Latest news with #JoeHummel
Yahoo
01-04-2025
- Business
- Yahoo
Twin Peaks CEO resigns
This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Twin Hospitality Group CEO Joe Hummel and Chief Legal Officer Clay Mingus are resigning from their posts to pursue other opportunities effective April 10, the company said in a Monday press release. CFO Ken Kuick has been appointed interim CEO while Allen Sussman, Fat Brands general counsel, has become interim chief legal officer. The leadership changes come over two months after Twin Peaks was spun off from Fat Brands into a separate public company that owns both the restaurant chain and Smokey Bones. Despite the leadership change, Kuick said Twin Peaks will continue on its current growth path, which includes a development pipeline of over 100 units. The chain has already opened two restaurants this year and is targeting seven to nine additional units in 2025. Last year, the brand opened nine restaurants and signed four area development agreements for 24 lodges, according to an earnings release. The 116-unit chain's long-term goal is to reach 650 restaurants in the U.S. and 250 units internationally. However, the company faces net losses that grew to $48.2 million last year compared to $13.8 million in 2023. The chain's systemwide sales did grow 25.3% last year, but same-store sales at Twin Peaks were down 3.1%. Its conversion of Smokey Bones units into Twin Peaks is helping drive systemwide sales growth. A Lakeland, Florida, location that opened in September is 'exceeding expectations,' Kuick said in the earnings release, and another one in Brandon, Florida, that opened in February is 'off to a strong start.' Both Hummel and Mingus have served in their positions for seven years, and joined the chain at about the same time, according to their LinkedIn profiles. 'Starting on the franchisee side of Twin Peaks together and then taking on leadership roles at Twin Peaks and now Twin Hospitality Group, they helped pave the way for the IPO,' Kuick said in a statement. Recommended Reading What's driving Twin Peaks' growth and $5M AUVs Sign in to access your portfolio
Yahoo
31-03-2025
- Business
- Yahoo
Twin Hospitality Group Announces Leadership Transition
Ken Kuick Named Interim Chief Executive Officer DALLAS, March 31, 2025 (GLOBE NEWSWIRE) -- Twin Hospitality Group Inc. (Nasdaq: TWNP), the parent company of Twin Peaks Restaurant, today announces the resignation of Joe Hummel, Chief Executive Officer, and Clay Mingus, Chief Legal Officer, who are pursuing other opportunities. The date of their departures will be effective April 10, 2025. Ken Kuick, Chief Financial Officer, has been appointed Interim Chief Executive Officer and Allen Sussman, General Counsel of FAT Brands Inc., has been appointed Interim Chief Legal Officer. 'We would like to thank Joe and Clay for all that they have done for Twin Peaks over the last 14 years,' said Ken Kuick,' CFO of Twin Hospitality Group. 'Starting on the franchisee side of Twin Peaks together and then taking on leadership roles at Twin Peaks and now Twin Hospitality Group, they helped pave the way for the IPO.' Kuick continued, "We will carry the torch forward, having already opened two new lodges in 2025 and targeting approximately seven to nine additional units this year, while building on our robust over 100-unit development pipeline.' 'It has been an incredible journey with Twin Peaks—one filled with growth milestones, an IPO and the most dedicated team out there,' said Joe Hummel, CEO of Twin Hospitality Group. 'While the time has come to begin a new chapter in my career, I look forward to continuing to watch Twin Peaks stand in a category of its own, providing an unmatched sports lodge experience.' Twin Hospitality Group Hospitality Group Inc. is a restaurant company that strategically develops and operates specialty casual dining restaurant concepts with a goal to redefine the casual dining category with its experiential driven brands. For more information, visit About Twin PeaksFounded in 2005 in the Dallas suburb of Lewisville, Twin Peaks has 116 locations in the U.S. and Mexico. Twin Peaks is the ultimate sports lodge featuring made-from-scratch food and the coldest beer in the business, surrounded by scenic views and wall-to-wall TVs. At every Twin Peaks, guests are immediately welcomed by a friendly Twin Peaks Girl and served up a menu made for MVPs. From its smashed and seared-to-order burgers to its in-house smoked brisket and wings, guests can expect menu items that satisfy every appetite. To learn more about franchise opportunities, visit For more information, visit Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings. Forward-looking statements reflect the expectations of management concerning the future and are subject to significant business, economic and competitive risks, uncertainties, and contingencies. These factors are difficult to predict and beyond our control and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that are filed from time to time by Twin Hospitality Group Inc. with the Securities and Exchange Commission, such as its Registration Statement on Form 10 and reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release. Investor Relations:ICRMichelle Michalskiir@ Media Relations:Destinee # # #Sign in to access your portfolio
Yahoo
18-02-2025
- Entertainment
- Yahoo
Twin Peaks Expands in Florida with New Brandon Location Opened Feb. 17
Twin Peaks Restaurant Twin Peaks Restaurant Ultimate sports lodge brings elevated game-day experience to Tampa suburb with 70 TVs, 24 beers on tap, and scratch-made food BRANDON, Fla., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Twin Hospitality Group Inc. (Nasdaq: TWNP), the parent company of Twin Peaks Restaurant, has expanded its footprint in the Sunshine State with the opening of a new lodge in Brandon, Florida, on Monday, Feb. 17, 2025. Known for its 29-degree draft beer, scratch-made food, and unmatched game-day atmosphere, Twin Peaks is pleased to bring its signature sports lodge experience to the local community. The grand opening celebration will include a ribbon-cutting ceremony on Monday, Feb. 24, at 10:30 a.m., with local officials, community leaders, and members of the chamber of commerce in attendance. Located at 136 Brandon Town Center Drive, the newest Twin Peaks features two indoor bars, an uncovered patio, 24 beers on tap, and 70 TVs, ensuring fans never miss a moment of the action. With Twin Peaks' high-energy atmosphere, sports fans have plenty to look forward to—especially the drink specials that will be in full swing just as basketball season heats up. Guests can raise a glass to the action with Twin Peaks' elevated drink menu, featuring premium cocktails like the creamy Carajillo, Spicy Strawberry Margarita, Bourbon Espresso Martini, and refreshing Mai Tai. 'Twin Peaks continues to grow in key markets, and Brandon is a perfect fit for our sports lodge experience,' said Joe Hummel, CEO of Twin Hospitality Group. 'With our scratch-made menu, extensive beer selection, and wall-to-wall TVs, we're giving fans the perfect place to catch the game and enjoy great food and drinks. We're excited to welcome the Brandon community to their new go-to game-day destination.' To view location details, stay up to date on game schedules, view menus, and check out current events and promotions, visit Twin Peaks Brandon's location site here. Twin Hospitality Group Inc. Twin Hospitality Group Inc. is a restaurant company that strategically develops and operates specialty casual dining restaurant concepts with a goal to redefine the casual dining category with its experiential driven brands. For more information, visit About Twin Peaks Founded in 2005 in the Dallas suburb of Lewisville, Twin Peaks has 115 locations in the U.S. and Mexico. Twin Peaks is the ultimate sports lodge featuring made-from-scratch food and the coldest beer in the business, surrounded by scenic views and wall-to-wall TVs. At every Twin Peaks, guests are immediately welcomed by a friendly Twin Peaks Girl and served up a menu made for MVPs. From its smashed and seared-to-order burgers to its in-house smoked brisket and wings, guests can expect menu items that satisfy every appetite. To learn more about franchise opportunities, visit For more information, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings. Forward-looking statements reflect the expectations of management concerning the future and are subject to significant business, economic and competitive risks, uncertainties, and contingencies. These factors are difficult to predict and beyond our control and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that are filed from time to time by Twin Hospitality Group Inc. with the Securities and Exchange Commission, such as its Registration Statement on Form 10 and reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release. Contact: Betsy DeMik, Champion(972) 930-9933; bdemik@ # # # Attachments Twin Peaks Restaurant Twin Peaks Restaurant
