FAT (Fresh.
Authentic. Tasty.)
Brands Inc., a leading global
franchising company that owns iconic restaurant brands, including
Johnny Rockets, Fatburger, Round Table Pizza, Twin Peaks, Fazoli’s
and 13 other concepts, is proud to announce its continued growth in
2023 of new store openings and development agreements. Through
December 31, 2023, the global franchising company opened 125 new
stores and added a total of over 200 stores to its now 1,200-unit
development pipeline. The Company projects to open 150 units in
2024.
In 2023, the Company celebrated many significant
milestones, including opening the 400th location for Great American
Cookies, and the 100th location for FAT Brands’ fastest-growing
brand, Twin Peaks. The Company also brought its iconic brands to
new markets around the globe, including Fazolis’ highly-anticipated
return to the Phoenix and Orlando markets, Round Table Pizza’s
debut in Houston, Johnny Rockets’ first location in Iraq, Twin
Peaks’ first locations in Jacksonville, Fla., Columbus, Ohio and
Chattanooga, Tenn., and Fatburger’s return to Tampa, Fla. and
Chicago. Great American Cookies also made its debut in Arizona,
Alaska, and Illinois, and the co-branded concept, Marble Slab
Creamery and Great American Cookies, opened their first location in
the Pacific Northwest. Several of FAT Brands’ newest stores opened
in non-traditional spaces, including airports, hospitals, and theme
parks, which continue to be a strategic avenue for FAT Brands’
pipeline.
Aside from openings, FAT Brands also made
significant gains in tapping into its cross-brand synergies. The
first co-branded Fatburger and Round Table Pizza debuted in Texas,
with many more expected across the U.S. Throughout the year, cookie
offerings rolled out across almost every FAT Brands concept,
filling more capacity at its Georgia-based cookie batter and
pretzel mix manufacturing facility. FAT Brands also doubled down on
its polished casual dining category, adding Smokey Bones to its
growing list of iconic brands.
FAT Brands received significant recognition from
top industry publications. Los Angeles Business Journal recognized
FAT Brands as the second-largest franchisor in the Los Angeles
area. Pretzelmaker, Marble Slab Creamery, and sister brand Great
American Cookies were named to QSR’s Best Franchise Deals, 13 of
FAT Brands’ concepts were named to Franchise Times’ Top 400, while
10 brands made Technomic’s Top 500 List, and Twin Peaks was named a
Top Sports Bar by Nation’s Restaurant News.
“Coming off of a record 2022, we were proud to
continue to build upon our organic development pipeline of
restaurants that have been purchased by franchisees to be opened at
a future date, which add to our already robust development
pipeline,” said Taylor Wiederhorn, Chief Development Officer at FAT
Brands. “Approximately half of our franchisees are multi-unit
operators hungry for new opportunities, as showcased by development
deals signed this year. These deals will bring many of our brands
to new territories, including Fazoli’s, Marble Slab Creamery and
Great American Cookies to Puerto Rico, Hot Dog on a Stick, Great
American Cookies and Marble Slab Creamery to Iraq, and even more
restaurants to existing strongholds like Texas, Canada, Mexico, and
the Middle East, including Fatburger, Johnny Rockets, Round Table
Pizza, Pretzelmaker, and co-branded concepts such as Fatburger and
Buffalo’s Express, Fatburger and Round Table Pizza and Great
American Cookies and Marble Slab Creamery.”
For more information on FAT Brands, visit
www.fatbrands.com.
About FAT
(Fresh. Authentic.
Tasty.) Brands
FAT Brands (NASDAQ: FAT) is a leading global
franchising company that strategically acquires, markets, and
develops fast casual, quick-service, casual dining, and polished
casual dining concepts around the world. The Company currently owns
18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab
Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Smokey Bones, Great
American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express,
Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native
Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza
Steakhouses and franchises and owns approximately 2,300 units
worldwide. For more information, please visit
www.fatbrands.com.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements relating to the timing and
performance of new store openings and area development agreements.
Forward-looking statements reflect expectations of FAT Brands Inc.
(“we” or “our”) concerning the future and are subject to
significant business, economic and competitive risks, uncertainties
and contingencies. These factors are difficult to predict and
beyond our control, and could cause our actual results to differ
materially from those expressed or implied in such forward-looking
statements. We refer you to the documents that we file from time to
time with the Securities and Exchange Commission, such as our
reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of
these and other factors. We undertake no obligation to update any
forward-looking statement to reflect events or circumstances
occurring after the date of this press release.
Media Relations:Ali Lloyd
alloyd@fatbrands.com 435-760-6168
FAT Brands (NASDAQ:FAT)
過去 株価チャート
から 5 2024 まで 6 2024
FAT Brands (NASDAQ:FAT)
過去 株価チャート
から 6 2023 まで 6 2024