Company Leadership Changes - Andrew Wiederhorn has returned as Chief Executive Officer of FAT Brands, while continuing as Chairman of the Board [1][2] - Ken Kuick will focus solely on his role as Chief Financial Officer, and Taylor Wiederhorn will remain as Chief Development Officer [1] Strategic Focus - The company aims to build on its momentum through organic expansion, targeted acquisitions, increasing manufacturing capacity, and focusing on its balance sheet [2] - FAT Brands is positioned as a global leader in the restaurant industry [2] Company Overview - FAT Brands is a leading global franchising company that owns and operates 18 restaurant brands, including Fatburger and Johnny Rockets, with over 2,300 units worldwide [3]

Core Insights - FAT Brands Inc. has opened its first co-branded Round Table Pizza and Fatburger location in Rancho Cordova, California, allowing customers to enjoy a diverse menu that includes custom-built burgers, fries, and milkshakes [1][2] Company Overview - FAT Brands is a leading global franchising company that owns and operates 18 restaurant brands, including Round Table Pizza and Fatburger, with over 2,300 units worldwide [3] - Round Table Pizza has been recognized for its commitment to quality and authenticity for over 60 years, operating approximately 400 restaurants across the United States [4] - Fatburger, a Hollywood favorite, has a legacy of over 70 years, known for its customizable burgers and strong customer loyalty, including a fan base of celebrities and athletes [5] Strategic Initiatives - The opening of the co-branded location represents a strategic growth initiative for FAT Brands, with plans to expand this model throughout California [2] - The grand opening celebration on August 9 includes promotional offers such as free Original Fatburgers for the first 100 customers and complimentary fries with any purchase [2] Location Details - The new restaurant is located at 2234 Sunrise Blvd., Rancho Cordova, CA 95670, with operating hours from 11:00 a.m. to 9:00 p.m. Sunday through Thursday, and 11:00 a.m. to 10:00 p.m. on Friday and Saturday [3]

Core Viewpoint - FAT Brands has reached a settlement to resolve two stockholder derivative lawsuits without admitting liability, while implementing corporate governance changes and receiving financial compensation [1][2][3] Group 1: Lawsuit Details - The derivative lawsuits were filed in June 2021 and March 2022, related to a merger and recapitalization [1] - The lawsuits involved claims against current and former directors and officers of the Company [1] Group 2: Settlement Terms - The settlement includes a $10 million payment from the Company's insurers, with plaintiffs' counsel fees deducted [2] - Fog Cutter Holdings LLC will contribute 200,000 shares of Twin Hospitality Group Inc. to the Company as part of the settlement [2] - The settlement is subject to court approval and non-objection by the United States [3] Group 3: Company Overview - FAT Brands is a global franchising company that owns 18 restaurant brands and operates over 2,300 units worldwide [4] - The Company focuses on fast casual, quick-service, casual dining, and polished casual dining concepts [4]

Core Insights - FAT Brands reported a total revenue of $146.8 million for the fiscal second quarter of 2025, a decrease of $5.2 million or 3.4% compared to the same period in the previous year [5][6] - The company experienced a net loss of $54.2 million, or $3.17 per diluted share, compared to a net loss of $39.4 million, or $2.43 per diluted share, in the fiscal second quarter of 2024 [6][10] - The company opened 18 new locations during the second quarter and aims for over 100 restaurant openings in 2025, supported by a pipeline of approximately 1,000 signed deals [2][5] Financial Performance - Total revenue decreased by 3.4% to $146.8 million from $152.0 million in the fiscal second quarter of 2024, primarily due to the closure of five underperforming Smokey Bones locations and lower same-store sales [5][6] - System-wide sales declined by 3.7%, and same-store sales decreased by 3.9% [6] - Adjusted EBITDA remained stable at $15.7 million for both the fiscal second quarter of 2025 and 2024 [6][27] Cost Management - General and administrative expenses increased by 50.3% to $44.4 million, primarily due to increased share-based compensation [7] - Cost of restaurant and factory revenues decreased by 2.1% to $98.1 million, reflecting reduced costs at company-owned restaurants [8] - Advertising expenses decreased by $3.1 million to $11.5 million compared to the prior year [9] Strategic Initiatives - The company is focusing on expanding its manufacturing capacity and pursuing strategic partnerships to enhance brand reach and manufacturing capabilities [2] - Digital sales at Great American Cookies now account for 25% of total revenue, with loyalty-driven sales up 40% [2] - The company has secured a bondholder agreement to convert amortizing bonds to interest-only, generating an additional $30 to $40 million in annual cash flow savings [2]

Company Overview - FAT Brands Inc. is a global restaurant franchising company with a portfolio of 18 restaurant concepts and over 2,300 locations worldwide [2][3] - The company operates well-known brands such as Fatburger, Johnny Rockets, Round Table Pizza, and Twin Peaks [2][3] Legal Developments - The U.S. Attorney for the Central District of California has filed a motion to dismiss all charges against Andrew Wiederhorn and other defendants, asserting that there were no victims, losses, or crimes involved [1][2] - Andy Wiederhorn expressed gratitude towards the U.S. Attorney's Office for reviewing the case and emphasized the company's focus on growth following the dismissal of the indictment [2] Growth Prospects - With the legal matter resolved, FAT Brands is positioned for continued growth, with over 1,000 units in its development pipeline and approximately 120 signed development agreements year-to-date [2] - The company anticipates more than 100 new store openings within the current year, indicating a robust expansion strategy [2]

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 [4] - The company has over 2,300 units worldwide, focusing on fast casual, quick-service, casual dining, and polished casual dining concepts [4] Financial Results Announcement - The company will host a conference call to review its second quarter 2025 financial results on July 30, 2025, at 4:30 PM ET [1] - A press release with the financial results will be issued prior to the conference call on the same day [1] Conference Call Access - The conference call can be accessed live via phone or webcast, with specific dial-in numbers provided for U.S. and international participants [2][3] - A replay of the call will be available until August 20, 2025, with details on how to access the replay also provided [2]

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]

Core Insights - FAT Brands reported a total revenue of $142.0 million for the fiscal first quarter of 2025, a decrease of $9.9 million or 6.5% compared to $152.0 million in the same quarter last year, primarily due to lower same-store sales and the closure of one Smokey Bones location [5][7] - The company opened 23 new locations in the first quarter, representing a 37% increase from the previous year, and is on track to open over 100 new restaurants in 2025 [2][7] - The net loss for the first quarter was $46.0 million, or $2.73 per diluted share, compared to a net loss of $38.3 million, or $2.37 per diluted share, in the same quarter of 2024 [7][9] Financial Performance - System-wide sales declined by 1.8%, and same-store sales decreased by 3.4% in the first quarter of 2025 [7] - EBITDA for the quarter was $2.1 million, down from $9.4 million in the fiscal first quarter of 2024, while adjusted EBITDA was $11.1 million compared to $18.2 million in the prior year [7][26] - General and administrative expenses increased by $3.0 million, or 10.1%, to $33.0 million, primarily due to increased professional fees related to pending litigation [8] Strategic Developments - The successful spin-off of Twin Hospitality Group Inc. resulted in a $50 million dividend to shareholders, while the company retains ownership of remaining shares [2] - The company is advancing its strategy to return to a nearly 100% franchised model, with plans to refranchise 57 company-operated Fazoli's restaurants [2] - FAT Brands is expanding internationally, having secured agreements to open 40 locations in France, including Fatburger and Buffalo's Cafe concepts [2]

Core Viewpoint - FAT Brands Inc. will host a conference call to discuss its first quarter 2025 financial results on May 8, 2025, at 5:30 PM ET, with a press release to be issued prior to the call [1] Group 1: Conference Call Details - The conference call can be accessed by dialing 1-877-704-4453 from the U.S. or 1-201-389-0920 internationally, with a replay available until May 29, 2025 [2] - The call will be hosted by Andy Wiederhorn, Chairman, and Ken Kuick, Co-Chief Executive Officer and Chief Financial Officer [2] - The conference call will also be webcast live on the corporate website under the "Investors" section, with a replay available shortly after the call [3] Group 2: Company Overview - FAT Brands is a leading global franchising company that owns and operates 18 restaurant brands, including Round Table Pizza, Fatburger, and Johnny Rockets, with over 2,300 units worldwide [4] - The company focuses on acquiring, marketing, and developing various dining concepts, including fast casual, quick-service, and casual dining [4]

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]