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 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.