significance of both brands. The promotion runs through June 30, 2021.

FAT Brands Inc. has announced an exclusive beverage partnership with PepsiCo, expanding the collaboration to include brands like Fatburger and Johnny Rockets. This new agreement allows FAT Brands restaurants to offer a diverse selection of PepsiCo beverages, enhancing customer experience and catering to evolving consumer demands. The partnership aims to drive shared growth strategies, with franchisees also benefiting from PepsiCo's digital expertise in takeout and delivery. The transition to PepsiCo products will begin across the country later this summer.

FAT Brands Inc. (NASDAQ: FAT), the owner of restaurant brands like Fatburger and Johnny Rockets, will participate in Noble Capital Markets’ Virtual Road Show Series on May 25, 2021, at 1 PM EDT. The event will include a presentation from President and CEO Andy Wiederhorn, followed by a Q&A session. Registration is free for all investors. FAT Brands currently operates nine restaurant concepts with approximately 700 units globally, focusing on fast casual and casual dining.

FAT Brands Inc., parent company of prominent restaurant chains like Fatburger and Johnny Rockets, has strengthened its executive team by appointing three key professionals: Allen Sussman as General Counsel, Ken Kuick as Chief Financial Officer, and Rob Rosen as EVP Capital Markets. CEO Andy Wiederhorn emphasized the company’s robust growth during the pandemic and its plans for further expansion. With these new hires, FAT Brands aims to enhance its acquisition strategy and operational capabilities while maintaining a strong portfolio of nine restaurant brands and approximately 700 franchise units globally.

FAT Brands reported a 50% increase in total revenues to $6.6 million for Q1 2021, compared to Q1 2020. The company showed system-wide sales growth of 35.3%, with strong performance from Fatburger and Buffalo’s. Despite these gains, FAT Brands recorded a net loss of $2.4 million or ($0.20) per share, unchanged from the prior year. EBITDA improved to $585,000, and adjusted EBITDA rose to $1.1 million. The recent $144.5 million securitization transaction significantly lowers costs and enhances liquidity for future growth.

FAT Brands Inc. announces new plant-based menu items at Johnny Rockets, including the Impossible Burger, Craig’s Vegan Shakes, and Daiya Cheddar Style Slices. This initiative aims to enhance customer options while keeping the brand's nostalgic Americana theme intact. The plant-based offerings are expected to perform well, continuing the trend seen at other FAT Brands concepts. Customers can order these items at participating locations or through the Johnny Rockets app. FAT Brands operates nine restaurant brands, including Johnny Rockets and Fatburger, with over 700 units globally.