Twin Hospitality Stock Price, News & Analysis

Twin Hospitality Group Inc. (NASDAQ: TWNP) has appointed Kim Boerema as its new Chief Executive Officer, effective immediately. Boerema brings over 30 years of industry experience in scaling restaurant operations. He most recently served as President and COO of Parry's Pizzeria & Taphouse, where he expanded the concept from 10 to approximately 30 units in 2.5 years.

Boerema's previous roles include CEO of Iron Hill Brewery and Restaurant, COO of California Pizza Kitchen, and Regional VP at Texas Roadhouse, where he managed 125 units across 22 states. Twin Peaks, founded in 2005, currently operates 116 locations across the U.S. and Mexico, with a pipeline of 100 new lodges planned. The company positions itself as an ultimate sports lodge featuring made-from-scratch food and experiential dining.

Twin Hospitality Group (NASDAQ: TWNP) reported mixed Q1 2025 financial results. Total revenue decreased 5.4% to $87.1 million compared to Q1 2024, while system-wide sales declined 3.5%. The company reported a net loss of $12.1 million, wider than the $9.2 million loss in the prior year. Despite headwinds, Twin Peaks' system-wide sales grew 5% to $146.3 million, with alcohol comprising nearly 50% of restaurant revenue. The company opened two new locations, including a Smokey Bones conversion in Brandon, Florida, and a franchised location in Algonquin, Illinois, bringing the total to 116 locations. Due to construction delays, Twin Peaks revised its new unit opening plan to 3-4 units for the year. The company maintains a robust development pipeline with 100 franchise agreements, including a new five-unit deal for South Dakota and Montana expansion.

Twin Hospitality Group Inc. (NASDAQ: TWNP) has scheduled its first quarter 2025 financial results conference call for May 8, 2025, at 6:00 PM ET. The call will be hosted by Ken Kuick, who serves as both Interim CEO and CFO. Investors can access the call by dialing 1-877-407-0792 (U.S.) or 1-201-689-8263 (international).

Twin Hospitality operates two specialty casual dining brands: Twin Peaks, an ultimate sports lodge concept with 116 locations across 27 states and Mexico, and Smokey Bones, a meat-centric restaurant focusing on ribs and smoked meats. The company aims to redefine the casual dining category through its experiential-driven approach.

Twin Hospitality Group (Nasdaq: TWNP) announced a significant leadership transition as CEO Joe Hummel and Chief Legal Officer Clay Mingus will depart effective April 10, 2025, to pursue other opportunities. Ken Kuick, the current CFO, has been appointed Interim CEO, while Allen Sussman from FAT Brands Inc. will serve as Interim Chief Legal Officer.

Both departing executives played important roles in the company's growth over the past 14 years, including its successful IPO. Despite the leadership changes, Twin Peaks maintains its expansion plans, having opened two new lodges in 2025 with plans to add approximately seven to nine additional units this year. The company currently boasts a development pipeline of over 100 units.

Twin Hospitality Group Inc. (Nasdaq: TWNP) has opened its newest Twin Peaks Restaurant location in Algonquin, Illinois on March 17, 2025. This marks the company's fourth location in Illinois and 116th lodge across the U.S. and Mexico.

The new 11,400-square-foot lodge, located at 1520 South Randall Road in the Algonquin Commons, features:

• 65 massive TVs
• Two full bars with 32 beers on draft
• Three indoor fireplaces
• Outdoor firepit and patios

The location has hired approximately 150 local team members and will operate Sunday through Thursday (11am-midnight) and Friday-Saturday (11am-1am), with Happy Hour running Monday-Friday (2-6pm and 10pm-midnight). A ribbon-cutting ceremony with the Algonquin Chamber of Commerce is scheduled for March 24, 2025, at 10:30am.

Twin Hospitality Group (NASDAQ: TWNP) reported its Q4 and full fiscal year 2024 results. The company opened nine new Twin Peaks lodges in 2024 and completed two Smokey Bones conversions. For Q4 2024, total revenue decreased 8.2% to $86.5 million, with a net loss of $12.0 million. System-wide sales declined 4.0%, and same-store sales dropped 0.6%.

For full fiscal year 2024, total revenue increased 53.2% to $353.8 million, with system-wide sales growth of 25.3%. However, the company reported a net loss of $48.2 million compared to $13.8 million in 2023. Twin Peaks signed four area development agreements committing to 24 new lodges, expanding their development pipeline to over 100 lodges. The company targets 9-11 new openings in 2025 as part of their long-term goal of 650 domestic and 250 international locations.

Twin Hospitality Group Inc. (NASDAQ: TWNP) has scheduled its fourth quarter and full year 2024 financial results announcement for February 27, 2025. The company will release its financial results press release before hosting a conference call at 5:15 PM ET on the same day.

Investors can access the call by dialing 1-877-407-0792 (U.S.) or 1-201-689-8263 (international). A replay will be available until March 13, 2025, by dialing 1-844-512-2921 (U.S.) or 1-412-317-6671 (international) with passcode 13751621. The call will be led by CEO Joe Hummel and CFO Ken Kuick.

The conference call will also be webcast live on the company's website with a replay available afterward. Twin Hospitality operates two specialty casual dining concepts: Twin Peaks, an ultimate sports lodge with approximately 115 locations across 27 states and Mexico, and Smokey Bones, a meat-centric restaurant specializing in ribs and slow-smoked meats.

Twin Hospitality Group (Nasdaq: TWNP) has expanded its presence in Florida with a new Twin Peaks Restaurant location in Brandon, opening on February 17, 2025. The new sports lodge, located at 136 Brandon Town Center Drive, features two indoor bars, an uncovered patio, 24 beers on tap, and 70 TVs for sports viewing.

The location will host a grand opening celebration with a ribbon-cutting ceremony on February 24, 2025, at 10:30 a.m., attended by local officials and community leaders. The venue offers premium cocktails including Carajillo, Spicy Strawberry Margarita, Bourbon Espresso Martini, and Mai Tai, along with their signature 29-degree draft beer and scratch-made food menu.