FAT Brands(FAT)
Search documents
Round Table Pizza Releases February Deals to Fall in Love With
Globenewswire· 2026-02-03 14:05
Core Insights - Round Table Pizza is promoting heart-shaped pizzas and special deals for National Pizza Day and Valentine's Day, emphasizing its commitment to quality and customer engagement [1][2][3] Promotions and Offers - From February 7 to February 15, Round Table Pizza will offer a Large Heart-Shaped Cheese or Pepperoni Pizza for $19.99, with an option to add a two-liter Pepsi for $3 [2] - Additionally, from February 13 to February 17, customers can receive a 14% discount on any regular or heart-shaped Large Pizza, or regular XL Pizza using the code RTP258 [2] - Customers can personalize a Large heart-shaped pizza throughout the month of February [2] Company Background - Round Table Pizza, founded in 1959, is known for its high-quality ingredients and has earned the title of "Pizza Royalty" [3][6] - The company operates approximately 400 restaurants globally and focuses on community and family values [6] - Round Table Pizza is part of FAT Brands, which owns 18 restaurant brands and operates over 2,200 units worldwide [5]
Johnny Rockets Celebrates Timeless Taste with All-New Hostess® Cupcake Shake
Globenewswire· 2026-02-03 14:00
Core Insights - Johnny Rockets, owned by FAT Brands Inc., has launched the Hostess Cupcake Shake, becoming the first national restaurant chain to offer this product in collaboration with Hostess, The Dairy Alliance, and Blue Bunny [1][2][3] Company Overview - FAT Brands Inc. is a leading global franchising company that owns and operates 18 restaurant brands, including Johnny Rockets, with over 2,200 units worldwide [4] - Johnny Rockets, founded in 1986, is known for its high-quality menu items and has over 250 locations in 25 countries, providing a casual dining experience [5] Product Details - The Hostess Cupcake Shake is available from now until April 30, 2026, featuring chocolate ice cream, chocolate syrup, whipped cream, and a Hostess Cupcake on top, targeting chocolate lovers [2][3]
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
Group 1: U.S. Stock Market Overview - U.S. stocks exhibited mixed performance, with the Dow Jones index declining over 300 points, down 0.68% to 49,074.36, while the NASDAQ rose 0.56% to 23,732.71 and the S&P 500 increased by 0.23% to 6,966.23 [1] - Information technology shares increased by 0.9%, whereas health care stocks fell by 1% [1] Group 2: General Motors Financial Performance - General Motors reported fourth-quarter adjusted earnings per share of $2.51, reflecting a 30.4% year-over-year increase, surpassing the analyst consensus estimate of $2.20 [2] - Quarterly sales amounted to $45.287 billion, which was below the expected $45.804 billion [2] - The Board of Directors approved a 3 cents per share increase in the quarterly common stock dividend rate to 18 cents per share and authorized a new $6 billion share repurchase program [3] Group 3: Commodity Market Update - Oil prices increased by 1.1% to $61.29, while gold prices decreased by 0.1% to $5,081.50 [4] - Silver prices fell by 3.1% to $111.965, and copper prices dropped by 2% to $5.8995 [4] Group 4: Asian and European Market Performance - Asian markets closed higher, with Japan's Nikkei gaining 0.85%, Hong Kong's Hang Seng Index up 1.35%, China's Shanghai Composite rising 0.18%, and India's BSE Sensex increasing by 0.39% [6] - European shares were mostly higher, with the eurozone's STOXX 600 rising 0.4%, Spain's IBEX 35 Index up 0.3%, and London's FTSE 100 increasing by 0.6% [5]
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
Core Insights - FAT Brands Foundation raised over $15,000 through its holiday giving campaign to support Feeding America, aiding in the fight against food insecurity [1] - The foundation has awarded over 165 grants since its inception in 2023, totaling over $750,000 in funding to non-profits across 24 states, Washington D.C., and Puerto Rico [1] Company Overview - FAT Brands is a leading global franchising company that owns 18 restaurant brands, including Johnny Rockets, Fatburger, and Round Table Pizza, with over 2,300 units worldwide [3] - The company focuses on acquiring, marketing, and developing various dining concepts, including fast casual and casual dining [3] FAT Brands Foundation - Established in 2022, the FAT Brands Foundation aims to uplift communities where FAT Brands operates by partnering with local non-profits to provide essential programs [4] - The foundation emphasizes charitable initiatives both locally and nationally, seeking to enhance its impact in the community [4] Feeding America - Feeding America is a nationwide network dedicated to addressing food insecurity, supporting millions of people through food banks and meal programs [5] - The organization advocates for legislation to improve food security and invests in solutions to increase access to nutritious food [5]