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Round Table Pizza Releases February Deals to Fall in Love With
Globenewswire· 2026-02-03 14:05
Heart-Shaped Pizzas and Delicious Deals Worth Celebrating for National Pizza Day and Valentine’s Day LOS ANGELES, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Round Table Pizza, the pizza franchise owned by FAT Brands Inc. known for its commitment to quality and authenticity, is doubling down on its motto of sharing a little pizza with someone you love with delicious deals for its fans to fall in love with this National Pizza Day (Feb. 9) and Valentine’s Day (Feb. 14). Beginning Feb. 7 through Feb. 15 at participatin ...
Johnny Rockets Celebrates Timeless Taste with All-New Hostess® Cupcake Shake
Globenewswire· 2026-02-03 14:00
Burger Chain Becomes First National Restaurant to Debut Beloved Treat in Shake LOS ANGELES, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Johnny Rockets, the retro, all-American burger concept owned by FAT Brands Inc., is kicking off the new year with a limited-time shake as a nod to classic flavors and timeless taste, the Hostess® Cupcake Shake. In collaboration with Hostess® as well as The Dairy Alliance and Blue Bunny, Johnny Rockets is the first chain to debut the iconic Hostess Cupcake in a shake nationally. Avail ...
Restaurant giant files for bankruptcy under massive debt shortly after touting major expansion
Fox Business· 2026-01-28 01:23
Core Viewpoint - FAT Brands, a restaurant franchiser with a significant debt of approximately $1.3 billion, has filed for Chapter 11 bankruptcy to restructure its debt and support the continued growth of its brands [1][6]. Company Overview - FAT Brands operates 18 restaurant brands, including Fatburger, Johnny Rockets, and Twin Peaks, with over 2,200 locations globally [1]. - The company’s subsidiary, Twin Hospitality Group, which operates the Twin Peaks chain, also filed for Chapter 11 bankruptcy [2]. Financial Situation - The company reported having only $2.1 million in cash at the time of the bankruptcy filing and had missed payments prior to mid-November of the previous year [9]. - Following the bankruptcy announcement, shares of FAT Brands dropped by 45% [7]. Market Conditions - The company cited common challenges in the restaurant industry, such as inflation and declining customer demand for casual dining, as contributing factors to its financial difficulties [5][6]. - Erin Mandzik, a communications senior director, noted that the market conditions have been difficult and largely unforeseen, impacting the company's ability to restructure its debt [6]. Operational Impact - Despite the bankruptcy filing, FAT Brands expects its signature brands to continue operating as usual during the Chapter 11 process [12]. - The company had plans to expand its Fatburger chain by adding at least 40 new locations in Florida before the bankruptcy filing [2].
Crude Oil Rises 2%; Boeing Shares Fall After Q4 Results
Benzinga· 2026-01-27 18:00
Company Performance - Boeing Company reported fourth-quarter revenue of $23.948 billion, a 57% increase from $15.242 billion, driven by a sharp rise in commercial deliveries, with 160 airplanes delivered in the quarter [2][3] - The revenue exceeded analyst estimates of $22.470 billion, but the company reported an adjusted loss of $1.91 per share, missing Wall Street expectations for a loss of $0.39 per share [3] Stock Movements - Boeing's stock fell 3% following the earnings report [2] - Redwire Corp shares surged 135% to $0.63 after securing a contract worth up to $151 billion for the Missile Defense Agency [9] - HCA Healthcare Inc shares rose 9% to $514.82 after reporting better-than-expected fourth-quarter adjusted EPS and raising FY25 guidance [9] - Corning Inc shares increased by 15% to $109.16 after announcing a $6 billion agreement with Meta [9] - CommVault Systems, Inc. shares dropped 35% to $84.72 following third-quarter results [9] - Twin Hospitality Group Inc shares fell 43% to $0.30 after filing for Chapter 11 [9] - FAT Brands Inc shares decreased by 43% to $0.23 after commencing Chapter 11 [9] Sector Performance - Information technology shares gained 1.3% on Tuesday, while health care stocks fell by 1% [1]
Dow Falls Over 300 Points; General Motors Posts Upbeat Earnings - Dogness (International) (NASDAQ:DOGZ), FAT Brands (NASDAQ:FAT)
Benzinga· 2026-01-27 14:38
U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 300 points on Tuesday.Following the market opening Tuesday, the Dow traded down 0.68% to 49,074.36 while the NASDAQ gained 0.56% to 23,732.71. The S&P 500 also rose, gaining, 0.23% to 6,966.23.Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 EarningsLeading and Lagging SectorsInformation technology shares gained by 0.9% on Tuesday.In trading on Tuesday, health care stocks fell by 1%.Top HeadlineGen ...
Wall Street Breakfast Podcast: Meta Eyes Subscription Rev
Seeking Alpha· 2026-01-27 11:50
Group 1: Meta Platforms Subscription Plans - Meta Platforms plans to introduce premium subscription models for its apps, including Instagram, Facebook, and WhatsApp, aimed at enhancing user productivity and creativity through additional features and AI capabilities [4][5] - The new subscription offerings will be distinct from the existing Meta Verified product, which provides content creators and businesses with a verified badge and 24/7 support [5] - Meta intends to gather user feedback during the rollout of these subscription plans in the upcoming months [5] Group 2: Industry Developments - The announcement of Meta's subscription plans comes amid other significant industry news, including President Trump's decision to raise tariffs on South Korean goods from 15% to 25% [6] - Twin Hospitality Group and FAT Brands have filed for Chapter 11 bankruptcy, with both companies expecting their restaurants to continue operating during the bankruptcy process [7][8]
Restaurant Franchiser FAT Brands Files for Bankruptcy
WSJ· 2026-01-27 06:14
Core Insights - The franchising company, which operates over 2,200 restaurant locations worldwide, has filed for Chapter 11 bankruptcy in Texas [1] Company Overview - The company has a significant global presence with a portfolio of more than 2,200 restaurant locations [1] Bankruptcy Filing - The filing for Chapter 11 bankruptcy occurred in Texas on a Monday [1]
Roche announces positive phase II results for dual GLP-1/GIP receptor
Reuters· 2026-01-27 06:12
Core Insights - Swiss pharmaceutical firm Roche announced positive results from a phase II clinical trial of CT-388, an investigational dual GLP-1/GIP receptor aimed at treating obesity [1] Company Summary - Roche is developing CT-388 as a potential treatment for obesity, indicating a strategic focus on addressing metabolic disorders [1] Industry Summary - The positive results from the clinical trial highlight the ongoing innovation in the pharmaceutical industry, particularly in the area of obesity treatment [1]
FAT Brands Inc. Files Voluntary Chapter 11 Petitions to Bolster Capital Structure
Globenewswire· 2026-01-27 02:51
Core Viewpoint - FAT Brands Inc. has initiated voluntary chapter 11 proceedings to restructure its balance sheet, enhance stakeholder value, and support brand growth [1][3]. Group 1: Company Overview - FAT Brands operates a portfolio of 18 restaurant concepts with over 2,200 locations globally, including well-known brands like Fatburger and Johnny Rockets [2][5]. - The company aims to maintain normal operations during the chapter 11 process, ensuring continued service to customers and support for franchise partners and employees [2][3]. Group 2: Management Statements - CEO Andy Wiederhorn emphasized the resilience of the brand portfolio in a challenging environment and expressed confidence in long-term profitability and growth [3]. - The chapter 11 process is viewed as an opportunity to strengthen the capital structure and engage with stakeholders on a value-maximizing plan [3]. Group 3: Legal and Advisory Support - Latham & Watkins LLP is providing legal counsel, while GLC Advisors & Co., LLC serves as the investment banker, and Huron Consulting Services LLC acts as the financial advisor [4].
FAT Brands Foundation Helps Provide Meals to the Feeding America® Network
Globenewswire· 2026-01-23 14:00
FAT Brands’ Charitable Organization Fights Hunger for the Holiday Season LOS ANGELES, Jan. 23, 2026 (GLOBE NEWSWIRE) -- The FAT Brands Foundation, the charitable arm of FAT (Fresh. Authentic. Tasty.) Brands Inc., a leading global franchising company that owns restaurant brands including Johnny Rockets, Fatburger, Round Table Pizza, and 15 other concepts, is pleased to announce it raised over $15,000 through its holiday giving campaign, helping Feeding America®, the nation’s leading hunger-relief organizatio ...