Twin Hospitality Group Inc. Class A ( (TWNP) ) has released its Q1 earnings. Here is a breakdown of the information Twin Hospitality Group Inc. Class A presented to its investors.
Twin Hospitality Group Inc., a company that operates and franchises specialty casual dining restaurant concepts, reported its fiscal first quarter 2025 financial results, highlighting its strategic growth initiatives and recent achievements. Despite industry challenges, Twin Peaks, a brand under Twin Hospitality, saw a 5% increase in system-wide sales, reaching $146.3 million, driven by new company-owned restaurants and a focus on high-margin beverage sales. The company opened two new lodges, including a conversion of Smokey Bones to Twin Peaks in Florida and a new franchise in Illinois, totaling 116 locations. However, the company faced a 5.4% decrease in total revenue to $87.1 million and a net loss of $12.1 million, attributed to lower same-store sales and construction delays affecting new openings. Looking forward, Twin Hospitality Group remains committed to its strategic growth, with plans to open three to four new units this year and a robust development pipeline of 100 franchise agreements, including new ventures in South Dakota and Montana.