Earnings summaries and quarterly performance for Twin Hospitality Group.
Executive leadership at Twin Hospitality Group.
Board of directors at Twin Hospitality Group.
Research analysts who have asked questions during Twin Hospitality Group earnings calls.
Recent press releases and 8-K filings for TWNP.
Twin Hospitality Group Inc. Files for Chapter 11 Bankruptcy
TWNP
Legal Proceedings
Debt Issuance
Board Change
- Twin Hospitality Group Inc. (TWNP) commenced voluntary Chapter 11 bankruptcy proceedings on January 26, 2026, in the U.S. Bankruptcy Court for the Southern District of Texas, with the goal of deleveraging its balance sheet and strengthening its capital structure.
- The company expects its restaurant brands, Twin Peaks and Smokey Bones, to remain open and operate as usual during the bankruptcy process, while trading of TWNP securities on NASDAQ is anticipated to continue with a "Q" suffix.
- The Chapter 11 filing constitutes an event of default for approximately $403 million in Secured Notes and $4 million in Equipment Financing Agreements, and the company cautions that common shareholders could face a complete or significant loss on their investment.
- To oversee the restructuring, the Board appointed Patrick Bartels and Neal Goldman as Independent Restructuring Directors, and John DiDonato as Chief Restructuring Officer, effective January 26, 2026.
Jan 27, 2026, 11:25 AM
Twin Hospitality Group Commences Voluntary Chapter 11 Proceedings
TWNP
Legal Proceedings
Debt Issuance
Delisting/Listing Issues
- Twin Hospitality Group Inc. (TWNP) initiated voluntary chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas on January 26, 2026.
- The company plans to use the filings to delever its balance sheet, maximize value for stakeholders, and support the continued growth of its brands, Twin Peaks and Smokey Bones, which are expected to remain open and operating as usual.
- Trading of Twin Hospitality Group’s securities on NASDAQ is anticipated to continue with a “Q” suffix during this period.
Jan 27, 2026, 2:55 AM
Twin Hospitality Group Inc. Announces Leadership Changes
TWNP
CEO Change
Management Change
Board Change
- Andy Wiederhorn has been appointed Chief Executive Officer of Twin Hospitality Group Inc., effective immediately, following the termination of Kim Boerema.
- Roger Gondek has been elevated to President and Chief Operating Officer of Twin Peaks Restaurants.
- Andy Wiederhorn, who previously served as Chairman of the Board since August 2025, will not receive additional compensation for his new CEO role.
- The company anticipates this leadership restructuring will streamline operations, enhance the guest experience, optimize resources, minimize overhead, and support debt restructuring.
Dec 29, 2025, 1:00 PM
Twin Hospitality Group Reports Q3 2025 Results
TWNP
Earnings
Management Change
New Projects/Investments
- Twin Hospitality Group reported a 3.3% decrease in total system-wide sales to $170.7 million and a 1.6% decrease in total revenue to $82.3 million for Q3 2025, resulting in a net loss of $24.5 million, though Adjusted EBITDA increased to $3 million.
- Twin Peaks revenue grew 5.3% to $50.3 million, with its restaurant-level contribution margin improving by 72 basis points to 17%. Comparable sales declined, partially offset by new lodge openings and steady system-wide weekly sales averaging $11.3 million over the past 12 weeks.
- The company continued its strategic optimization of Smoky Bones, closing 11 underperforming units year-to-date and converting two locations to Twin Peaks. These conversions more than doubled revenue, achieving average unit volumes of $7.8 million compared to $3.5 million when operating as Smoky Bones.
- Significant leadership changes include the appointment of Andy Wiederhorn as Chairman of the Board in August, and new C-suite executives such as Kim Brindamill as President of Smoky Bones, Rob Cherney as COO of Smoky Bones, and Melissa Frey as Chief Marketing Officer.
Nov 5, 2025, 10:15 PM
Twin Hospitality Group Reports Q3 2025 Results and Strategic Progress
TWNP
Earnings
Management Change
New Projects/Investments
- Twin Hospitality Group reported Q3 2025 total system-wide sales of $170.7 million, a 3.3% decrease from the prior year, with a net loss of $24.5 million. However, Adjusted EBITDA increased to $3 million compared to $2.3 million in the prior year quarter.
- The company is actively executing a strategic conversion program, having closed 11 underperforming Smokey Bones units and converted two locations to Twin Peaks, which have more than doubled revenue to average unit volumes of $7.8 million.
- Twin Peaks' restaurant-level contribution margin improved by 72 basis points to 17% , while Smokey Bones' margin was -0.3%, with management targeting stronger contribution margins for Smokey Bones beginning in early 2026.
- Twin Hospitality Group announced significant leadership changes, including the appointment of Andy Wiederhorn as Chairman of the Board and several new C-suite executives across both brands.
Nov 5, 2025, 10:15 PM
Twin Hospitality Group Reports Q3 2025 Results and Strategic Updates
TWNP
Earnings
Management Change
New Projects/Investments
- Twin Hospitality Group reported total revenue of $82.3 million for Q3 2025, a 1.6% decrease from the prior year, and a net loss of $24.5 million. Despite this, Adjusted EBITDA increased to $3 million compared to $2.3 million in the year-ago quarter.
- Twin Peaks revenue grew by 5.3% to $50.3 million, with its restaurant-level contribution margin improving by 72 basis points to 17%. Conversely, Smoky Bones revenue decreased by 10.8% to $32 million, and its restaurant-level contribution margin was negative 0.3%.
- The company is actively converting underperforming Smoky Bones locations to Twin Peaks lodges, having closed 11 underperforming units year-to-date and converted two locations. These converted locations have more than doubled their average unit volumes, reaching $7.8 million compared to $3.5 million as Smoky Bones.
- Key leadership appointments were made, including Andy Wiederhorn as Chairman of the Board, Kim Brindamill as President of Smoky Bones, and Rob Cherney as Chief Operating Officer of Smoky Bones.
Nov 5, 2025, 10:15 PM
Twin Hospitality Group Inc. Reports Fiscal Third Quarter 2025 Financial Results
TWNP
Earnings
Demand Weakening
New Projects/Investments
- Twin Hospitality Group Inc. reported a 1.6% decrease in total revenue to $82.3 million for the fiscal third quarter ended September 28, 2025, compared to $83.7 million in the same period of the prior year.
- The company posted a net loss of $24.5 million for Q3 2025, compared to a net loss of $16.2 million in Q3 2024, while Adjusted EBITDA increased to $3.0 million from $2.3 million.
- The decline in revenue was primarily attributed to the closure of 11 underperforming Smokey Bones locations and the temporary closure of two Smokey Bones locations for conversion into Twin Peaks lodges.
- General and administrative expenses rose significantly, driven by $6.9 million in Smokey Bones store closure costs and a $1.4 million non-cash impairment of fixed assets.
Nov 5, 2025, 9:13 PM
Twin Hospitality Group Inc. Enters into Common Stock Purchase Agreement with White Lion Capital
TWNP
- Twin Hospitality Group Inc. (TWNP) entered into a Common Stock Purchase Agreement and a Registration Rights Agreement with White Lion Capital, LLC on September 30, 2025.
- Under the Purchase Agreement, TWNP has the right, but not the obligation, to require White Lion to purchase up to $50.0 million in newly issued Class A common stock over a 36-month period.
- As consideration for White Lion's commitments, TWNP will issue Commitment Shares in three tranches.
- TWNP is obligated to file a registration statement with the SEC to register the resale of the Common Stock by White Lion.
Oct 3, 2025, 8:48 PM
TWNP Highlights Growth Strategy and Financial Performance
TWNP
New Projects/Investments
Revenue Acceleration/Inflection
Earnings
- Twin Peaks operates 116 existing locations as of Q1 2025, representing 38.1% lodge count growth since the FAT acquisition. The company has 100+ new franchise commitments and plans to convert approximately 30 Smokey Bones locations, with the first two conversions completed in September 2024 and February 2025.
- For the full year 2024, Twin Peaks reported $231 million in Twin Peaks revenue, $732 million in System-Wide Sales, and $21 million in Adjusted EBITDA. In the three months ended March 30, 2025, the company generated $87.1 million in total revenue and $5.1 million in Adjusted EBITDA.
- The company's restaurant model demonstrates attractive unit economics, with an Average Unit Volume (AUV) of $6.5 million and a Restaurant-Level Contribution of 18.0%. Cash-on-Cash Returns are projected at 29.3% for conversions and 35.5% for new builds.
Jun 4, 2025, 11:00 AM
Twin Hospitality Group Inc. Reports Q1 2025 Results
TWNP
Earnings
New Projects/Investments
- 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.
May 8, 2025, 12:00 AM
Quarterly earnings call transcripts for Twin Hospitality Group.
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