Inspired by the honor, valor, and revelry of the Knights of the Round Table, Round Table Pizza's superior pizza and commitment to quality and authenticity have earned the reputation of "Pizza Royalty" for over 60 years. With approximately 400 restaurants across the United States, Round Table celebrates community, family, and making merry. For more information, visit www.roundtablepizza.com. For over 40 years, Marble Slab Creamery has been an innovator in the ice cream space, dreaming up the frozen slab tech ...

Core Insights - FAT Brands has opened a new Fatburger location at Dallas Fort Worth International Airport, specifically in the American Airlines employee dining hall, marking the first restaurant franchise in an airport employee cafeteria [1] - The new Fatburger offers a variety of burger options, including Original Fatburger, Turkeyburgers, and Impossible Burgers, along with sides like Fat and Skinny Fries and hand-scooped milkshakes made from 100% real ice cream [2] - The COO of FAT Brands' Fast Casual Division highlighted the strategic value of this opening, indicating potential for growth in other airports as their offerings are suitable for on-the-go meals [3] Company Overview - FAT Brands is a leading global franchising company that owns and operates 18 restaurant brands, including Fatburger, and has over 2,300 units worldwide [4] - Fatburger has a legacy of over 70 years, known for its high-quality, customizable burgers, and has a loyal customer base that includes celebrities and athletes [5] - Gideon Toal Management Services, a partner in this venture, operates airport lounges in 13 domestic U.S. airports and has received numerous awards for customer service [6]

Core Insights - FAT Brands Foundation increased its charitable giving in 2024, awarding approximately $325,000 to 70 local non-profits across 17 states and Washington D.C. [1] - The foundation's giving increased by 36% compared to 2023, with 27 additional grants awarded, marking a 59% rise in the number of supported organizations [2] - 2024 was a record-breaking year for the FAT Brands Foundation, raising over $200,000 through fundraising initiatives and expanding its support for local communities [3] Financial Impact - The total amount awarded by the FAT Brands Foundation in 2024 was approximately $325,000 [1] - The foundation's giving increased by 36% from the previous year [2] - Fundraising initiatives in 2024 raised over $200,000 [3] Community Support - The foundation supported various causes, including those affected by the LA fires, youth enrichment, food insecurity, and health programs [2] - The foundation aims to expand its donor base and partnerships to meet the growing demand for funding in communities [3] Organizational Background - FAT Brands is a global franchising company that owns 18 restaurant brands and operates over 2,300 units worldwide [5] - The FAT Brands Foundation, established in 2022, focuses on uplifting communities through partnerships with local non-profits [6]

Core Insights - Fatburger, owned by FAT Brands Inc., has reintroduced the Baby Fat burger at a promotional price of $5.99, available until June 30, 2025 [2][3] - The Baby Fat burger is designed to appeal to both long-time fans and new customers, complementing other menu items like fries and milkshakes [3] Company Overview - FAT Brands is a global franchising company that owns and operates 18 restaurant brands, including Fatburger, and has over 2,300 units worldwide [5] - Fatburger has a legacy of over 70 years, known for its customizable burgers and a diverse menu that includes various sides and desserts [6]

Group 1 - Fatburger, owned by FAT Brands Inc., has reintroduced the Baby Fat burger at a promotional price of $5.99, available until June 30 [2][3] - The Baby Fat burger is designed to appeal to both long-time fans and new customers, complementing other menu items like fries and milkshakes [3] - FAT Brands operates 18 restaurant brands and has over 2,300 units worldwide, indicating a strong market presence [5][6] Group 2 - Fatburger has a legacy of over 70 years, known for its customizable burgers and high-quality ingredients, which has fostered a loyal customer base [3][6] - The company emphasizes a unique dining experience with a contemporary design, maintaining its commitment to gourmet, made-to-order burgers [6]

Core Points - Round Table Pizza, owned by FAT Brands Inc., is offering a special promotion for Royal Rewards Members on Pi Day, March 14, where they can purchase a Personal Pizza for $3.14 with the purchase of any Large or XL pizza [1][3] - The brand emphasizes its commitment to quality, using high-standard ingredients and hand-crafted pizzas, which has earned it the title of "Pizza Royalty" since its founding in 1959 [2][6] - The promotion is part of Round Table Pizza's marketing strategy to engage customers and celebrate community and family values [3][6] Company Overview - FAT Brands is a global franchising company that owns and operates 18 restaurant brands, including Round Table Pizza, and has over 2,300 units worldwide [5] - Round Table Pizza has approximately 400 locations globally and has maintained its reputation for quality and authenticity for over 60 years [6]

$3.14 Personal Pizza for Royal Rewards Members All Day Long at Leading Pizza Chain LOS ANGELES, March 05, 2025 (GLOBE NEWSWIRE) -- Round Table Pizza, a pizza franchise known for its commitment to quality and authenticity owned by FAT Brands Inc., is gearing up to celebrate Pi Day once again with a slice of savings! All day long at participating locations on March 14, Royal Rewards Members will receive a Personal Pizza with a choice of one topping for just $3.14, with the purchase of any Large or XL pizza. S ...

FAT Brands Inc. (NASDAQ:FAT) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Company Participants Andy Wiederhorn - Chairman Ken Kuick - Co-Chief Executive Officer and CFO Conference Call Participants Roger Lipton - Lipton Financial Services Operator Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the FAT Brands Inc. Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded today, February 27, 2025. On t ...

Financial Performance and Risks - The aggregate principal balance of the indebtedness under the whole-business securitization facilities was $1.3 billion as of December 29, 2024[74]. - The company faces government charges related to violations of the Sarbanes-Oxley Act, with a total amount of $2.65 million involved, which could adversely affect its financial condition and reputation[107]. - The company is involved in stockholder litigation that may increase expenses and divert management attention, potentially harming business operations[110]. - Environmental litigation against the company's subsidiary could result in damages ranging from $12 million to $22 million, impacting financial results[112]. - The company’s financial performance may be impacted by economic uncertainties, affecting stock price[125]. Franchise Operations and Challenges - The company's growth strategy relies on the successful operation of franchisees, which impacts royalty payments and overall financial results[62]. - Franchisees face challenges in opening new restaurants, including location availability, competition, and financing, which could delay growth[67]. - Negative publicity related to food safety or franchisee operations could adversely affect sales across all franchised restaurants[70]. - Franchisees may underreport sales, impacting royalty income and financial results[65]. - The company is dependent on the financial success of franchisees, and their financial distress could adversely affect overall performance[62]. - The ability to recruit and contract with qualified franchisees is crucial for opening new restaurants and increasing revenues[66]. - Labor shortages and difficulties in staffing could slow growth and reduce profitability, impacting the planned openings of new restaurants[103]. - California's new minimum wage of $20 per hour for fast food employees, effective April 1, 2024, may increase labor costs and affect profitability at franchised restaurants[105]. Legal and Regulatory Compliance - Compliance with alcohol licensing regulations is essential for the operation of Twin Peaks and Smokey Bones restaurants, as non-compliance could significantly impact revenues[80]. - The company faces potential legal risks under dram shop statutes, which could lead to significant judgments and settlements that may adversely impact financial performance[81]. - The company is subject to numerous complex laws and regulations globally, and noncompliance could adversely affect operations and financial results[114]. Economic and Market Conditions - Economic conditions, including geopolitical instability and inflation, could materially affect consumer discretionary spending and operational costs, impacting restaurant traffic and average check amounts[82]. - Changes in consumer discretionary spending due to economic conditions could adversely affect sales at franchisee restaurants, impacting overall profitability[98]. - The retail food industry is highly competitive, with increased competition from grocery and delivery services potentially harming sales and profitability[91]. - Inflationary pressures on food, labor, and utility costs are expected to continue, potentially impacting revenues and operational results if price increases do not offset these costs[92]. - Supply chain shortages or interruptions could lead to increased costs and reduced revenues, affecting the availability and quality of food products[93]. - Climate change may disrupt supply chains and increase costs due to severe weather events and regulatory changes, negatively impacting restaurant sales and operational expenses[97]. Brand and Intellectual Property - The company's success is heavily reliant on maintaining brand value and consumer trust, which can be damaged by incidents related to product quality or supplier conduct[83]. - The company relies on effective intellectual property protection, and any infringement could adversely affect brand value and business operations[84]. Corporate Governance and Stockholder Interests - Fog Cutter Holdings LLC controls approximately 55.6% of the voting power, which may conflict with the interests of public stockholders[118]. - The dual class structure of common stock limits the influence of Class A stockholders on corporate matters, potentially affecting stock price[119]. - Anti-takeover provisions may prevent beneficial changes in control, impacting stockholder interests[120]. - The company has authorized and outstanding shares of Series B Preferred Stock, which have liquidation and dividend rights superior to the rights of Common Stock[123]. - The board of directors has the discretion to decrease or discontinue cash or stock dividends, which have been paid since 2018[126]. - The ability to pay dividends is dependent on the operating subsidiaries generating earnings and positive cash flows[126]. - The company agreed not to pay dividends on common stock until at least $25,000,000 in proceeds from Qualified Equity Offerings have been used to prepay the Twin Securitization Notes[126]. - The potential issuance of preferred stock may adversely affect the market price and rights of Common Stock holders[123]. - The board of directors has the authority to determine preferences and rights of preferred stock without further stockholder action[123]. Guidance and Market Expectations - The company may provide public guidance on expected operating and financial results, which are subject to risks and uncertainties[125]. - If actual results do not meet guidance, the market price of Class A and Class B Common Stock may decline[125]. - The exclusive venue provision in the certificate of incorporation may discourage lawsuits against directors and officers[124]. Cybersecurity - Cybersecurity incidents pose risks of unauthorized access and data theft, which could lead to significant financial and reputational damage[89]. International Operations - The company currently operates franchised restaurants in 34 countries, including 46 states in the U.S., and plans to continue international expansion despite potential geopolitical and economic risks[99].

Financial Data and Key Metrics Changes - Total revenue for Q4 2024 decreased by 8.4% to $145.3 million compared to $158.6 million in Q4 2023, primarily due to one less operating week in the current quarter [15][42]. - System-wide sales were $580.2 million for the quarter, representing a 7.4% decrease from the previous year, again impacted by the fewer operating weeks [15][42]. - The net loss for Q4 2024 was $67.4 million, or $4.06 per diluted share, compared to a net loss of $26.2 million, or $1.68 per share in the prior year [47]. Business Line Data and Key Metrics Changes - The company opened 92 new restaurants in 2024 and plans to open over 100 in 2025, with 17 units already opened year-to-date [18][19]. - The company recognized $30.6 million in non-cash goodwill and other intangible asset impairment during Q4 2024, primarily due to declines in restaurant performance [46]. Market Data and Key Metrics Changes - International locations for Johnny Rockets now represent over 55% of the brand's global footprint, with 11 new international locations opened in 2024 across various markets [23]. - The company continues to see significant opportunities in non-traditional venues, such as theme parks and casinos, which are expected to enhance customer reach [24]. Company Strategy and Development Direction - The company is focused on three core strategic initiatives: generating organic growth, evaluating strategic acquisitions, and expanding manufacturing capabilities [17]. - The spin-off of Twin Hospitality Group is seen as a major milestone, enhancing transparency and providing additional growth opportunities for shareholders [7][8]. - The company aims to reduce debt by $75 million in 2025, including a minimum of $25 million by late April [11]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2025, highlighting strong consumer demand and a robust development pipeline [20][38]. - The company noted mixed performance across brands, with some experiencing positive same-store sales while others faced challenges due to economic conditions [75]. Other Important Information - The FAT Brands Foundation increased its giving by 36% in 2024, providing approximately $325,000 in grants [34]. - The company is committed to community support, demonstrated through various initiatives during crises, such as providing meals to first responders [36][37]. Q&A Session Summary Question: Regarding the Smokey Bones impairment loss - Management confirmed that the operating loss from closed restaurants affected results throughout the year, quantified at about $2.6 million for the full year [50][53]. Question: Update on litigation costs - Management expressed hope that most litigation would be resolved in the current year, potentially reducing legal expenses [54][56]. Question: Liquidity status - Management reported approximately $150 million in available-for-sale securities and an ATM on file for liquidity needs, indicating no foreseeable issues [58][60]. Question: Performance of different brands - Management noted that Fazoli's faced high single-digit same-store declines, while Round Table Pizza and cookie brands showed positive performance [75]. Question: M&A pipeline post-election - Management indicated ongoing interest in strategic acquisitions but emphasized a focus on deleveraging and organic growth rather than increasing leverage [78][80].