Five new Great American Cookies and Marble Slab Creamery locations are opening in Texas, expanding their partnership.
Quiver AI Summary
FAT Brands Inc., the parent company of Great American Cookies and Marble Slab Creamery, has announced the opening of five new co-branded locations in Texas, which will be situated in Missouri City, New Caney, Lewisville, Sugarland, and North Richland Hills. This expansion reflects the growing popularity of the Great American Cookies and Marble Slab Creamery partnership, which has surpassed 160 locations since its inception in 2014. According to Allison Lauenstein, president of both brands, the co-branded experience has resulted in a 10-20 percent sales increase at these locations, making them a profitable option for franchisees. Great American Cookies, known for its Original Cookie Cake and chocolate chip cookies, and Marble Slab Creamery, celebrated for its unique ice cream offerings, are both committed to providing a delightful experience for their customers.
Potential Positives
- Announcement of five new locations in Texas for the co-branded Great American Cookies and Marble Slab Creamery, indicating growth and consumer demand.
- Co-branded locations show a notable 10-20 percent increase in incremental sales, highlighting the financial benefits for franchisees.
- Company emphasizes Texas, particularly Dallas and Houston areas, as key growth markets, suggesting strategic business expansion opportunities.
- FAT Brands' strong presence with 18 restaurant brands and over 2,300 units worldwide reinforces its market position and potential for synergy among its concepts.
Potential Negatives
- Despite the expansion into Texas, the announcement does not address any potential challenges or competition the company may face in these new markets, which could impact its growth strategy.
- The press release may raise concerns about the overall market saturation for co-branded concepts, especially in Texas where competition in the food service industry is fierce.
- The release focuses heavily on the growth of Texas locations but lacks information on performance or growth statistics in other key markets, potentially indicating underperformance or viability issues elsewhere.
FAQ
What new locations are opening for Great American Cookies and Marble Slab Creamery in Texas?
The new locations opening in Texas include Missouri City, New Caney, Lewisville, Sugarland, and North Richland Hills in 2024.
How many co-branded locations are there currently?
There are currently over 160 locations of the co-branded Great American Cookies and Marble Slab Creamery since 2014.
What makes the co-branded model popular?
The co-branded model sees a 10-20 percent increase in incremental sales, which boosts profits for franchisees.
When was Great American Cookies founded?
Great American Cookies was founded in 1977, starting with a family chocolate chip cookie recipe.
What is Marble Slab Creamery known for?
Marble Slab Creamery is known for its frozen slab technique and homemade, small-batch ice cream with unlimited mix-ins.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FAT Insider Trading Activity
$FAT insiders have traded $FAT stock on the open market 9 times in the past 6 months. Of those trades, 9 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $FAT stock by insiders over the last 6 months:
- ANDREW WIEDERHORN purchased 1,000 shares.
- CUTTER HOLDINGS, LLC FOG has traded it 5 times. They made 5 purchases, buying 4,020 shares and 0 sales.
- MARK ELENOWITZ has traded it 3 times. They made 3 purchases, buying 9,200 shares and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FAT Hedge Fund Activity
We have seen 4 institutional investors add shares of $FAT stock to their portfolio, and 16 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TD WATERHOUSE CANADA INC. removed 24,000 shares (-100.0%) from their portfolio in Q3 2024
- SMH CAPITAL ADVISORS INC removed 11,159 shares (-100.0%) from their portfolio in Q2 2024
- SIMPLICITY WEALTH,LLC removed 10,928 shares (-100.0%) from their portfolio in Q2 2024
- BLEAKLEY FINANCIAL GROUP, LLC removed 10,928 shares (-100.0%) from their portfolio in Q2 2024
- ROYAL BANK OF CANADA removed 10,212 shares (-100.0%) from their portfolio in Q3 2024
- FNY INVESTMENT ADVISERS, LLC removed 3,800 shares (-100.0%) from their portfolio in Q2 2024
- COPELAND CAPITAL MANAGEMENT, LLC removed 3,458 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Beloved Co-Branded Cookie and Ice Cream Concept Continues to Expand Presence in State
LOS ANGELES, Dec. 18, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. , parent company of Great American Cookies , Marble Slab Creamery and 16 other restaurant concepts, announces the opening of five new Great American Cookies and Marble Slab Creamery locations in Texas. Since 2014, the co-branded pairing has steadily grown to over 160 locations. The new locations to open in Texas in 2024 include Missouri City, New Caney, Lewisville, Sugarland and North Richland Hills.
“Texas continues to be a key area of growth for Great American Cookies and Marble Slab Creamery, in particular, the Dallas and Houston areas,” said Allison Lauenstein, President of Great American Cookies and Marble Slab Creamery . “Our co-branded experience is integrated the moment you step in the door, to when you take your first bite. This cohesiveness has led to the model being highly popular—we see a 10-20 percent increase in incremental sales in co-branded locations—which is great for the bottom line for our franchisees.”
Since 1977, Great American Cookies has baked up a reputation for not only being the creator of the Original Cookie Cake , but also for its famous chocolate chip cookie recipe. Other craveable menu items include brownies and Double Doozies ™ , made with delectable icing sandwiched between two cookies.
For over 40 years, Marble Slab Creamery has been an innovator in the ice cream space, dreaming up the frozen slab technique and offering homemade, small-batch Ice Cream with free unlimited Mix-ins, Shakes in a variety of flavors, and Ice Cream Cakes.
For more information on Great American Cookies, visit www.greatamericancookies.com . For more information on Marble Slab Creamery, visit www.marbleslab.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 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Smokey Bones, 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. For more information on FAT Brands, please visit fatbrands.com .
About Great American Cookies
Founded on a family chocolate chip cookie recipe in 1977, Great American Cookies believes that pure, simple delight is part of living a full life. Serving the Original Cookie Cake, fresh baked cookies in a variety of flavors, brownies, and Double Doozies ™ , we promise to treat you to bites of bliss that prove how sweet life can be. With more than 400 bakeries across the country and internationally in Bahrain, Guam, Saudi Arabia, and treats available to ship right to your door, the sweet spot is always close to home. For more information, visit www.greatamericancookies.com .
About Marble Slab Creamery
Since dreaming up the frozen slab technique and serving fresh homemade, small-batch Ice Cream in-store since 1983, Marble Slab Creamery has always known how to dream big. We sprinkle our customers with imagination and promise to inspire with infinite ice cream possibilities to feed your curiosity and capture cravings. With our free unlimited Mix-in philosophy, delicious Ice Cream and Shakes in a variety of flavors, hand-rolled waffle cones, and Ice Cream Cakes, imagination has no limits. Today, Marble Slab Creamery is enjoyed by consumers across the globe with locations in Bahrain, Canada, Kuwait, Saudi Arabia, Puerto Rico, and the United States. For more information, visit www.marbleslab.com .
MEDIA C
ONTACT
:
Erin Mandzik, FAT Brands
[email protected]
860-212-6509
