FAT Brands Reaches New Milestone with 100th Store Opening in 2022
26 Outubro 2022 - 7:00AM
FAT (Fresh. Authentic. Tasty.) Brands Inc., a leading global
franchising company that owns restaurant brands including Johnny
Rockets, Fatburger, Round Table Pizza, Twin Peaks and 13 other
concepts, announces it has opened a record-breaking 100 new
franchised locations so far this year, and is poised for further
growth, with approximately 25 additional stores slated to open by
year end. This is the first year since the company’s inception in
2017 that it has surpassed 100 openings in a year.
Following a year of strategic acquisitions in
2021, the company has committed to expanding organically. Notable
openings, which spanned 17 states and 14 countries, included new
locations in Mexico of the company’s co-branded burger and wing
concept, Fatburger and Buffalo’s Express, and Twin Peaks, the
ultimate sports lodge. The Mexico openings marked the first of 82
Twin Peaks and Fatburger and Buffalo’s Express units set to open in
the country in the coming years. Fatburger & Buffalo’s Express
also arrived in the Democratic Republic of Congo and was one of the
highest volume international openings to date for the co-branded
pair. Similarly, Johnny Rockets continues to experience sizzling
international growth, notching 12 openings this year. Domestically,
the classic burger brand made its co-branded debut alongside
Hurricane Grill & Wings’ new model, Hurricane Wings, in
Washington, D.C.
Round Table Pizza continues to roll its way
through Texas, with its fourth location in the state opening in San
Antonio. Additionally, FAT Brands’ late 2021 acquisition, Fazoli’s,
baked up three more locations in Florida. On the alternative growth
front, Johnny Rockets cruised into Royal Caribbean’s Wonder of the
Seas, while Fatburger landed in two new casino locations in Las
Vegas, The Venetian® Resort and the Excalibur Hotel &
Casino.
“With a development pipeline of over 1,000
units, we have been laser-focused on successfully launching new
locations across multiple brands,” said FAT Brands
CEO Andy Wiederhorn. “Opening 100 stores so far this year is an
incredible accomplishment and a testament to our dedicated
franchisees and appeal of our family of brands. Equally impressive
is the type of growth we have achieved. While we continued to
expand in existing territories, we broke ground in new countries
and states and debuted new co-branded concepts and non-traditional
units.”
For more information on FAT Brands, visit
www.fatbrands.com.
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) is a leading global
franchising company that strategically acquires, markets, and
develops fast casual, quick-service, casual dining, and polished
casual dining concepts around the world. The Company currently owns
17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab
Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American
Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express,
Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native
Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza
Steakhouses, and franchises and owns over 2,300 units
worldwide.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements relating to the timing and
performance of new store openings. Forward-looking statements
reflect expectations of FAT Brands Inc. (“we”, “our” or the
“Company”) concerning the future and are subject to significant
business, economic and competitive risks, uncertainties and
contingencies, including but not limited to uncertainties
surrounding the severity, duration and effects of the COVID-19
pandemic. These factors are difficult to predict and beyond our
control, and could cause our actual results to differ materially
from those expressed or implied in such forward-looking statements.
We refer you to the documents that we file from time to time with
the Securities and Exchange Commission, such as our reports on Form
10-K, Form 10-Q and Form 8-K, for a discussion of these and other
factors. We undertake no obligation to update any forward-looking
statement to reflect events or circumstances occurring after the
date of this press release.
MEDIA
CONTACT: Erin
Mandzik, FAT Brandsemandzik@fatbrands.com 860-212-6509
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