Welcome to our dedicated page for Twin Hospitality news (Ticker: TWNP), a resource for investors and traders seeking the latest updates and insights on Twin Hospitality stock.
Twin Hospitality Group Inc. (NASDAQ: TWNP) is the parent company of the Twin Peaks and Smokey Bones restaurant brands, and its news flow reflects developments across this specialty casual dining platform. As a restaurant operator and franchisor in the consumer cyclical sector, Twin Hospitality regularly issues updates on brand expansion, financial performance, capital structure and leadership changes.
News about Twin Peaks often covers new lodge openings, area development agreements and market entries. Recent announcements describe expansion into states such as Connecticut through multi-unit franchise agreements, as well as new locations in key regional markets backed by experienced hospitality operators. Company releases also highlight Twin Peaks’ positioning as a sports lodge concept featuring made-from-scratch food, 29-degree draft beer and sports on wall-to-wall televisions.
Updates related to Smokey Bones and the broader Twin Hospitality portfolio include information on restaurant conversions, closures of underperforming units and initiatives aimed at improving restaurant-level profitability. Quarterly earnings press releases and associated conference calls provide detail on restaurant sales, franchise revenue, restaurant contribution margins, EBITDA and adjusted EBITDA, along with commentary on same-store sales and system-wide sales trends.
Investors following TWNP news will also see disclosures on financing and governance, such as the company’s committed equity facility with White Lion Capital LLC, securitization note developments, Nasdaq listing notices and proxy-related information. Leadership announcements, including appointments of executives in roles such as Chief Executive Officer, Chief Marketing Officer and Chief People Officer, further illustrate how the company is shaping its management team to support its experiential dining brands.
This news page aggregates these company-issued updates and related coverage so readers can track how Twin Hospitality’s strategic decisions, brand development and financial reporting evolve over time. For those monitoring TWNP, it provides a single view of the announcements that help explain the company’s direction and operational priorities.
Twin Hospitality Group (NASDAQ: TWNP) has appointed Ken Brendemihl as President of Smokey Bones, bringing over 25 years of restaurant leadership experience to the role. The company announced strategic updates for the BBQ chain, including the conversion of 19 restaurants into Twin Peaks lodges, with two completed conversions showing significantly higher average unit volumes of $7.8 million compared to $3.5 million as Smokey Bones.
The company is closing 15 underperforming locations and eliminating $1.5 million in corporate overhead. The remaining 26 Smokey Bones locations are generating positive cash flow, contributing approximately $3.0 million to total EBITDA on a trailing 12-month basis. Twin Hospitality plans to leverage FAT Brands' franchise model to create a more balanced corporate-to-franchise mix for future growth.
Twin Hospitality Group (NASDAQ: TWNP) has appointed Andrew Wiederhorn as Chairman of the Board of Directors, effective immediately. The company, which owns Twin Peaks and Smokey Bones restaurant brands, was recently spun off from FAT Brands Inc. (NASDAQ: FAT).
Wiederhorn, who has served as FAT Brands' Chairman since 2023 and played a key role in the spin-off transaction, will now lead Twin Hospitality's board. The company focuses on developing and operating specialty casual dining restaurant concepts with the aim of redefining the casual dining category through experiential driven brands.
Twin Hospitality Group (Nasdaq: TWNP) announces the opening of a new Twin Peaks lodge in Fayetteville, North Carolina, marking its 115th location brandwide. The 8,200-square-foot sports lodge, located at 1891 Skibo Road, represents the company's third Smokey Bones conversion, a strategic approach enabling faster market entry with lower build-out costs.
The new location, operated by franchise group Music City, LLC, will feature 70 TVs, 32 beers on tap, and is creating over 100 new jobs. Set to open in Q4 2025, this marks Twin Peaks' second North Carolina location, reinforcing the company's expansion strategy that combines operational efficiency with its hospitality-driven model.
Twin Peaks Restaurant (NASDAQ:TWNP) has launched its first nationwide online fantasy football draft party reservation system. Through September 4, 2025, league commissioners can book tables and receive exclusive perks including draft kits, food and drink specials, and kickback cards.
The promotion offers a $50 kickback card for commissioners and $5 kickback cards for guests, valid for food purchases from September 5 to December 31, 2025. Additionally, guests will have the opportunity to win $1,000 in cash throughout the football season.
Twin Hospitality Group (NASDAQ: TWNP) reported challenging fiscal Q2 2025 results, with total revenue declining 4.1% to $87.8 million compared to $91.6 million in the prior year. The company posted a net loss of $20.8 million, significantly wider than the $10.7 million loss in Q2 2024.
New CEO Kim Boerema outlined six strategic priorities focusing on operational fundamentals, cost reduction, and menu optimization. While Twin Peaks system-wide sales showed a modest 0.3% increase, same-store sales declined 4.4%. Restaurant contribution margin was 11.8%, with Twin Peaks at 17.7% and Smokey Bones at 4.9%.
The company's development pipeline includes a new franchised location in Fayetteville, North Carolina, and two company-owned conversions planned for early 2026. With nearly 100 signed franchise agreements, TWNP maintains confidence in its expansion strategy through new builds and conversions.
Twin Hospitality Group (NASDAQ: TWNP), operator of Twin Peaks and Smokey Bones restaurant brands, will release its Q2 2025 financial results on July 30, 2025. The company will host an earnings conference call at 5:15 PM ET, led by CEO Kim Boerema and CFO Ken Kuick.
Twin Hospitality operates 165 restaurants across two brands: Twin Peaks, an ultimate sports lodge concept with 114 locations across 27 states and Mexico, and Smokey Bones, a meat-centric restaurant brand with 51 locations in 16 states. The earnings call will be accessible via phone and webcast, with replay available until August 13, 2025.
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 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.
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