Friday, July 9, 2021
FAT Brands Inc. (FAT)
More International Expansion
FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, and acquires predominantly fast casual restaurant concepts. The company provides turkey burgers, chicken Sandwiches, chicken tenders, burgers, ribs, wrap sandwiches, and others. Its brand portfolio comprises Fatburger, Buffalo’s Cafe and Express, and Ponderosa and Bonanza. The company’s overall footprint covers nearly 32 countries. Fatburger generates maximum revenue for the company.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
New Deal for Mexico. FAT Brands has entered into an agreement with Red Rombo Group to bring 50 co-branded Fatburger and Buffalo’s Express locations to Mexico. The concept will make its debut in Mexico City with three locations, the first of which is set to open by the end of the year.
Continuing Momentum. The Mexican deal comes on the heels of an agreement to open 40 co-branded Fatburger/Buffalo Express locations in France, five locations in the Democratic Republic of Congo, and 12 locations that are slated to open in Brazil, Chile, Italy, Peru, and Spain. Each new location continues to…
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
