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FAT Brands Reports First Quarter 2020 Financial Results
FAT(Fresh. Authentic. Tasty.) Brands Inc., reported fiscal first quarter 2020 financial results for the 13-week period ending March 29, 2020 and provided an update on the business as it relates to the COVID-19 pandemic.
Andy Wiederhorn, President and CEO of FAT Brands, commented, “The first five months of 2020 have been unprecedented, and our mission has been steadfast - to guide our franchisees and their employees through these challenging times as safely as possible so they may best serve their communities and guests. As we are now moving into the re-opening phase in many locations both domestically and internationally, our operations teams have...
FAT Brands Provides Business Update and Reports Financial Results
FAT(Fresh. Authentic. Tasty.) Brands Inc. provided an update on the business as it relates to the COVID-19 pandemic and reported fiscal fourth quarter and fiscal year 2019 financial results for the 13-week and 52-week periods ending December 29, 2019.
Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are committed to supporting our franchise partners in these challenging times; their health and safety, along with that of their guests, remains our top priority. Our franchisees are complying with all state and local regulations, temporarily closing dining rooms and shifting to a take-out and delivery model only, where it makes sense. We are helping franchisees to acquire...
Elevation Burger Debuts Impossible Burger and Dairy-Free Daiya Cheddar Style Slices Nationwide
FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Elevation Burger, known for serving 100% organic, grass-fed, free-range beef burgers and fresh fries cooked in heart-healthy olive oil, is pleased to announce all domestic locations across America will now carry the plant-based Impossible™ Burger as well as dairy-free Daiya Cheddar Style Slices.
Elevation Burger’s nationwide launch of the Impossible Burger and dairy-free Daiya Cheddar Style Slices demonstrates the brand's commitment to serving customers of all dietary preferences. The Impossible™ Burger handles, cooks and tastes like ground beef — but is made entirely from plants — while each Daiya Cheddar Style Slice delivers the same incredible melt and slight sharpness as dairy-based cheese that pairs perfectly with...
FAT Brands Inc. Reports Fiscal Third Quarter 2019 Financial Results
FAT Brands Inc. today reported fiscal third quarter 2019 financial results for the 13-week period ending September 29, 2019.
Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased with our performance in the third quarter which included nearly 11% revenue growth and EBITDA growth of over 70%, as we continue to execute our brand acquisition strategy. During the quarter we successfully integrated our latest acquisition, Elevation Burger, which is now running at full synergies. We have built a considerable brand pipeline from which we will acquire synergistic brands to add to our unique platform.”
Wiederhorn continued, “We continue to pursue financing that will lower our cost of capital. To that end, we recently completed the initial closing of our Series B preferred offering...
FAT Brands Continues Expansion in Pakistan With 5-Unit Development Deal
FAT(Fresh. Authentic. Tasty.) Brands Inc, parent company of Fatburger, The Last Great Hamburger Stand, announces today the development of five co-branded Fatburger and Buffalo’s Express concepts in Pakistan. In partnership with Crescent Star Foods (Pvt), the co-branded restaurants will increase the brand’s presence in Pakistan to six restaurants.
Hollywood's iconic Fatburger is best known for its mouthwatering, juicy burgers made famous by founder Lovie Yancey in Los Angeles more than 70 years ago. Each Fatburger is made-to-order with traditional fixings and delicious add-on items such as bacon, onion rings, cheese and egg. Buffalo’s Express further complements Fatburger’s menu offerings with...
FAT Brands Reports Fiscal Second Quarter 2019 Financial Results
FAT Brands Inc. today reported fiscal second quarter 2019 financial results for the 13-week period ending June 30, 2019.
Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased to report that the considerable growth in revenues was matched by an equally robust increase in adjusted EBTDA and that we leveraged our G&A expenses on our expanded top-line.”
Wiederhorn continued, “We are also excited to have closed on our acquisition of Elevation Burger in June. The brand is well-aligned with our own commitment to fresh, authentic, tasty food and we are confident that it has considerable opportunity to expand domestically and internationally with its organic, free-range, grass-fed offerings. Elevation Burger reflects another synergistic opportunity for...
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