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Twin Hospitality Group Inc. (NASDAQ: TWNP) is a restaurant company specializing in developing, operating, and franchising casual dining restaurant concepts. The company focuses on experiential-driven brands that redefine the casual dining category, offering made-from-scratch food, innovative beverages, and entertainment. Its operations include both company-owned and franchised restaurants across multiple states and international locations.
- Restaurant Sales - Operates company-owned restaurants that provide specialty casual dining experiences, including made-from-scratch food, innovative cocktails, and entertainment-focused environments.
- Franchise Revenue - Generates income from franchised restaurants, leveraging its established brands to expand its footprint domestically and internationally.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Allen Sussman Executive | Interim Chief Legal Officer | Allen Sussman is currently the Interim Chief Legal Officer at Twin Hospitality Group Inc. since April 10, 2025. Previously, he was appointed as one of the attorneys-in-fact for Section 16 reporting obligations effective January 27, 2025. | ||
Hal Lawlor Executive | President, Smokey Bones | Hal Lawlor is President of Smokey Bones at TWNP since March 2024, having previously served as President (June 2023–March 2024) and COO (June 2019–June 2023) of Barbeque Integrated, Inc. | ||
Kenneth J. Kuick Executive | Chief Financial Officer (CFO) | Co-Chief Executive Officer at FAT Brands Inc.; Chief Financial Officer at FAT Brands Inc. | Kenneth J. Kuick has served as the CFO of TWNP since April 2024. He was also appointed Interim CEO effective April 10, 2025 and holds executive roles at FAT Brands Inc. as Co-Chief Executive Officer and CFO. | |
Michael Locey Executive | Chief Development Officer | Michael Locey is the Chief Development Officer at TWNP since July 2017. He brings over 45 years of experience in the restaurant and real estate development industries from previous roles at La Cima Restaurants, LLC, Hooters of America, and Damon’s International. | ||
Roger Gondek Executive | Chief Operating Officer | Roger Gondek has served as the COO of Twin Hospitality Group Inc. (TWNP) since July 2017. He has over 40 years of experience in the restaurant industry, having previously held high-level operations roles at La Cima Restaurants, LLC, Hooters of America, and Hazzard Burdick Group. | ||
David Jobe Board | Independent Director | Co-founder and CEO of Prosper Company | David Jobe is an experienced board member with extensive expertise in the foodservice and hospitality industries; he was appointed as an Independent Director at TWNP in December 2024. | |
James G. Ellis Board | Director | Director at FAT Brands; Director at J.G. Boswell Company; Director at Mercury General Corporation | James G. Ellis currently serves as a Director on TWNP's Board of Directors since December 2024. He has extensive experience in business and marketing, having served as Dean of the Marshall School of Business at USC from April 2007 to June 2019 and holding board positions at FAT Brands, J.G. Boswell Company, and Mercury General Corporation. | |
Kenneth J. Anderson Board | Independent Director | CEO of Cedar Tree Capital | Kenneth J. Anderson has served as an Independent Director at TWNP since December 2024, chairing the compensation and audit committees. He brings over 35 years of financial expertise and currently serves as CEO of Cedar Tree Capital. | |
Lynne L. Collier Board | Independent Director | Director and Chair of the Audit Committee at FAT Brands; Head of Consumer Discretionary at Water Tower Research, LLC | Lynne L. Collier has been serving as an Independent Director at TWNP since December 2024. With nearly 30 years of experience in capital markets, investor relations, and the restaurant industry, she brings significant expertise to the board. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Barbeque Integrated, Inc. | 2024 | FAT Brands acquired Barbeque Integrated, Inc. (owner of Smokey Bones Bar & Fire Grill) via a multi-phase process, starting on September 25, 2023 and later consolidating on March 21, 2024 by contributing its capital stock to Twin Hospitality I, LLC, a wholly-owned subsidiary of the Twin Group. The deal, treated as a business combination under common control, had a net purchase price of $31.8 million with a detailed purchase price allocation and plans to convert approximately half of the 60 Smokey Bones restaurants into new Twin Peaks outlets, supporting FAT Brands' strategic expansion. |
Recent press releases and 8-K filings for TWNP.
- Total revenue declined 5.4% to $87.1M in Q1 2025, attributed to lower same-store sales and conversion-related closures.
- The company recorded a net loss of $12.1M alongside an operating loss of $1.1M, a notable swing from the prior period’s results.
- Twin Hospitality expanded operations by opening two new lodges and is planning up to four additional units later in the year due to construction delays.
- CEO Joe Hummel and Chief Legal Officer Clay Mingus have resigned, effective April 10, 2025, with Joe Hummel also being removed as a Director.
- CFO Ken Kuick has been appointed Interim CEO, and Allen Sussman from FAT Brands Inc. will serve as Interim CLO.
- The company is expanding its footprint with two new lodge openings in 2025 and a target of 7 to 9 additional units this year.
- Fiscal Q4 2024: Total revenue declined 8.2% to $86.5M and the company reported a net loss of $12.0M, driven by lower same-store sales and conversion-related revenue impacts.
- Full FY 2024: Revenue surged 53.2% to $353.8M despite an increased net loss, reflecting significant operational challenges.
- Strategic Initiatives: The company opened nine new Twin Peaks lodges and advanced conversion projects, including two Smokey Bones conversions, underpinning its expansion strategy.