Twin Peaks

FAT Brands Announces Acquisition of Smokey Bones Barbecue Chain

Retrieved on: 
Monday, September 25, 2023

LOS ANGELES, Sept. 25, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today announces it has acquired the Smokey Bones Bar & Fire Grill restaurant chain from an affiliate of Sun Capital Partners, Inc. The acquisition marks the Company’s first foray into barbecue and expands FAT Brands’ portfolio of polished dining chains, which currently includes Twin Peaks. The purchase is expected to increase annual adjusted EBITDA by approximately $10 million, and bring 61 new corporate locations under FAT Brands’ umbrella. The $30 million transaction was funded from the Company’s existing securitization facilities.

Key Points: 
  • Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today announces it has acquired the Smokey Bones Bar & Fire Grill restaurant chain from an affiliate of Sun Capital Partners, Inc.
  • The acquisition marks the Company’s first foray into barbecue and expands FAT Brands’ portfolio of polished dining chains, which currently includes Twin Peaks.
  • The purchase is expected to increase annual adjusted EBITDA by approximately $10 million, and bring 61 new corporate locations under FAT Brands’ umbrella.
  • “We continue to be selective and opportunistic in our acquisition strategy, targeting brands that are both scalable and synergistic with our existing platform,” said Rob Rosen, Co-CEO of FAT Brands.

ONE Championship and DIRECTV for BUSINESS(SM) to Broadcast Live Martial Arts Events in U.S. Bars and Restaurants

Retrieved on: 
Thursday, September 21, 2023

SINGAPORE, Sept. 21, 2023 /PRNewswire/ -- ONE Championship (ONE), the world's largest martial arts organization, today announced an agreement with DIRECTV for BUSINESS to carry monthly Friday night primetime martial arts events commercially in bars and restaurants across the United States. 

Key Points: 
  • SINGAPORE, Sept. 21, 2023 /PRNewswire/ -- ONE Championship (ONE), the world's largest martial arts organization, today announced an agreement with DIRECTV for BUSINESS to carry monthly Friday night primetime martial arts events commercially in bars and restaurants across the United States.
  • DIRECTV for BUSINESS will provide live, action-packed ONE Fight Night events to both national chains and independently owned establishments.
  • Mike Wittrock, Chief Sales & Service Officer at DIRECTV stated: "Mixed Martial Arts continues to grow in popularity across the country, so we're excited to deliver ONE Championship events to bars and restaurants nationwide.
  • The card is headlined by four women's bouts, including three World Title matches across three different martial arts disciplines.

Howler Head® Bourbon Expands Global Distribution to Mexico with Campari Group, Leveraging Vast Experience in Growing Whiskey Market

Retrieved on: 
Thursday, September 14, 2023

MEXICO CITY, Sept. 14, 2023 /PRNewswire-PRWeb/ -- Campari Group and Catalyst Spirits announce Howler Head® Bourbon – the official bourbon whiskey of UFC®, the world's premier mixed martial arts (MMA) organization, and the original super premium banana-flavored bourbon whiskey – is now available in Mexico. The launch coincides with UFC Fight Night: Grasso vs. Shevchenko 2 on September 16, which celebrates Mexican Independence Day. Campari Group has a 15% stake in the popular Catalyst Spirits brand, which is also available in Australia, Brazil, the United States, Canada, and the United Kingdom.

Key Points: 
  • MEXICO CITY, Sept. 14, 2023 /PRNewswire-PRWeb/ -- Campari Group and Catalyst Spirits announce Howler Head® Bourbon – the official bourbon whiskey of UFC ®, the world's premier mixed martial arts (MMA) organization, and the original super premium banana-flavored bourbon whiskey – is now available in Mexico.
  • Howler Head starts with real, carefully crafted Kentucky Straight Bourbon Whiskey made with premium grains and mineral-rich water, aged for two years in charred American white oak barrels.
  • The bourbon whiskey market achieved a +7.2% CAGR 2022 vs 2021 and has an estimated CAGR of +2% 2027 vs 2022.
  • "With its award-winning taste and eye-catching packaging, Howler Head is designed to stand out," added Simon Hunt, CEO of Catalyst Spirits.

FAT BRANDS INC. REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS

Retrieved on: 
Thursday, August 3, 2023

LOS ANGELES, Aug. 03, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported financial results for the fiscal second quarter ended June 25, 2023.

Key Points: 
  • Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported financial results for the fiscal second quarter ended June 25, 2023.
  • Costs and expenses remained largely unchanged in the second quarter, decreasing 1.4% in the second quarter of 2023 compared to the same period in the prior year.
  • Advertising expenses in the second quarter of 2023 were $11.6 million in both the second quarter of 2023 and 2022.
  • FAT Brands will host a conference call and webcast to discuss its fiscal second quarter 2023 financial results today at 4:30 PM ET.

FAT Brands Announces Intent to Take Twin Peaks Public

Retrieved on: 
Tuesday, June 6, 2023

LOS ANGELES, June 06, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) today announced its plans to pursue an initial public offering of its Twin Peaks restaurant business. The transaction is intended to unlock value for FAT Brands’ shareholders by creating a separate publicly traded company and help facilitate continued strong growth of the restaurant chain and market segment.

Key Points: 
  • Brands Inc. (NASDAQ: FAT) today announced its plans to pursue an initial public offering of its Twin Peaks restaurant business.
  • Twin Peaks continues to redefine the sports lodge dining category, most recently opening its 100th location.
  • Since the acquisition by FAT Brands in October 2021, Twin Peaks’ footprint has continued to grow both in unit count and geographically, and now operates in 26 states and two countries.
  • “Twin Peaks was an exceptional acquisition for us in 2021,” said Ken Kuick, Co-CEO and CFO of FAT Brands.

Twin Peaks Hits Key Growth Milestone with 100th Opening

Retrieved on: 
Monday, June 5, 2023

INDIANAPOLIS, June 5, 2023 /PRNewswire/ -- Twin Peaks Restaurant celebrated its 100th lodge opening on June 2 in the Indianapolis suburb of Greenwood, Indiana. Not lost in the moment was Twin Peaks CEO Joe Hummel's focus on what is ahead for the brand – and how it is going to get there.

Key Points: 
  • INDIANAPOLIS, June 5, 2023 /PRNewswire/ -- Twin Peaks Restaurant celebrated its 100th lodge opening on June 2 in the Indianapolis suburb of Greenwood, Indiana.
  • Twin Peaks recently opened its 100th lodge and sees 20 per year opening in the next few years, hitting 200 by 2027.
  • From the time Hummel opened his first lodge in the Atlanta area as a franchisee, it took Twin Peaks 12 years to reach its centennial location.
  • Each Twin Peaks offers a wide selection of local, domestic and imported draft favorites that are served at 29 degrees.

FAT BRANDS INC. REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS

Retrieved on: 
Monday, May 8, 2023

LOS ANGELES, May 08, 2023 (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 26, 2023.

Key Points: 
  • Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported financial results for the fiscal first quarter ended March 26, 2023.
  • Over the last few years, Ken and Rob have played key roles in the accelerated growth of the FAT Brands portfolio comprised of 17 iconic restaurant brands with over 2,300 units and systemwide sales of $2.2 billion annually.”
    “Organic growth at FAT Brands remains strong.
  • We opened 41 new units during the first quarter and plan to open 45 additional units in the second quarter.
  • FAT Brands will host a conference call and webcast to discuss its fiscal first quarter 2023 financial results today at 4:30 PM ET.

FAT Brands Announces Ken Kuick and Rob Rosen as Co-CEOs

Retrieved on: 
Monday, May 1, 2023

LOS ANGELES, May 01, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. announces Ken Kuick and Rob Rosen as Co-CEOs, effective May 5, 2023. As previously announced, Andy Wiederhorn will step down as CEO and continue in his role as Chairman of the Board, where he will focus on the strategic direction of the company, the allocation of capital, and ensuring the management team executes the Company’s business plan while maintaining quality restaurant operations.

Key Points: 
  • Brands Inc. announces Ken Kuick and Rob Rosen as Co-CEOs, effective May 5, 2023.
  • Mr. Kuick and Mr. Rosen will also continue in their respective roles as Chief Financial Officer and Executive Vice President of Capital Markets while assuming the Co-CEO role.
  • “Over the last few years, Ken and Rob have played a tremendous role in the unprecedented growth of FAT Brands,” said Andy Wiederhorn, CEO of FAT Brands.
  • “In the near term, Ken and I will look to build on the strong foundation FAT Brands has already laid, which includes our robust growth pipeline, exciting innovations, and a commitment to our franchisees and customers.”
    For more information on FAT Brands, visit www.fatbrands.com .

FAT BRANDS INC. REPORTS FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS

Retrieved on: 
Wednesday, February 22, 2023

LOS ANGELES, Feb. 22, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported fourth quarter and full year 2022 financial results for the fiscal year ended December 25, 2022.

Key Points: 
  • Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported fourth quarter and full year 2022 financial results for the fiscal year ended December 25, 2022.
  • Andy Wiederhorn, President and CEO of FAT Brands, commented, “The fourth quarter marked yet another strong performance for FAT Brands, as evidenced by our robust unit development and profitable revenue growth.
  • Adjusted net loss was $43.0 million, or $2.60 per diluted share, in the fourth quarter of 2022 compared to $16.5 million, or $1.16 per diluted share, in the fourth quarter of 2021.
  • FAT Brands will host a conference call and webcast to discuss its fiscal fourth quarter 2022 financial results today at 5:00 PM ET.

Twin Peaks Nears 100 Locations to Finish Award-Filled 2022

Retrieved on: 
Monday, February 13, 2023

DALLAS, Feb. 13, 2023 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Twin Peaks Restaurant and 16 other restaurant concepts, is pleased to announce another strong year for Twin Peaks. The leading sports lodge concept generated strong growth throughout 2022 in addition to landing top spots on several prestigious awards lists.

Key Points: 
  • Brands Inc. , parent company of Twin Peaks Restaurant and 16 other restaurant concepts, is pleased to announce another strong year for Twin Peaks.
  • The leading sports lodge concept generated strong growth throughout 2022 in addition to landing top spots on several prestigious awards lists.
  • Twin Peaks began 2022 with the opening of its third lodge in Mexico City and now has four locations south of the border.
  • Twin Peaks supported the ALS Foundation with a systemwide campaign to raise $15,000 for the organization and hosted the Twin Peaks Annual Hero’s Golf Tournament that raised $100,000 for its military foundation, Tunnel to Towers.