LOS ANGELES, Jan. 08, 2026 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, Fazoli’s and 13 other restaurant concepts, today announced their participation in the 28th Annual ICR Conference. Andy Wiederhorn, Chief Executive Officer and Chairman, and Ken Kuick, Chief Financial Officer, will host a fireside chat on Tuesday, January 13th, 2026, ...

Core Insights - FAT Brands reported strong results in the third quarter of fiscal 2025, with a notable same-store sales growth of 3.9% in the casual dining segment, marking the best performance of the year to date [3] - The company opened 60 new restaurants in 2025 and has approximately 900 committed locations expected to contribute $50-$60 million in incremental EBITDA once fully operational [3] - A strategic partnership with Virtual Dining Concepts aims to enhance manufacturing growth by making Great American Cookies available from Chuck E. Cheese locations nationwide [3] Financial Performance - Total revenue decreased by $3.4 million, or 2.3%, to $140.0 million compared to $143.4 million in the same quarter of the previous year, primarily due to the closure of 11 underperforming Smokey Bones locations [6][7] - System-wide sales declined by 5.5%, and same-store sales decreased by 3.5% [7] - The net loss for the quarter was $58.2 million, or $3.39 per diluted share, compared to a net loss of $44.8 million, or $2.74 per diluted share, in the same quarter of the previous year [7][11] Cost and Expenses - General and administrative expenses increased by $8.2 million, or 23.7%, to $42.7 million, primarily due to costs associated with the closure of Smokey Bones locations and higher non-cash share-based compensation [8] - Advertising expenses rose by $2.1 million to $12.2 million compared to the prior year [10] - Total costs and expenses for the quarter were $157.4 million, compared to $152.2 million in the same quarter of the previous year [26] Strategic Initiatives - The company is negotiating a debt restructuring with noteholders and plans a $75-$100 million equity raise at Twin Hospitality Group Inc. to pay down debt and fund new unit development [3] - The pause on dividends is expected to preserve $35-$40 million in annual cash flow [3] - The company is advancing plans for approximately 50 additional co-branded locations, indicating significant potential for this format [3]

Core Viewpoint - FAT Brands Inc. will host a conference call to discuss its third quarter 2025 financial results on November 5, 2025, at 4:30 PM ET, with a press release to be issued beforehand [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 November 26, 2025 [2] - The call will be hosted by CEO Andy Wiederhorn and CFO Ken Kuick [2] - The conference call will also be available via live webcast on the corporate website, with a replay accessible 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, among others [4] - The company franchises and owns over 2,300 restaurant units worldwide [4]

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]