Latest news with #FATBrands
Yahoo
21 hours ago
- Business
- Yahoo
Fazoli's Debuts First International Location in Canada
Leading U.S. Italian Chain Opens in Calgary, Jumpstarting Future Growth in Country LOS ANGELES, June 05, 2025 (GLOBE NEWSWIRE) -- Fazoli's, FAT Brands' fast and fresh Italian chain, has officially reached a new milestone, the opening of its first international location in Canada in Calgary, Alberta. This marks the first of 25 units set to open across the country over the next nine years in partnership with Briwin Restaurants Inc. 'For over 35 years, we have experienced strong growth domestically, and look forward to this new global chapter,' said Gregg Nettleton, President of Fazoli's. 'Our partner, Briwin Restaurants Inc., has also seen great success within this market as a multi-unit Fatburger franchisee, which is a great precursor of the potential we anticipate with our Canadian Fazolis' locations.' Since 1988, Fazoli's has been committed to serving quality Italian food, fast, fresh and friendly. From unlimited hot breadsticks to freshly prepared pasta entrees, the chain prides itself on serving high-quality menu offerings, all at an affordable price. For more information, visit 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, Great American Cookies, Smokey Bones 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 over 2,300 units worldwide. For more information on FAT Brands, please visit About Fazoli's Fast. Fresh. Italian. Founded in 1988 in Lexington, Ky., Fazoli's franchises and operates approximately 200 restaurants in 26 states, making it the largest QSR Italian chain in America. Fazoli's prides itself on serving quality Italian food, fast, fresh and friendly. Menu offerings include freshly prepared pasta entrees, sub sandwiches, salads, pizza and desserts – along with its unlimited signature breadsticks. For more information, visit MEDIA CONTACT:Erin Mandzik, FAT Brandsemandzik@ 860-212-6509 # # #
Associated Press
28-05-2025
- Business
- Associated Press
Pretzelmaker Cranks Up the Heat with Cheetos® Flamin' Hot® Pretzel Bites
Bite-Sized Snack with a Kick of Flavor Hits Menu of Beloved Pretzel Chain LOS ANGELES, May 28, 2025 (GLOBE NEWSWIRE) -- Pretzelmaker, the innovator of Pretzel Bites and owned by FAT Brands Inc., today announces a fiery new menu item, Cheetos Flamin' Hot Pretzel Bites. The new offering, available through July 13, follows the success of the ridiculously flavorful Cheetos Pretzel Bites, which made its debut for a limited-time on Pretzelmaker menus last summer. Made with a dusting of Cheetos' Flamin' Hot Dust, the new Cheetos Flamin' Hot Pretzel Bites are fresh-baked and hand-rolled daily and provide an irresistible spicy kick that can be washed down with the chain's refreshing, all-natural Lemonade. 'We heard our fans, and we delivered—with even more heat,' said Katie Thoms, Vice President of Marketing at Pretzelmaker. 'Last year, our guests loved our collaboration with Cheetos, a brand that is equally committed to bringing joy to its fans as we are, so we wanted to keep the flavor party going with a slight twist, by unveiling Cheetos Flamin' Hot Pretzel Bites. ' Since getting its start in 1991 as a single pretzel stand, fans have loved snacking on Pretzelmaker's fresh-baked, hand-rolled Pretzel Bites and sipping on fresh-squeezed, all-natural lemonade. For more information on Pretzelmaker, visit 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, Great American Cookies, Smokey Bones, 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 over 2,300 units worldwide. For more information on FAT Brands, please visit About Pretzelmaker® Since its first stand opened in 1991, Pretzelmaker has been the home of Bite-Sized Fun and Full-Sized Flavor. Best known as the innovator of Pretzel Bites, fresh goes into Pretzelmaker's entire philosophy - from hand-rolled snacks to all-natural lemonade. Whether swinging by to grab a to-go order or having a sit-down meal, Pretzelmaker is where joy gets made. Pretzelmaker has grown into one of the largest soft pretzel concepts in the U.S., with over 280 locations worldwide, and continues to innovate with breakfast, late-night and standalone drive-thru concepts. For more information, visit About Cheetos Cheetos® has been delivering delicious cheesy snacks and making mischief with orange-covered fingertips for 75 years. Cheetos believes you should never lose your mischievous spark or playful spirit regardless of what life brings. It is one of the many brands that make up Frito-Lay North America, the $23 billion convenient foods division of PepsiCo, Inc. Follow Cheetos on X ( @ChesterCheetah ), Instagram ( @Cheetos ), YouTube ( @Cheetos ), Facebook ( Cheetos ) and TikTok ( @Cheetos ). About Frito-Lay North America Frito-Lay North America is the $25 billion net sales convenient foods division of PepsiCo, Inc. (NASDAQ: PEP ). For decades, Frito-Lay's portfolio of beloved products has brought smiles to millions of families across the world, including Fritos® corn chips, Lay's® and Ruffles® potato chips, Doritos® and Tostitos® tortilla chips and branded dips, Cheetos® snacks, Stacy's® pita chips, PopCorners® air popped snacks and SunChips® multigrain snacks. The company operates more than 40 manufacturing facilities across the U.S. and Canada, along with a vast distribution network that services over 315,000 retail customers weekly through its direct-store-delivery model. Through pep+ (PepsiCo Positive), Frito-Lay is committed to creating positive change for the planet and people. Learn more about Frito-Lay at on X ( @FritoLay ), on Instagram ( @FritoLay ) and on Facebook ( FritoLay ). MEDIA CONTACT: Erin Mandzik, FAT Brands [email protected] 860-212-6509
Yahoo
28-05-2025
- Business
- Yahoo
Pretzelmaker Cranks Up the Heat with Cheetos® Flamin' Hot® Pretzel Bites
Bite-Sized Snack with a Kick of Flavor Hits Menu of Beloved Pretzel Chain LOS ANGELES, May 28, 2025 (GLOBE NEWSWIRE) -- Pretzelmaker, the innovator of Pretzel Bites and owned by FAT Brands Inc., today announces a fiery new menu item, Cheetos Flamin' Hot Pretzel Bites. The new offering, available through July 13, follows the success of the ridiculously flavorful Cheetos Pretzel Bites, which made its debut for a limited-time on Pretzelmaker menus last summer. Made with a dusting of Cheetos' Flamin' Hot Dust, the new Cheetos Flamin' Hot Pretzel Bites are fresh-baked and hand-rolled daily and provide an irresistible spicy kick that can be washed down with the chain's refreshing, all-natural Lemonade. 'We heard our fans, and we delivered—with even more heat,' said Katie Thoms, Vice President of Marketing at Pretzelmaker. 'Last year, our guests loved our collaboration with Cheetos, a brand that is equally committed to bringing joy to its fans as we are, so we wanted to keep the flavor party going with a slight twist, by unveiling Cheetos Flamin' Hot Pretzel Bites.' Since getting its start in 1991 as a single pretzel stand, fans have loved snacking on Pretzelmaker's fresh-baked, hand-rolled Pretzel Bites and sipping on fresh-squeezed, all-natural lemonade. For more information on Pretzelmaker, visit 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, Great American Cookies, Smokey Bones, 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 over 2,300 units worldwide. For more information on FAT Brands, please visit About Pretzelmaker® Since its first stand opened in 1991, Pretzelmaker has been the home of Bite-Sized Fun and Full-Sized Flavor. Best known as the innovator of Pretzel Bites, fresh goes into Pretzelmaker's entire philosophy - from hand-rolled snacks to all-natural lemonade. Whether swinging by to grab a to-go order or having a sit-down meal, Pretzelmaker is where joy gets made. Pretzelmaker has grown into one of the largest soft pretzel concepts in the U.S., with over 280 locations worldwide, and continues to innovate with breakfast, late-night and standalone drive-thru concepts. For more information, visit About Cheetos Cheetos® has been delivering delicious cheesy snacks and making mischief with orange-covered fingertips for 75 years. Cheetos believes you should never lose your mischievous spark or playful spirit regardless of what life brings. It is one of the many brands that make up Frito-Lay North America, the $23 billion convenient foods division of PepsiCo, Inc. Follow Cheetos on X (@ChesterCheetah), Instagram (@Cheetos), YouTube (@Cheetos), Facebook (Cheetos) and TikTok (@Cheetos). About Frito-Lay North America Frito-Lay North America is the $25 billion net sales convenient foods division of PepsiCo, Inc. (NASDAQ: PEP). For decades, Frito-Lay's portfolio of beloved products has brought smiles to millions of families across the world, including Fritos® corn chips, Lay's® and Ruffles® potato chips, Doritos® and Tostitos® tortilla chips and branded dips, Cheetos® snacks, Stacy's® pita chips, PopCorners® air popped snacks and SunChips® multigrain snacks. The company operates more than 40 manufacturing facilities across the U.S. and Canada, along with a vast distribution network that services over 315,000 retail customers weekly through its direct-store-delivery model. Through pep+ (PepsiCo Positive), Frito-Lay is committed to creating positive change for the planet and people. Learn more about Frito-Lay at on X (@FritoLay), on Instagram (@FritoLay) and on Facebook (FritoLay). MEDIA CONTACT:Erin Mandzik, FAT Brandsemandzik@ 860-212-6509Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
FAT Brands Inc (FAT) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
Total Revenue: USD142 million, a 6.5% decrease from USD152 million in the same period last year. System-Wide Sales: USD571.1 million, down 1.8% compared to the previous year's quarter. Adjusted EBITDA: USD11.1 million, compared to USD18.2 million in last year's quarter. Same Store Sales (Casual Dining Segment): Increased approximately 1.6%. New Store Openings: 23 units opened in Q1, a 37% increase from Q1 2024. Round Table Pizza Same Store Sales: 0.6% increase in the first quarter. Digital Sales (Round Table Pizza): Increased 5% sequentially from Q4 to Q1 2025. Net Loss Attributable to FAT Brands: USD46 million or USD2.73 per diluted share. General and Administrative Expense: Increased to USD33 million from USD30 million in the prior year quarter. Cost of Restaurant and Factory Revenues: Decreased to USD96.1 million from USD99.1 million in the prior year quarter. Advertising Expense: Decreased to USD11.1 million from USD12.6 million in the prior year period. Total Other Expense (Net): USD36 million, compared to USD33.4 million in last year's quarter. Warning! GuruFocus has detected 8 Warning Signs with FAT. Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. FAT Brands Inc (NASDAQ:FAT) has a robust development pipeline with commitments for over 1,000 new locations, indicating strong future growth potential. The company successfully opened 23 new units in Q1 2025, a 37% increase from Q1 2024, showcasing effective expansion efforts. Digital sales at Round Table Pizza increased by 5% sequentially from Q4 2024 to Q1 2025, reflecting strong digital engagement. Co-branding initiatives are progressing well, with successful launches of co-branded and tri-branded models, enhancing market presence. The Georgia production facility is performing well, with USD8.8 million in first-quarter sales and a 35% margin, indicating strong operational efficiency. Total revenue for Q1 2025 decreased by 6.5% compared to the same period last year, reflecting challenges in maintaining sales momentum. Net loss attributable to FAT Brands was USD46 million, an increase from the USD38.3 million loss in the prior year quarter, indicating financial strain. General and administrative expenses increased to USD33 million due to higher professional fees, impacting overall profitability. The company paused its common dividend and started accruing the Series B preferred dividend, reflecting financial constraints. Market volatility has delayed the company's ability to raise equity, impacting plans to reduce outstanding debt. Q: Can you provide details on the expected impact of increasing the utilization of the cooking facility from 40-45% to 60-70%? A: Andrew Wiederhorn, Chairman of the Board, President: Our goal is to increase the facility's revenue from USD15 million to USD25 million annually. Achieving this utilization could potentially generate over USD300 million in proceeds for debt reduction. Q: How is the current consumer environment affecting your brands, and what strategies are you implementing to address this? A: Andrew Wiederhorn, Chairman of the Board, President: Consumer confidence is mixed, with fluctuations in traffic. We focus on providing great food and experiences to justify prices, as consumers are sensitive to pricing. We are trying different initiatives to drive traffic and offer value. Q: What is the status of the equity raise following the Twin Peaks spinoff, and are there any deadlines? A: Andrew Wiederhorn, Chairman of the Board, President: There is no immediate deadline. The equity markets are currently volatile, and we are waiting for conditions to improve. We are in discussions to refinance remaining securitization silos ahead of the July 2026 repayment date. Q: Can you explain the factors contributing to the decline in revenue and same-store sales? A: Andrew Wiederhorn, Chairman of the Board, President: The decline is primarily due to the closure of Smokey Bones locations for conversion into Twin Peaks lodges and lower same-store sales. We plan to convert about half of the Smokey Bones locations into Twin Peaks. Q: What is the expected timeline for achieving the additional USD15 million in adjusted EBITDA from new stores and the factory? A: Andrew Wiederhorn, Chairman of the Board, President: We expect to achieve this over the next 24 months, driven by new store openings and incremental growth at the factory. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
06-05-2025
- Business
- Yahoo
Buffalo's Cafe Announces Expansion of Fast Casual Model in France
FAT Brands Inc. All-American Wing Chain to Open 10 Locations in Country over Next Three Years LOS ANGELES, May 06, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Buffalo's Cafe and 17 other restaurant concepts, announces the expansion of Buffalo's Cafe in France in partnership with the group behind Big M CIE, opening 10 units in the country with the first three units set to open by 2026. To coincide with the new locations, the beloved wing brand is unveiling a fast casual model with a smaller footprint to position itself for greater growth across the globe. 'The launch of a new Buffalo's Cafe fast casual model in France represents a significant milestone in our growth trajectory of the brand, and opens up the door to additional expansion opportunities,' said Taylor Wiederhorn, Co-CEO and Chief Development Officer of FAT Brands. 'This announcement also follows Medhi Bella and his team signing a commitment to open 30 Fatburger locations across France—opening a total of 40 locations with FAT Brands. We see a bright future ahead with this partnership as we continue to grow our iconic, all-American brands in the country.' For 40 years, Buffalo's Cafe has been known for its authentic Buffalo-style chicken wings, house-made wing sauces and family-friendly environment. For more information on Buffalo's Cafe, visit ### 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 and polished casual dining restaurant concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Smokey Bones, 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 over 2,300 units worldwide. For more information on FAT Brands, please visit About Buffalo's Cafe Founded in 1985 in Roswell, Georgia, the family-themed casual dining chain, known for its world-famous chicken wings and 18 unique homemade wing sauces, burgers, wraps, steaks, and salads has been serving fresh southwestern themed cuisine for 40 years. Featuring a full bar and table service, Buffalo's Cafe offers an unparalleled dining experience affording friends and family the flexibility to enjoy an intimate dinner together or to casually catch the next sporting event while enjoying robust menu offerings. Buffalo's - Where Everyone Is Family™. For more information, visit
