Marble Slab Creamery

Search documents
FAT Brands Inc. Announces Participation at the Noble Capital Markets Emerging Growth Equity Virtual Conference
Globenewswire· 2025-06-04 00:51
Company Overview - FAT Brands Inc. is a leading global franchising company that owns and operates 18 restaurant brands including Round Table Pizza, Fatburger, Johnny Rockets, and Twin Peaks [3] - The company has approximately 2,300 units worldwide, focusing on fast casual, quick-service, casual dining, and polished casual dining concepts [3] Upcoming Event - Andy Wiederhorn, Chairman, and Ken Kuick, Co-CEO and CFO of FAT Brands, will present at Noble Capital Markets' Emerging Growth Virtual Equity Conference on June 5, 2025, at 1:00 PM Eastern Standard Time [1] - Registered, qualified investor attendees will have the opportunity for scheduled 1x1 meetings with the company [1] Event Accessibility - Attendees can register for the live presentation at no cost [2] - A video webcast of the presentation will be available on the company's website and on Channelchek for 90 days following the event [2]
FAT Brands(FAT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 22:32
FAT Brands (FAT) Q1 2025 Earnings Call May 08, 2025 05:30 PM ET Company Participants Ken Kuick - Co-CEO & CFOAndrew Wiederhorn - Founder & ChairmanAlton Stump - MD - Equity ResearchRoger Lipton - President Conference Call Participants Joe Gomes - Senior Generalist Analyst Operator Greetings, and welcome to the FAT Brands Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. ...
FAT Brands(FAT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 22:32
FAT Brands (FAT) Q1 2025 Earnings Call May 08, 2025 05:30 PM ET Company Participants Ken Kuick - Co-CEO & CFOAndrew Wiederhorn - Founder & ChairmanAlton Stump - MD - Equity ResearchRoger Lipton - President Conference Call Participants Joe Gomes - Senior Generalist Analyst Operator Greetings, and welcome to the FAT Brands Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. ...
FAT Brands(FAT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 22:30
Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $142 million, a 6.5% decrease from $152 million in the same period last year [11][28] - Adjusted EBITDA was $11.1 million compared to $18.2 million in the previous year [12][30] - Net loss attributable to FAT Brands was $46 million or $2.73 per diluted share, compared to a net loss of $38.3 million or $2.37 per share in the prior year [29] Business Line Data and Key Metrics Changes - System-wide sales were $571.1 million, down 1.8% compared to the previous year's quarter [12] - Casual Dining segment saw same store sales increase approximately 1.6%, driven by Buffalo's Cafe and Ponderosa and Bonanza locations [13] - Factory revenue decreased by about 7% [50] Market Data and Key Metrics Changes - Domestic system-wide sales outperformed international sales, although there was a rebound in international locations towards the end of Q1 [12] - Digital sales at Roundtable Pizza increased by 5% sequentially from Q4 2024 to Q1 2025 [15] Company Strategy and Development Direction - The company is focused on expanding its brand presence with over 1,000 new locations in the pipeline and evaluating strategic acquisitions [13][16] - A remodeling initiative aims to refresh 5% of all stores in 2025, increasing to 10% in 2026 [17] - The company is enhancing production capabilities at its Georgia facility, targeting increased utilization from 40-45% to 60-70% [24] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer confidence is mixed, with consumers being apprehensive and focused on value [38] - The company is committed to debt reduction and leveraging growth opportunities, with a focus on maximizing shareholder value [27] - Management expressed confidence in achieving full annual equity target raises despite current market volatility [10][42] Other Important Information - The company has temporarily paused FAT's common dividend and started accruing the FAT Series B preferred dividend [10] - The spin-off of Twin Hospitality Group Inc. was completed, allowing shareholders to invest directly in Twin Peaks growth [7] Q&A Session Summary Question: Impact of cookie facility utilization increase - Management aims to increase the facility's revenue from $15 million to $25 million annually with improved contracts [32][36] Question: Consumer focus on value - Management indicated that consumers are looking for great food and experiences to justify prices, and this trend is expected to continue [39][40] Question: Delay in equity raise post-Twin Peaks IPO - Management stated that there are no immediate pressures, and they are waiting for market conditions to improve [41][42] Question: Year-over-year impact of Smoky Bones - Management estimated a couple million dollars negative impact from Smoky Bones on adjusted EBITDA [66] Question: Timeline for new CEO search - The executive search for a new CEO is progressing well, with several excellent candidates [72] Question: Incremental adjusted EBITDA from new stores and factory - Management expects the additional $15 million in adjusted EBITDA to materialize over the next couple of years [73]
FAT BRANDS INC. REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS
Globenewswire· 2025-05-08 20:05
Conference call and webcast today at 5:30 p.m. ET LOS ANGELES, May 08, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported financial results for the fiscal first quarter ended March 30, 2025. 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 o ...
FAT Brands Announces Appointment of Taylor Wiederhorn as Co-CEO
GlobeNewswire News Room· 2025-04-29 21:50
Company Leadership Transition - FAT Brands Inc. has appointed Taylor Wiederhorn as Co-Chief Executive Officer, effective April 29, 2025, while Rob Rosen transitions to a consulting role focused on debt and capital markets [1][2] - Ken Kuick will continue to serve as Co-Chief Executive Officer and Chief Financial Officer alongside Wiederhorn [1] Background of New Co-CEO - Taylor Wiederhorn has served as Chief Development Officer for the past eight years, overseeing the sale of thousands of new franchise locations across the company's portfolio [2] - In 2023, Wiederhorn assumed the role of brand CEO for 15 of FAT Brands' concepts, indicating a strong background in brand management and development [2] Company Overview - FAT Brands is a leading global franchising company that owns 18 restaurant brands, including Round Table Pizza, Fatburger, and Johnny Rockets, and operates over 2,300 units worldwide [3] - The company focuses on acquiring, marketing, and developing various dining concepts, ranging from fast casual to polished casual dining [3]
FAT Brands(FAT) - 2024 Q4 - Earnings Call Transcript
2025-02-28 23:58
FAT Brands Inc. (NASDAQ:FAT) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Company Participants Andy Wiederhorn - Chairman Ken Kuick - Co-Chief Executive Officer and CFO Conference Call Participants Roger Lipton - Lipton Financial Services Operator Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the FAT Brands Inc. Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded today, February 27, 2025. On t ...