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By Brandon Hornback
Twin Hospitality Group Inc. (NASDAQ: TWNP) is sharpening its focus and tightening its playbook — with results beginning to show.
Revenue in the quarter through September held firm at $82.3 million, down just slightly year-over-year, a generally expected result after shuttering some legacy Smokey Bones locations and temporarily pausing units for Twin Peaks conversions. A touch of short-term pain is already paying off: Restaurant-level margins improved to 9.6% from 8.7%, signaling that disciplined cost control and brand focus are taking hold.
Twin Peaks, an elevated mountain lodge concept, continues to lead the charge, growing sales 5.3% to $50.3 million as new lodges open and guest traffic stabilizes.
Across the board, expense lines tell the story of efficiency. Food and beverage costs improved to 27.4% and labor slipped to 32.1%, pointing to stronger unit economics.
Perhaps most notable, CEO Kim Boerema has built a deep bench of new executives to drive the company’s fresh “back-to-basics formula” — and it’s working.
At an enterprise value of just 0.6x LTM sales, TWNP trades well below its casual-dining peers. With new leadership, cleaner operations, and expanding margins, the setup for a rebound is hard to ignore.
Download the full report to see why Twin Hospitality’s strategic reset could turn into the sector’s most interesting comeback story.
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