---
title: "Fast Casual: Despite Losses, FAT Brands CEO Says Holding Company ‘Poised for Growth’"
url: https://burnaze.com/article/447dc325-eb49-4bea-8e0b-6bebcf9b6039
source: "1851 Franchise"
original_url: https://1851franchise.com/fast-casual-despite-losses-fat-brands-ceo-says-holding-company-poised-for-growth-2706064
category: "Restaurants"
industry: "Restaurants"
topics: ["Finance & M&A","People"]
published: 2018-03-28T16:11:26.000Z
modified: 2026-11-01T04:09:52.363Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/1a5160c2c2786aaa51097e28119eb00e3943.jpg
---

# Fast Casual: Despite Losses, FAT Brands CEO Says Holding Company ‘Poised for Growth’

**TL;DR:** FAT Brands CEO Andy Wiederhorn says the company is poised for growth in 2018 despite reporting a net loss of $613,000 in 2017. The company formed in March 2017 and achieved its goals of acquiring key brands and completing an IPO by the end of the year.

*originally published in 1851 Franchise on 2018-03-28. [Read the original](https://1851franchise.com/fast-casual-despite-losses-fat-brands-ceo-says-holding-company-poised-for-growth-2706064).*

## Story

Fast Casual reports that FAT Brands Inc. is touting positive growth projections for 2018. The parent company of Fatburger and Buffalo’s Express reported a net loss of $613,000, translating to $0.07 per share in 2017, but Andy Wiederhorn, the brand’s president and CEO, said on Tuesday that last year was a successful one for the holding company.

FAT Brands was formed in March of 2017 as a subsidiary of Fog Cutter Capital Group Inc. with the purpose of acquiring key brands, including previous subsidiaries of FCCG, and completing an IPO, all of which FAT Brands achieved by the end of 2017.

In a press release for FAT Brands, Wiederhorn said “Not only did we form the company, but we successfully completed an IPO, acquired the Ponderosa and Bonanza Steakhouse brands, and signed a definitive agreement to purchase Hurricane Grill & Wings Hurricane. Our company's foundation is strong, our platform is highly scalable and FAT Brands is poised for growth.”

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- Fat Brands (company)
- Fatburger (company)
- brand acquisition (topic)
- Andy Wiederhorn (person)
- Buffalo's Express (company)
- ipo (topic)
- Hurricane Grill & Wings (company)
- Ponderosa (company)
- Bonanza Steakhouses (company)
- Fat Brands acquisition of Hurricane Grill & Wings (deal)

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Originally reported by 1851 Franchise (https://1851franchise.com/fast-casual-despite-losses-fat-brands-ceo-says-holding-company-poised-for-growth-2706064). Summarized by Burnaze (https://burnaze.com/article/447dc325-eb49-4bea-8e0b-6bebcf9b6039).