FAT - FAT Brands stock rallies with growth still on the menu

FAT Brands ( NASDAQ: FAT ) announced that it has opened a record-breaking 100 new franchised locations so far this year. That marked the first time the company has added more than 100 locations in a single year.

Looking ahead, the global franchising company also said it is poised for further growth, with approximately 25 additional stores slated to open by year end.

Following a year of strategic acquisitions in 2021, the company has committed to expanding organically. Notable openings included new locations in Mexico of the company’s co-branded burger and wing concept, Fatburger and Buffalo’s Express, and Twin Peaks.

"With a development pipeline of over 1,000 units, we have been laser-focused on successfully launching new locations across multiple brands," said FAT Brands ( FAT ) CEO Andy Wiederhorn.

Shares of FAT Brands ( FAT ) rose 7.46% in early trading on Wednesday.

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