FAT Brands announces five new Fatburger and Buffalo’s Express locations in Mexico City, reflecting successful growth strategy since 2021.
Quiver AI Summary
FAT Brands Inc. is expanding its presence in Mexico with the recent opening of five new Fatburger and Buffalo’s Express locations, all in Mexico City. This growth follows the company's 2021 strategy aimed at developing its brand in the region. The partnership with franchisee Red Rombo Group has been instrumental in this rapid expansion, particularly as American cuisine remains popular in Mexico. Fatburger, known for its customizable burgers and a variety of sides like fries and shakes, maintains a legacy of quality since its founding 70 years ago. Buffalo’s Express complements this with its menu of chicken wings and various sauces. FAT Brands operates a total of 18 restaurant brands globally, owning over 2,300 units.
Potential Positives
- FAT Brands is successfully expanding its presence in Mexico with five new Fatburger and Buffalo’s Express locations, indicating strong market potential and acceptance of American cuisine in the area.
- The partnership with the franchisee Red Rombo Group has been highlighted as a key factor in the rapid growth, showcasing effective collaboration in the business strategy.
- Fatburger's ongoing popularity and legacy, as well as the appeal of Buffalo’s Express, contribute to increased brand recognition and customer loyalty in international markets.
Potential Negatives
- The growth strategy in Mexico may suggest that the company is seeking to expand in markets outside of the U.S., indicating potential stagnation or challenges in domestic markets.
- The reliance on a strategic partnership with the Red Rombo Group raises concerns about the company's operational dependence on external franchisees for growth and success in new regions.
- The caution regarding forward-looking statements highlights inherent risks and uncertainties in the business expansion strategy, which could lead to future disappointments if expectations are not met.
FAQ
What recent openings have FAT Brands announced in Mexico?
FAT Brands recently announced the opening of five new Fatburger and Buffalo’s Express locations in Mexico City.
What is the significance of FAT Brands' growth in Mexico?
The growth reflects the popularity of all-American cuisine in Mexico and the effective partnership with the Red Rombo Group franchisee.
What menu items are featured at Fatburger?
Fatburger offers custom burgers, Fat and Skinny Fries, sweet potato fries, onion rings, turkey burgers, and hand-scooped milkshakes.
What does Buffalo’s Express specialize in?
Buffalo’s Express specializes in bone-in and boneless chicken wings with a variety of sauces, served with celery and dressings.
How many restaurant brands does FAT Brands own?
FAT Brands currently owns 18 restaurant brands, including Fatburger, Buffalo’s Cafe & Express, Twin Peaks, and Marble Slab Creamery.
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 10 times in the past 6 months. Of those trades, 10 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 has traded it 2 times. They made 2 purchases, buying 1,646 shares and 0 sales.
- 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
Iconic Burger and Wing Concept Find Success South of the Border
LOS ANGELES, Nov. 26, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. , parent company of Fatburger , Buffalo’s Express and 16 other restaurant concepts, announces a series of new Fatburger and Buffalo’s Express openings in Mexico. Since announcing its aggressive growth strategy for the country in 2021, the beloved co-branded burger and wing concept now operates five Mexico locations.
Fatburger & Buffalo’s Express have experienced significant growth in Mexico City specifically, opening all five new restaurants in the country’s largest urban area. Recently opened locations in Mexico City include Reforma Capital, Polanco, Mundo E Mall and Tepeyac.
“The strategic partnership we have forged with franchisee Red Rombo Group and their acumen of the area has been a key component in our rapid build-out of Fatburger and Buffalo’s Express in Mexico,” said Taylor Wiederhorn, Chief Development Officer of FAT Brands . “Similarly, all-American fare continues to be popular in Mexico, which has led to FAT Brands’ robust growth - sister brand Twin Peaks also currently boasts seven locations in the country.”
Ever since the first Fatburger opened in Los Angeles 70 years ago, the chain has been known for its delicious, grilled-to-perfection and cooked-to-order burgers. Founder Lovie Yancey believed that a big burger with everything on it is a meal in itself; at Fatburger “everything” is not just the usual roster of toppings. Burgers can be customized with everything from bacon and eggs to chili and onion rings. In addition to its famous burgers, the Fatburger menu also includes Fat and Skinny Fries, sweet potato fries, scratch-made onion rings, turkey burgers, hand-breaded crispy chicken sandwiches, and hand-scooped milkshakes made from 100 percent real ice cream.
A perfect complement to Fatburger, Buffalo’s Express’ menu features delicious bone-in and boneless chicken wings accompanied by a range of sauces. All of Buffalo’s Express wings are served with celery, carrots and blue cheese, ranch or honey mustard dressing.
For more information or to find a Fatburger or a Fatburger and Buffalo’s Express near you, visit www.fatburger.com .
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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 and polished casual dining restaurant 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 www.fatbrands.com .
About Fatburger
An all-American, Hollywood favorite, Fatburger is a fast-casual restaurant serving big, juicy, tasty burgers, crafted specifically to each customer’s liking. With a legacy spanning 70 years, Fatburger’s extraordinary quality and taste inspire fierce loyalty amongst its fan base, which includes a number of A-list celebrities and athletes. Featuring a contemporary design and ambiance, Fatburger offers an unparalleled dining experience, demonstrating the same dedication to serving gourmet, homemade, custom-built burgers as it has since 1952 – The Last Great Hamburger Stand ™ .
About Buffalo’s Express
Founded in 1985 in Roswell, Georgia, Buffalo’s Express is a fast-casual chain known for its world-famous chicken wings and proprietary wing sauces. Co-branded with over 100 Fatburger restaurants to date, Buffalo’s Express’ significant growth can be attributed to its high-quality menu offerings and unparalleled dining experience. Featuring a contemporary design and ambience, whether guests are dining-in or having take-out/delivery, Buffalo’s Express offers friends and families the flexibility to enjoy their world-famous chicken wings however they prefer. Buffalo’s Express – Where Everyone is Family ™ .
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 and area development agreements. Forward-looking statements reflect expectations of FAT Brands Inc. (“we” or “our”) concerning the future and are subject to significant business, economic and competitive risks, uncertainties and contingencies. 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 C
ONTACT
:
Erin Mandzik, FAT Brands
[email protected]
860-212-6509
