Savvy Trades and Investments

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I've been nibbling on FCCG($1.40) the past few days...


I like the PRs coming out of their 80%-owned unit FAT Brands (FAT). Hopefully investors come to understand that what's good for FAT is very good for FCCG...


FAT Brands to Acquire Hurricane Grill and Wings

Pro Forma for Integration Synergies, Annualized Adjusted Cash EPS to Exceed $1.10

Targeting Annualized Cash Dividend of $0.48 per common share in 2018


LOS ANGELES--(BUSINESS WIRE)--November 15, 2017--
FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ:FAT) ("FAT Brands" or the "Company") today announced that it has signed a definitive agreement to acquire Hurricane Grill & Wings ("Hurricanes") for $12.5 million. The acquisition will be funded with cash on hand and third party financing, and is expected to close in 2017, subject to customary closing conditions including the receipt of financing.

Pro forma for the acquisition and expected synergies from the combined companies, the Company expects its annualized revenue to exceed $17 million and annualized adjusted cash earnings to exceed $11 million, or $1.10 per common share based on 10 million shares outstanding. The combined company's franchisees will operate approximately 350 restaurants around the globe, with system-wide sales exceeding $360 million.

Established in 1995, Hurricane Grill & Wings offers jumbo fresh wings paired with over 35 signature sauces and rubs, with a diverse menu featuring fresh food options like fries, tacos and burgers. Hurricanes operates more than 60 locations across the U.S. The Company plans to leverage Hurricanes' signature tropical, laid-back American atmosphere to complement its existing portfolio brand, Buffalo's Cafe. With a combined presence of more than 75 restaurants dedicated to serving high-quality chicken wings in the southeastern United States, this acquisition will represent a significant opportunity for both synergies and expansion by FAT Brands.

"Hurricane Grill & Wings possesses an ambiance that appeals to a broad consumer-base, and we are thrilled to have identified this concept which shares our passion for providing guests with an all-American experience through high-quality, made-to-order meals," said Andy Wiederhorn, President and CEO of FAT Brands. "We see Hurricanes as a wonderful complement to our Buffalo's Cafe and Buffalo's Express brands, and look forward to expanding the brand's footprint in both new and existing markets through our extensive franchisee network. Their new fast casual brand Hurricane BTW (burgers, tacos and wings) has a significant franchise development pipeline and will nicely diversify the company into more fast casual venues."

Wiederhorn added, "Based on our expected free cash flow in 2018, we expect to pay an annualized dividend of $0.48 per common share starting in 2018, subject to the declaration and approval by the board of directors, which represents an implied yield of approximately 5% based on the current share price."

Hurricane Grill & Wings President & CEO John Metz stated, "Joining the FAT Brands Inc. family will make Hurricane Grill & Wings and Hurricane BTW significantly more competitive in today's landscape. We believe that this transaction will enable us to leverage FAT Brands' proven expertise and realize our global growth potential."

For more information, please visit www.fatbrands.com.

Fresh. Authentic. Tasty. Brands

FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns five restaurant brands, Fatburger, Buffalo's Cafe, Buffalo's Express and Ponderosa & Bonanza Steakhouses, that have approximately 300 locations open and 300 under development in 32 countries.

About Hurricane Grill and Wings

With over 60 restaurants open or under construction in eight states, Florida-based Hurricane Grill & Wings(R) is known for its jumbo fresh wings, more than 35 signature sauces and rubs and tropical, laid-back vibe. Named by USA Today as one of "10 Great Places to Wing It;" selected as one of the "Future 50" by Restaurant Business as well as one of Franchise Times "Top 40 Fast and Serious," Hurricane Grill & Wings' menu includes crave-able Hurricane's Garlic & Parm fries, tasty salads, seafood entrees and fresh 1/2 pound burgers. The brand's signature Rum Bar with over 21 premium rums leads its tropical drinks menu, along with a wide selection of craft beers and wines. The original Hurricane Grill & Wings opened in Fort Pierce, Fla., in 1995 and has expanded to locations in Alabama, Arizona, Colorado, Florida, Georgia, Kansas, New York, and Texas. For more information, visit www.hurricanewings.com.

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 anticipated benefits of the proposed acquisition of Hurricanes, the future financial and operating results of the combined companies, and our ability to pay a cash dividend to our common stockholders. Forward-looking statements generally use words such as "expect," "foresee," "anticipate," "believe, " "project," "should," "estimate," "will," "plans," "forecast," and similar expressions, and reflect our expectations concerning the future. It is possible that our future performance may differ materially from current expectations expressed in these forward-looking statements. We refer you to the documents we file from time to time with the Securities and Exchange Commission, such as our recent Offering Statement on Form 1-A and our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other risks and uncertainties that could cause our actual results to differ materially from our current expectations and from the forward-looking statements contained in this press release. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.

Non-GAAP Measures

This press release includes the non-GAAP financial measure of adjusted cash earnings and earnings per share.

Adjusted cash EPS is defined as net income per share with the following adjustments: 1) income taxes are added back to reflect the usage of NOLs at the parent company level which are not paid in cash, but rather credited against an intercompany receivable between FAT Brands and its parent company; 2) the inclusion of franchise fee deposits that are paid in cash, less franchise fees recognized for which cash was received in prior periods.

We have not reconciled guidance for adjusted cash EPS to the corresponding GAAP financial measures because we do not provide guidance for the various reconciling items. We are unable to provide guidance for these reconciling items because we cannot determine their probable significance, as certain items are outside of our control and cannot be reasonably predicted due to the fact that these items could vary significantly from period to period. Accordingly, a reconciliation to the corresponding GAAP financial measure is not available without unreasonable effort.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171115006035/en/

CONTACT: Investor Relations:

ICR

Alexis Tessier, 203-682-8286

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or

Media Relations:

Konnect Agency

Shelby Robinson/Emily Johnston, 213-988-8344

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[e-mail]

******************

FAT Brands Announces Master Franchise Deal for Fatburger and Buffalo's Express in Utah and Colorado

Iconic Burger Brand Enters New Territory in the Mountain West Through Franchise Partner Fatty McGees LLC


LOS ANGELES--(BUSINESS WIRE)--November 20, 2017--
NASDAQ: FAT. FAT (Fresh. Authentic. Tasty.) Brands Inc. ("FAT Brands" or the "Company"), parent company of Fatburger, The Last Great Hamburger Stand(TM), and Buffalo's Express, is pleased to announce a new master franchise deal for the state of Utah and Mesa County, Colorado. Through the agreement, veteran multi-unit franchisee Fatty McGees LLC will develop multiple co-branded Fatburger and Buffalo's Express locations in these areas in the coming years.

Fatburger, the beloved Hollywood burger chain, maintains and upholds the unique culture and menu offerings crafted by founder Lovie Yancey when she launched the brand 70 years ago in Southern California. With an array of tasty add-ons and condiments to select from, each burger is grilled-to-order and topped with the freshest ingredients. Appealing to appetites of all sizes, Fatburger offers burgers ranging in size from Single to XXXL that can be paired with hand-scooped milkshakes and a selection of traditional American sides. To complement Fatburger's menu, Buffalo's Express offers juicy, made-to-order, boneless and bone-in chicken wings and salads.

"Blair Jackson, Ryan Poelman and the team at Fatty McGee's are experienced multi-unit restaurant operators. We are thrilled to partner with a franchisee who is well established in these markets for our initial foray into Utah and the Grand Junction area," said Andy Wiederhorn, President and CEO of FAT Brands. "The food scene in these communities is thriving, and we look forward to adding Fatburger and Buffalo's Express to the mix of restaurants these vibrant towns enjoy."

Committed to international and domestic expansion, Fatburger and Buffalo's Express continue to bring their all-American dining experiences to new territories throughout the United States and the world. To date, the burger and chicken brands have over 200 locations open and under development in 32 different countries, with recent openings in Panama, China and the U.S. Further, the brands have development agreements in place to open 350+ additional restaurants around the world in the coming years.

For more information or to find a Fatburger and Buffalo's Express co-branded location near you, please visit www.fatburger.com.

Fresh. Authentic. Tasty. Brands

FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns six restaurant brands, Fatburger, Buffalo's Cafe, Buffalo's Express, Hurricane Grill & Wings, and Ponderosa and Bonanza Steakhouses, that have approximately 350 locations open and 300 under development in 32 countries.

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 70-year legacy, 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 ambience, 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(TM).

About Buffalo's Express

Founded in 2012 in Los Angeles, CA, Buffalo's Express is a fast casual chain known for its world famous chicken wings, proprietary wing sauces, fries, sides, wraps, salads and desserts. Co-branded with 72 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(TM).

Safe Harbor Statement

This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in Company's SEC filings, including our Offering Circular filed on October 23, 2017. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171120005185/en/

CONTACT: for FAT Brands Inc.

MEDIA CONTACT:

Shelby Robinson / Emily Johnston

[e-mail]

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www.konnectagency.com

or

INVESTOR CONTACT:

Alexis Tessier

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