Fat Brands Inc Stock Price, News & Analysis

FAT Brands President, Jessica Wiederhorn, was honored as Non-Profit Executive of the Year (Emerging) by the Los Angeles Business Journal at the Non-Profit and Corporate Citizenship Awards. The FAT Brands Foundation, founded in 2022 and led by Wiederhorn, was also nominated for Non-Profit of the Year. In its first year, the foundation granted over $250,000 to 43 non-profits in FAT Brands’ communities. For 2024, Wiederhorn successfully increased fundraising by approximately 37%, enhancing the foundation's capacity to support local causes. FAT Brands, a global franchising company, owns 18 restaurant brands and over 2,300 units worldwide.

On May 22, 2024, Smokey Bones, part of FAT Brands, announced a special offer for National Hamburger Day on May 28. Guests can enjoy a signature Cheeseburger meal for just $6.49 with the purchase of a beverage. This rollback pricing celebrates the brand's 25th anniversary, providing great value in today’s dining environment. The meal includes a thick, juicy all-beef burger with customizable toppings and a choice of sides. The offer is available for dine-in only at all Smokey Bones locations while supplies last. Smokey Bones aims to enhance customer satisfaction by offering premium meals at competitive prices.

FAT Brands (NASDAQ: FAT) has confidentially submitted a registration statement to the SEC to make its Twin Peaks and Smokey Bones units standalone public companies. This move is still subject to various conditions, including SEC approval and the FAT Brands board's final approval. FAT Brands is a global franchising company owning 18 restaurant brands and over 2,300 units worldwide. Twin Peaks, a sports lodge restaurant with nearly 115 locations, offers made-from-scratch food and a sports-centric dining experience.

FAT Brands Inc. faces charges of violating SOX 402 for arranging loans to Andy Wiederhorn. The company denies the charges, stating they are unwarranted and unjust. Despite this, FAT Brands highlights its growth to 18 brands with $2.5 billion in global sales and 2,300 locations worldwide. The company remains focused on its operating plans and growth strategy.

Fresh. Authentic. Tasty (FAT) Brands Inc. expands partnership with Six Flags by introducing Hurricane Grill & Wings at Six Flags Great Escape Lodge in New York. This marks the brand's third entry into Six Flags parks, emphasizing growth in non-traditional venues. The collaboration highlights FAT Brands' commitment to expansion and dynamic partnerships.

FAT Brands Foundation raised over $130,000 at the 2024 FAT Brands Summit through donations and committed funds, exceeding their $75,000 goal. The foundation received an additional $50,000 donation from FAT Brands Inc., totaling over $130,000. The event included a silent auction, raffle, and a giving back event where attendees packed 6,000 meals for families in partnership with a local non-profit organization. The foundation also presented a $10,000 check to fund an additional 30,000 meals in the Las Vegas community. Since its inception in 2022, the foundation has supported over 50 causes in FAT Brands' communities across the country.

FAT Brands Inc. reported strong financial results for the first quarter of 2024, showing total revenue improvement of 43.8% to $152.0 million. The company signed over 150 development deals, increasing its pipeline to over 1,200 locations. Despite a net loss of $38.3 million, FAT Brands remains focused on expanding its brands and creating long-term value for stakeholders.

Smokey Bones, owned by FAT Brands Inc., is launching a BBQ Bonanza menu with premium meats, savory sundaes, and summery cocktails. The menu features innovative dishes like House-Smoked Brisket Sundae and BBQ Pork Sundae. Guests can also enjoy new cocktails like Peach Pitmaster Margarita and Tropical Island Margarita. The Summer Steak-Out offers Mexican-Style Street Corn, Bone-In NY Strip, Boneless Ribeye, and new BBQ sauces. All offerings are available until August 31, 2024, at Smokey Bones locations.

Johnny Rockets, owned by FAT Brands Inc., is celebrating Mental Health Awareness Month by offering a free shake promotion where guests can send a shake to a loved one and receive one for themselves for free. Guests can participate throughout May at JohnnyRockets.com/shareasmile. The initiative aims to spread happiness and smiles by sharing the joy of their iconic hand-spun shakes. The brand, known for its burgers, shakes, fries, and fun, is committed to brightening their fans' days.