This FAT feels like a stoney special but one thing holding me back is a few years ago I had a preferred stk idea here a % play and it paid but the principle did not go up the way I like...
FAT Brands Inc. FAT reported substantial unit growth in 2023, marked by new store openings and development agreements.
As of Dec 31, 2023, the company launched 125 new stores and expanded its development pipeline (by over 200 stores) to 1,200 units.
During the year, the company reported brand expansions, including Fazoli’s in Phoenix and Orlando, Round Table Pizza in Houston, Johnny Rockets in Iraq,lol!!!! Twin Peaks in Jacksonville, FL, Columbus, OH, and Chattanooga, TN, and Fatburger’s in Tampa and Chicago. Moreover, the company showcased new stores in airports, hospitals and theme parks.
Apart from store openings, FAT successfully leveraged cross-brand synergies. During the year, the company initiated offering cookies (in almost all of their brands), making the most of their Georgia-based facility. They also enhanced their casual dining category by adding Smokey Bones to the well-known brands. The addition provides the sales team with more choices for development, supporting franchise partners and boosting new unit growth.
Taylor Wiederhorn, Chief Development Officer at FAT Brands, highlighted the expansion of their organic development pipeline through franchisee-purchased restaurants. The deals include Fazoli’s, Marble Slab Creamery and Great American Cookies to Puerto Rico and Hot Dog on a Stick, Great American Cookies and Marble Slab Creamery to Iraq.<-- TAKE THAT OZEMPIC!!!
The management emphasizes on opening additional restaurants in Texas, Canada, Mexico, and the Middle East. This includes brands like Fatburger, Johnny Rockets, Round Table Pizza and Pretzelmaker and co-branded concepts like Fatburger and Buffalo’s Express, Fatburger and Round Table Pizza, and Great American Cookies and Marble Slab Creamery. In 2024, the company plans to open 150 units.
Price Performance
FAT Brands Inc. FAT reported substantial unit growth in 2023, marked by new store openings and development agreements.
As of Dec 31, 2023, the company launched 125 new stores and expanded its development pipeline (by over 200 stores) to 1,200 units.
During the year, the company reported brand expansions, including Fazoli’s in Phoenix and Orlando, Round Table Pizza in Houston, Johnny Rockets in Iraq,lol!!!! Twin Peaks in Jacksonville, FL, Columbus, OH, and Chattanooga, TN, and Fatburger’s in Tampa and Chicago. Moreover, the company showcased new stores in airports, hospitals and theme parks.
Apart from store openings, FAT successfully leveraged cross-brand synergies. During the year, the company initiated offering cookies (in almost all of their brands), making the most of their Georgia-based facility. They also enhanced their casual dining category by adding Smokey Bones to the well-known brands. The addition provides the sales team with more choices for development, supporting franchise partners and boosting new unit growth.
Taylor Wiederhorn, Chief Development Officer at FAT Brands, highlighted the expansion of their organic development pipeline through franchisee-purchased restaurants. The deals include Fazoli’s, Marble Slab Creamery and Great American Cookies to Puerto Rico and Hot Dog on a Stick, Great American Cookies and Marble Slab Creamery to Iraq.<-- TAKE THAT OZEMPIC!!!
The management emphasizes on opening additional restaurants in Texas, Canada, Mexico, and the Middle East. This includes brands like Fatburger, Johnny Rockets, Round Table Pizza and Pretzelmaker and co-branded concepts like Fatburger and Buffalo’s Express, Fatburger and Round Table Pizza, and Great American Cookies and Marble Slab Creamery. In 2024, the company plans to open 150 units.
Price Performance
