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Stock impact report

FAT Brands Announces Opening of First Twin Peaks Conversion from a Smokey Bones

FAT Brands Inc. (FAT) 
US:NASDAQ Investor Relations: ir.fatbrands.com
Company Research Source: GlobeNewswire
Fast-Growing Sports Lodge Fuels Additional Growth Through Sister Brand Conversion Strategy LOS ANGELES, Sept. 17, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., (NASDAQ: FAT), a leading global franchising company and parent company of 18 iconic brands including Twin Peaks, is pleased to announce the opening of the first converted Smokey Bones location to Twin Peaks in Lakeland, Florida. Since acquiring Smokey Bones last year, FAT Brands has identified a select number of Smokey Bones locations to convert to its fastest-growing brand, Twin Peaks. The global restaurant franchising company has identified this strategy as a key growth pillar for the brand and currently has a pipeline of approximately 30 Smokey Bones locations they are looking to convert over the next several years. “Converting Smokey Bones locations to Twin Peaks provides a significant return on investment as altering a standing restaurant with similar square footage and real estate draw like Smo Show less Read more
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