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FAT BRANDS INC. REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS
Conference call and webcast today at 5:30 p.m. ET LOS ANGELES, May 08, 2025 (GLOBE NEWSWI...
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[{"type":"text","content":"FAT BRANDS INC. REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS\n\n\n\n\n Conference call and webcast today at 5:30 p.m. ET\n \n\n\n\n LOS ANGELES, May 08, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc.\n \n (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported financial results for the fiscal first quarter ended March 30, 2025.\n \n\n Andy Wiederhorn, Chairman of FAT Brands, said, “We started 2025 with strong momentum, opening 23 new locations in the first quarter, a 37% increase over last year’s quarter. We remain on track to achieve our target of over 100 new restaurant openings this year, supported by our robust development pipeline of approximately 1,000 signed agreements. Our co-branding initiatives continue to gain traction, with successful launches including our first Round Table Pizza and Marble Slab Creamery pairing, demonstrating our commitment to innovative growth strategies. Additionally, we are expanding internationally, having secured new agreements to open 40 locations across France, consisting of both our Fatburger and Buffalo’s Cafe concepts.”\n \n\n Ken Kuick, Co-Chief Executive Officer and Chief Financial Officer of FAT Brands, said, “The successful spin-off of Twin Hospitality Group Inc. marks a significant strategic milestone for FAT Brands. This transaction delivered a $50 million dividend to our shareholders through the distribution of Twin Hospitality Group’s Class A Common Stock, while maintaining our ownership of the remaining shares. As we progress through 2025, we remain focused on strengthening our balance sheet while driving operational efficiencies across our portfolio.”\n \n\n Taylor Wiederhorn, Co-Chief Executive Officer of FAT Brands, said “Our strategy to return to a nearly 100% franchised model is advancing with the planned refranchising of our 57 company-operated Fazoli’s restaurants. This follows our successful amendment of the Fazoli’s securitization, which provides enhanced financial flexibility. Combined with our manufacturing capabilities expansion, including our first third-party contract with a national restaurant entertainment chain, which we expect to execute on in the second quarter, we are well-positioned to drive sustainable growth and shareholder value....