An update from Fat Brands ( (FAT) ) is now available.
On February 27, 2025, FAT Brands reported its financial results for the fourth quarter and full fiscal year 2024, which ended on December 29, 2024. The company experienced a decrease in total revenue by 8.4% in the fourth quarter compared to the previous year, attributed to an extra operating week in 2023 and lower same-store sales. Despite these challenges, FAT Brands expanded its footprint by opening 92 new restaurants in 2024 and signing over 250 new franchise agreements, increasing its development pipeline to 1,000 locations. The company also spun out Twin Hospitality Group Inc. as a separate publicly traded entity, aiming to maximize value creation for stockholders. Looking forward, FAT Brands plans to refranchise its company-owned locations, focusing on becoming nearly 100% franchised.
More about Fat Brands
FAT Brands (NASDAQ: FAT) is a global franchising company that acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts worldwide. The company owns 18 restaurant brands, including Round Table Pizza, Fatburger, and Johnny Rockets, and franchises approximately 2,300 units globally.
YTD Price Performance: 16.89%
Average Trading Volume: 51,296
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $60.51M
See more data about FAT stock on TipRanks’ Stock Analysis page.
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