Twin Hospitality Group Earnings Call Transcripts
Fiscal Year 2025
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System-wide sales declined 3.3% year-over-year, with Twin Peaks revenue up 5.3% and Smokey Bones down 10.8% due to closures and conversions. Margin improvements and operational efficiencies are driving better results, and a robust conversion pipeline is set to fuel future growth.
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Second quarter sales and revenue declined year-over-year, impacted by sports calendar softness and ongoing Smokey Bones conversions. Leadership remains optimistic for growth in the second half, with a focus on operational improvements and accelerated Twin Peaks expansion.
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System-wide sales at Twin Peaks grew 5.1% year-over-year, driven by new openings, but same-store sales declined 1.5% amid a challenging environment. Net loss widened to $12.1 million, and adjusted EBITDA fell to $5.1 million. Equity raise plans are delayed by market volatility.
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Q4 revenue and system-wide sales declined year-over-year due to an extra week in the prior year and ongoing Smokey Bones conversions, with net loss widening to $12 million. Growth plans remain robust, targeting 9-11 new units in 2025 and a $100 million equity raise by October.