Latest news with #RoundTablePizza
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
07-05-2025
- Business
- Yahoo
FAT Brands to Announce First Quarter 2025 Financial Results On May 8, 2025
FAT Brands Inc. LOS ANGELES, May 07, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) ('FAT Brands' or the 'Company'), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, Fazoli's and 13 other restaurant concepts, today announced that the Company will host a conference call to review its first quarter 2025 financial results on Thursday, May 8, 2025 at 5:30 PM ET. A press release with first quarter 2025 financial results will be issued prior to the conference call that day. The conference call can be accessed live over the phone by dialing 1-877-704-4453 from the U.S. or 1-201-389-0920 internationally. A replay will be available after the call until Thursday, May 29, 2025, and can be accessed by dialing 1-844-512-2921 from the U.S. or 1-412-317-6671 internationally. The passcode is 13752592. Hosting the call will be Andy Wiederhorn, Chairman, and Ken Kuick, Co-Chief Executive Officer and Chief Financial Officer. The conference call will also be webcast live from the corporate website at under the 'Investors' section. A replay of the webcast will be available through the corporate website shortly after the call has concluded. 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 Investor Relations: ICR Michelle Michalski IR-FATBrands@ Media Relations: Erin Mandzik emandzik@ ###
CBS News
17-04-2025
- General
- CBS News
Missing heart mystery: Art installation in Folsom seemingly vanishes
FOLSOM — A heartbreaking mystery is building in Folsom after a local artist said her heart sculpture seemingly vanished. The missing heart was one of 21 created and installed across the city in the project called "The Heartbeat of Folsom." It was a way to raise money for underserved communities and celebrate the love for Folsom. "It lived in the house with me. It became a third child," said Sarah Bluford, the artist of the missing heart. "I mean, I poured my heart and soul into this piece." Her heart sculpture was installed near the Round Table Pizza on Riley Street in June 2023, but Bluford said she noticed it was gone the first weekend of February. "Somebody's heartless," said Doug Scalzi, who remembers the heart. "They needed it, I guess." Others in the community also remember seeing it. John Perguini, who works at the barbershop in the shopping center where the sculpture lived, said his daughter used to pose in front of the heart for pictures. "I mean, obviously, the heart didn't grow feet and walk away," Bluford said. "The size of it is definitely a two-person job." Bluford spent months painting the vibrant colors as a love letter to the Johnny Cash Trail and Folsom Lake, which were special spots from her childhood. "I was told, 'Oh, we'll look into it. We'll get back to you,' and nobody did," Bluford said. Since early February, Bluford has been asking the city and the property manager where the heart went and now believes someone may have stolen it. The same day CBS13 started asking questions, Folsom's Chamber of Commerce posted a "Missing Art Alert" with a photo of the heart listing it at 40 pounds and 36 inches. "I'm an artist myself, so for an artist to get her work out there, I would be pretty let down too," said Audrey Brake, who works at the nearby Round Table. Why the heart is missing remains a mystery. "It's just heartbreaking, really, that it's not there anymore," Bluford said. The city said it has reached out to the property manager multiple times but never heard back. CBS13 also reached out but got no response. Bluford said she spoke with the property manager on March 3, but he also did not know where the heart went. Anyone with any information on where the heart went can contact the Folsom Chamber of Commerce: (916) 985-2698.
Yahoo
31-03-2025
- Business
- Yahoo
FAT Brands Celebrates 10th Co-Brand/Tri-Brand to Date with New Round Table Pizza and Marble Slab Creamery Pairing
Beloved Pizza Chain Mixes in Sister Ice Cream Brand at Oakland, CA Location LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. announces the debut of the first Round Table Pizza and Marble Slab Creamery in Oakland, CA. Located at 5095 Telegraph Ave, Oakland, CA 94610, the restaurant seamlessly blends the sweet treat brand into the existing Round Table Pizza location, offering homemade Ice Cream with free Mix-Ins and Shakes in a variety of flavors. This marks FAT Brands' 10th co-brand/tri-brand pairing to date. 'Co-branding continues to be a key growth pillar of FAT Brands,' said David Pear, President of Round Table Pizza. 'The new Round Table Pizza and Marble Slab Creamery co-brand is a testament to this and our commitment to creating the ultimate guest experience with food combinations that are complementary to one another—the velvety sweetness of Marble Slab's ice cream and the refreshing contrast of the rich, cheesy goodness of a Round Table Pizza.' Since its founding in 1959, Round Table Pizza has been recognized as "Pizza Royalty™' for its dedication to using gold-standard ingredients like high-quality meats and the brand's signature three cheese blend. Each pizza is hand-crafted with legendary toppings layered to the edge of Round Table's perfectly baked crust. For over 40 years, Marble Slab Creamery has been an innovator in the ice cream space, dreaming up the frozen slab technique and offering homemade, small-batch Ice Cream with free Mix-Ins. For more information on Round Table Pizza, visit For more information on Marble Slab Creamery, 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 Round Table Pizza Inspired by the honor, valor, and revelry of the Knights of the Round Table, Round Table Pizza's® superior pizza and commitment to quality and authenticity have earned the reputation of "Pizza Royalty™" for over 60 years. With approximately 400 restaurants across the United States, Round Table celebrates community, family, and making merry. For more information, visit About Marble Slab Creamery Since dreaming up the frozen slab technique and serving fresh homemade, small-batch Ice Cream in-store since 1983, Marble Slab Creamery has always known how to dream big. We sprinkle our customers with imagination and promise to inspire with infinite ice cream possibilities to feed your curiosity and capture cravings. With our free unlimited Mix-in philosophy, delicious Ice Cream and Shakes in a variety of flavors, hand-rolled waffle cones, and Ice Cream Cakes, imagination has no limits. Today, Marble Slab Creamery is enjoyed by consumers across the globe with locations in Bahrain, Canada, Kuwait, Saudi Arabia, Puerto Rico, and the United States. For more information, visit MEDIA CONTACT: Erin Mandzik, FAT Brandsemandzik@ 860-212-6509
Yahoo
05-03-2025
- Business
- Yahoo
Pi May Go On Forever But This Offer Won't! Round Table Pizza Rolls Out Deal for Pi Day
$3.14 Personal Pizza for Royal Rewards Members All Day Long at Leading Pizza Chain LOS ANGELES, March 05, 2025 (GLOBE NEWSWIRE) -- Round Table Pizza, a pizza franchise known for its commitment to quality and authenticity owned by FAT Brands Inc., is gearing up to celebrate Pi Day once again with a slice of savings! All day long at participating locations on March 14, Royal Rewards Members will receive a Personal Pizza with a choice of one topping for just $3.14, with the purchase of any Large or XL pizza. Since its founding in 1959, Round Table Pizza has been recognized as "Pizza Royalty™' for its dedication to using gold-standard ingredients like high-quality meats and the brand's signature three cheese blend. Each pizza is hand-crafted with legendary toppings layered to the edge of Round Table's perfectly baked crust. 'At Round Table Pizza, we are firm believers that great pizza is all about the perfect formula – fresh ingredients, bold flavors and unbeatable deals,' said Taylor Voelker, Senior Director of Marketing at Round Table Pizza. 'What better way to celebrate Pi Day than at Round Table Pizza with our topped-to-the-edge, handmade, beloved pizzas. We are excited to bring back this fan-favorite deal for Pi Day, because nothing goes better with Pi than pie!' The deal is valid for Royal Rewards Members who have signed up for the rewards program prior to March 14. For more information on Round Table Pizza or to sign-up to be a Royal Rewards Member, 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 Round Table Pizza Inspired by the honor, valor, and revelry of the Knights of the Round Table, Round Table Pizza's superior pizza and commitment to quality and authenticity have earned the reputation of 'Pizza Royalty™' for over 60 years. With approximately 400 restaurants across the globe, Round Table celebrates community, family and making merry. For more information, visit MEDIA CONTACT: Erin Mandzik, FAT Brandsemandzik@ in to access your portfolio
