Latest news with #KenKuick
Yahoo
31-07-2025
- Business
- Yahoo
FAT Brands touts 1,000-store pipeline despite growing debt and revenue declines
You can find original article here Nrn. Subscribe to our free daily Nrn newsletter. FAT Brands is moving full speed ahead with store development despite ongoing financial challenges to the portfolio company. Chairman Andy Wiederhorn confirmed during Wednesday's earnings call for the second quarter ended June 29, that the company plans to open an additional 100 stores in 2025, with 1,000 units in the pipeline across the 15-concept company. 'Backed by a robust pipeline of roughly 1,000 signed deals, we opened 18 new locations during the second quarter, including three co-branded Marble Slab Creamery and Great American Cookies stores, and are well positioned to meet our goal of more than 100 restaurant openings this year,' Wiederhorn said. 'In Florida, we've signed a development deal to open 40 additional Fatburger locations over the next decade, growing our state presence to approximately 50 locations.' In contrast to this optimistic store pipeline, FAT Brands continues to struggle financially, reporting a 3.9% decline in same-store sales, 3.4% revenue decrease, and accumulated debt that has reached $15.7 billion. FAT Brands largely attributes the revenue declines to store closures and decreasing same-store sales. FAT Brands' stock has dropped 56.5% year-over-year. FAT Brands co-CEO Ken Kuick laid out a strategic financial plan to cut down on the company's accumulating debt, which includes making interest-only payments to bondholders, temporarily stopping dividend payments to shareholders, and debt restructuring. The company also plans to refranchise 57 Fazoli's locations and double down on its manufacturing business of pretzel and cookie dough for Great American Cookie and Pretzelmaker. For the second quarter ended June 29, FAT Brands opened 18 net new restaurants. The company reported total revenue declines of 3.4% to $146.8 million, compared with $152 million in the second quarter of 2024. The company swung to a loss of $54.2 million, or $3.17 per diluted share, compared to $39.4 million, or $2.43 per diluted share, in the second quarter of 2024. On the same day of FAT Brands' second quarterly earnings call, the U.S. Department of Justice dropped all criminal charges against former CEO Wiederhorn, who was indicted in May 2024 on federal charges alleging a scheme to conceal $47 million in distributions. Contact Joanna at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
30-07-2025
- Business
- Globe and Mail
FAT BRANDS INC. REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS
Conference call and webcast today at 4:30 p.m. ET LOS ANGELES, July 30, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) ('FAT Brands' or the 'Company') today reported financial results for the fiscal second quarter ended June 29, 2025. Andy Wiederhorn, Chairman of FAT Brands, said: 'Backed by a robust pipeline of roughly 1,000 signed deals, we opened 18 new locations during the second quarter, including three co-branded Marble Slab Creamery and Great American Cookies stores, and are well positioned to meet our goal of more than 100 restaurant openings this year. In Florida, we've signed a development deal to open 40 additional Fatburger locations over the next decade, growing our state presence to approximately 50 locations. Our diversified portfolio strategy is paying dividends, led by a strong performance in our snacks segment. We are also seeing meaningful impact from our digital initiatives. At Great American Cookies, digital sales now account for 25% of total revenue with loyalty-driven sales up 40% while Round Table Pizza is experiencing 21% loyalty-driven sales growth and 18% higher customer engagement.' Ken Kuick, Co-Chief Executive Officer and Chief Financial Officer of FAT Brands said: 'We continue to take decisive steps to strengthen our financial position, including securing a bondholder agreement to convert amortizing bonds to interest-only, which will generate an additional $30 to $40 million in annual cash flow savings. Our indenture-related dividend pause remains in effect until we reach the $25 million principal reduction threshold, preserving $36 to $40 million annually. We have also implemented over $5 million in annual G&A reductions while actively working toward refinancing our three remaining securitization silos well ahead of their July 2026 maturity. These combined actions position us to achieve cash flow positive status in the coming quarters." Taylor Wiederhorn, Co-Chief Executive Officer of FAT Brands, said: 'A key strategic priority for us is expanding our manufacturing capacity. To support this, we are actively pursuing strategic partnerships that broaden our brand reach and strengthen our manufacturing capabilities, reinforcing our commitment to growing our market presence and delivering exceptional products to our customers.' Fiscal Second Quarter 2025 Highlights Total revenue declined 3.4% to $146.8 million compared to $152.0 million in the fiscal second quarter of 2024 System-wide sales declined 3.7% System-wide same-store sales declined 3.9% 18 new store openings during the fiscal second quarter of 2025 Net loss of $54.2 million, or $3.17 per diluted share, compared to $39.4 million, or $2.43 per diluted share, in the fiscal second quarter of 2024 Negative EBITDA (1) of $6.0 million compared to EBITDA (1) of $6.8 million in the fiscal second quarter of 2024 Adjusted EBITDA (1) of $15.7 million in the fiscal second quarter of 2025 and 2024 Adjusted net loss (1) of $49.0 million, or $2.88 per diluted share, compared to adjusted net loss (1) of $30.9 million, or $1.93 per diluted share, in the fiscal second quarter of 2024 (1) EBITDA, adjusted EBITDA and adjusted net loss are non-GAAP measures defined below, under 'Non-GAAP Measures'. Reconciliation of GAAP net loss to EBITDA, adjusted EBITDA and adjusted net loss are included in the accompanying financial tables. Summary of Fiscal Second Quarter 2025 Financial Results Total revenue decreased $5.2 million, or 3.4%, in the second quarter of 2025 to $146.8 million compared to $152.0 million in the year-ago quarter, primarily driven by a decrease in restaurant revenue resulting from the closure of five underperforming Smokey Bones locations, the temporary closure of one Smokey Bones location for conversion into a Twin Peaks lodge and lower same-store sales, partially offset by the opening of new Twin Peaks lodges. General and administrative expense increased $14.8 million, or 50.3%, in the second quarter of 2025 to $44.4 million compared to $29.6 million in the same period in the prior year, primarily due to increased share-based compensation expense related to Twin Hospitality Group Inc. and the recognition of $2.1 million in Employee Retention Credits during the prior year quarter. Cost of restaurant and factory revenues was related to the operations of the company-owned restaurant locations and dough factory and decreased $2.1 million, or 2.1%, in the second quarter of 2025 to $98.1 million compared to $100.1 million in the year-ago quarter, primarily due to the decreased costs at company-owned restaurants and factory revenue. Advertising expenses decreased $3.1 million in the second quarter of 2025 to $11.5 million compared to $14.7 million in the same period in the prior year. These expenses vary in relation to advertising revenues. Total other expense, net, for the second quarter of 2025 and 2024 was $39.4 million and $34.8 million, respectively, which is inclusive of interest expense of $39.4 million and $34.0 million, respectively. Adjusted net loss (1) was $49.0 million, or $2.88 per diluted share, compared to adjusted net loss (1) of $30.9 million, or $1.93 per diluted share, in the fiscal second quarter of 2024. Key Financial Definitions New store openings - The number of new store openings reflects the number of stores opened during a particular reporting period. The total number of new stores per reporting period and the timing of store openings has, and will continue to have, an impact on our results. Same-store sales growth - Same-store sales growth reflects the change in year-over-year sales for the comparable store base, which we define as the number of stores open and in the FAT Brands system for at least one full fiscal year. For stores that were temporarily closed, sales in the current and prior period are adjusted accordingly. Given our focused marketing efforts and public excitement surrounding each opening, new stores often experience an initial start-up period with considerably higher than average sales volumes, which subsequently decrease to stabilized levels after three to six months. Additionally, when we acquire a brand, it may take several months to integrate fully each location of said brand into the FAT Brands platform. Thus, we do not include stores in the comparable base until they have been open and in the FAT Brands system for at least one full fiscal year. System-wide sales growth - System-wide sales growth reflects the percentage change in sales in any given fiscal period compared to the prior fiscal period for all stores in that brand only when the brand is owned by FAT Brands. Because of acquisitions, new store openings and store closures, the stores open throughout both fiscal periods being compared may be different from period to period. Conference Call and Webcast FAT Brands will host a conference call and webcast to discuss its fiscal second quarter 2025 financial results today at 4:30 PM ET. Hosting the conference call and webcast will be Andy Wiederhorn, Chairman of the Board, and Ken Kuick, Co-Chief Executive Officer and Chief Financial Officer. The conference call can be accessed live over the phone by dialing 1-877-704-4453 from the U.S. or 1-201-389-0920 internationally. A replay will be available after the call until Wednesday, August 20, 2025, and can be accessed by dialing 1-844-512-2921 from the U.S. or 1-412-317-6671 internationally. The passcode is 13754156. The webcast will be available at under the 'Investors' section and will be archived on the site shortly after the call has concluded. About FAT (Fresh. Authentic. Tasty.) Brands FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Smokey Bones, Great American Cookies, Hot Dog on a Stick, Buffalo's Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses and franchises and owns approximately 2,300 units worldwide. For more information, please 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 future financial and operating results of the Company, the timing and performance of new store openings, our ability to conduct future accretive acquisitions and our pipeline of new store locations. Forward-looking statements generally use words such as 'expect,' 'foresee,' 'anticipate,' 'believe,' 'project,' 'should,' 'estimate,' 'will,' 'plans,' 'forecast,' and similar expressions, and reflect our expectations concerning the future. Forward-looking statements are subject to significant business, economic and competitive risks, uncertainties and contingencies, many of which are difficult to predict and beyond our control, which could cause our actual results to differ materially from the results expressed or implied in such forward-looking statements. We refer you to the documents that we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other risks and uncertainties that could cause our actual results to differ materially from our current expectations and from the forward-looking statements contained in this press release. We undertake no obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of this press release. Non-GAAP Measures (Unaudited) This press release includes the non-GAAP financial measures of EBITDA, adjusted EBITDA and adjusted net loss. EBITDA is defined as earnings before interest, taxes, and depreciation and amortization. We use the term EBITDA, as opposed to loss from operations, as it is widely used by analysts, investors, and other interested parties to evaluate companies in our industry. We believe that EBITDA is an appropriate measure of operating performance because it eliminates the impact of expenses that do not relate to business performance. EBITDA is not a measure of our financial performance or liquidity that is determined in accordance with generally accepted accounting principles ('GAAP'), and should not be considered as an alternative to net loss as a measure of financial performance or cash flows from operations as measures of liquidity, or any other performance measure derived in accordance with GAAP. Adjusted EBITDA is defined as EBITDA (as defined above), excluding expenses related to acquisitions, refranchising (gain) loss, impairment charges, and certain non-recurring or non-cash items that the Company does not believe directly reflect its core operations and may not be indicative of the Company's recurring business operations. Adjusted net loss is a supplemental measure of financial performance that is not required by or presented in accordance with GAAP. Adjusted net loss is defined as net loss plus the impact of adjustments and the tax effects of such adjustments. Adjusted net loss is presented because we believe it helps convey supplemental information to investors regarding our performance, excluding the impact of special items that affect the comparability of results in past quarters to expected results in future quarters. Adjusted net loss as presented may not be comparable to other similarly titled measures of other companies, and our presentation of adjusted net loss should not be construed as an inference that our future results will be unaffected by excluded or unusual items. Our management uses this non-GAAP financial measure to analyze changes in our underlying business from quarter to quarter based on comparable financial results. Reconciliations of net loss presented in accordance with GAAP to EBITDA, adjusted EBITDA and adjusted net loss are set forth in the tables below. Investor Relations: ICR Michelle Michalski ir-fatbrands@ Media Relations: Erin Mandzik emandzik@ 860-212-6509 FAT Brands Inc. Consolidated Statements of Operations Thirteen Weeks Ended Twenty-Six Weeks Ended (In thousands, except share and per share data) June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Revenue Royalties $ 22,169 $ 23,318 $ 43,942 $ 45,265 Restaurant sales 102,388 107,410 201,803 213,348 Advertising fees 9,667 10,065 19,431 19,861 Factory revenues 10,250 9,636 19,061 19,110 Franchise fees 1,124 1,113 2,314 2,594 Other revenue 1,238 498 2,304 3,829 Total revenue 146,836 152,040 288,855 304,007 Costs and expenses General and administrative expense 44,415 29,558 77,458 59,563 Cost of restaurant and factory revenues 98,050 100,113 194,147 199,163 Depreciation and amortization 8,382 10,246 18,773 20,440 Refranchising (gain) loss (9) 175 (31) 1,683 Advertising fees 11,548 14,651 22,624 27,243 Total costs and expenses 162,386 154,743 312,971 308,092 Loss from operations (15,550) (2,703) (24,116) (4,085) Other (expense) income, net Interest expense (34,952) (29,586) (66,396) (59,209) Interest expense related to preferred shares (4,417) (4,417) (8,835) (8,835) Net (loss) gain on extinguishment of debt — — (151) 427 Other income (loss), net 7 (752) 44 (548) Total other expense, net (39,362) (34,755) (75,338) (68,165) Loss before income tax provision (54,912) (37,458) (99,454) (72,250) Income tax provision (457) (1,901) (2,226) (5,425) Net loss (55,369) (39,359) (101,680) (77,675) Less: Net loss attributable to non-controlling interest (1,181) — (1,523) — Net loss attributable to FAT Brands Inc. $ (54,188) $ (39,359) $ (1,523) $ (77,675) Net loss attributable to FAT Brands Inc. $ (54,188) $ (39,359) $ (100,157) $ (77,675) Dividends on preferred shares (2,310) (1,920) (4,541) (3,801) $ (56,498) $ (41,279) $ (104,698) $ (81,476) Basic and diluted loss per common share $ (3.17) $ (2.43) $ (5.91) $ (4.80) Basic and diluted weighted average shares outstanding 17,821,815 17,007,352 17,702,122 16,977,376 Cash dividends declared per common share $ — $ 0.14 $ — $ 0.28 FAT Brands Inc. Consolidated EBITDA and Adjusted EBITDA Reconciliation Thirteen Weeks Ended Twenty-Six Weeks Ended (In thousands) June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Net loss attributable to FAT Brands Inc. $ (54,188) $ (39,359) $ (100,157) $ (77,675) Interest expense, net 39,369 34,003 75,231 68,044 Income tax provision 457 1,901 2,226 5,425 Depreciation and amortization 8,382 10,246 18,773 20,440 EBITDA (5,980) 6,791 (3,927) 16,234 Bad debt expense (recovery) 971 (1,729) 1,201 (1,561) Share-based compensation expenses 12,765 677 13,131 1,422 Non-cash lease expenses 395 758 735 1,388 Refranchising (gain) loss (9) 175 (31) 1,683 Litigation costs 5,198 7,852 12,062 11,660 Severance — 19 — 41 Net loss related to advertising fund deficit 2,178 1,140 2,747 3,422 Net loss (gain) on extinguishment of debt — — 151 (427) Pre-opening expenses 177 63 695 91 Adjusted EBITDA $ 15,695 $ 15,747 $ 26,764 $ 33,953 FAT Brands Inc. Adjusted Net Loss Reconciliation Thirteen Weeks Ended Twenty-Six Weeks Ended (In thousands, except share and per share data) June 29, 2025 June 30, 2024 June 29, 2025 June 30, 2024 Net loss attributable to FAT Brands Inc. $ (54,188) $ (39,359) $ (100,157) $ (77,675) Refranchising (gain) loss (9) 175 (31) 1,683 Net loss (gain) on extinguishment of debt — — 151 (427) Litigation costs 5,198 7,852 12,062 11,660 Severance — 19 — 41 Tax adjustments, net (1) 43 408 273 973 Adjusted net loss $ (48,956) $ (30,905) $ (87,702) $ (63,745) Net loss $ (54,188) $ (39,359) $ (100,157) $ (77,675) Dividends on preferred shares (2,310) (1,920) (4,541) (3,801) $ (56,498) $ (41,279) $ (104,698) $ (81,476) Adjusted net loss $ (48,956) $ (30,904) $ (87,702) $ (63,745) Dividends on preferred shares (2,310) (1,920) (4,541) (3,801) $ (51,266) $ (32,824) $ (92,243) $ (67,546) Loss per basic and diluted share $ (3.17) $ (2.43) $ (5.91) $ (4.80) Adjusted net loss per basic and diluted share $ (2.88) $ (1.93) $ (5.21) $ (3.98) Weighted average basic and diluted shares outstanding 17,821,815 17,007,352 17,702,122 16,977,376 (1) Reflects the tax impact of the adjustments using the effective tax rate for the respective periods.
Business Upturn
29-07-2025
- Business
- Business Upturn
FAT Brands to Announce Second Quarter 2025 Financial Results On July 30, 2025
LOS ANGELES, July 28, 2025 (GLOBE NEWSWIRE) — FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) ('FAT Brands' or the 'Company'), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, Fazoli's and 13 other restaurant concepts, today announced that the Company will host a conference call to review its second quarter 2025 financial results on Wednesday, July 30, 2025 at 4:30 PM ET. A press release with second quarter 2025 financial results will be issued prior to the conference call that day. The conference call can be accessed live over the phone by dialing 1-877-704-4453 from the U.S. or 1-201-389-0920 internationally. A replay will be available after the call until Wednesday, August 20, 2025, and can be accessed by dialing 1-844-512-2921 from the U.S. or 1-412-317-6671 internationally. The passcode is 13754156. Hosting the call will be Andy Wiederhorn, Chairman, and Ken Kuick, Co-Chief Executive Officer and Chief Financial Officer. The conference call will also be webcast live from the corporate website at under the 'Investors' section. A replay of the webcast will be available through the corporate website shortly after the call has concluded. About FAT (Fresh. Authentic. Tasty.) Brands FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo's Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. For more information on FAT Brands, please visit Investor Relations: ICRMichelle Michalski [email protected]
Business Upturn
29-07-2025
- Business
- Business Upturn
Twin Hospitality Group Inc. Announces Second Quarter 2025 Financial Results on July 30, 2025
DALLAS, July 28, 2025 (GLOBE NEWSWIRE) — Twin Hospitality Group Inc. ('Twin Hospitality') (NASDAQ: TWNP), the operating unit for the Twin Peaks and Smokey Bones restaurant brands, today announced that the Company will host a conference call to review its second quarter 2025 financial results on Wednesday, July 30, 2025 at 5:15 PM ET. A press release with second quarter 2025 financial results will be issued prior to the conference call that day. The conference call can be accessed live over the phone by dialing 1-877-407-0792 from the U.S. or 1-201-689-8263 internationally. A replay will be available after the call until Wednesday, August 13, 2025, and can be accessed by dialing 1-844-512-2921 from the U.S. or 1-412-317-6671 internationally. The passcode is 13754155. Hosting the call will be Kim Boerema, Chief Executive Officer, and Ken Kuick, Chief Financial Officer. The conference call will also be webcast live from the corporate website at under the 'Investors' section. A replay of the webcast will be available through the corporate website shortly after the call has concluded. About Twin Hospitality Group Inc. Twin Hospitality Group Inc. (NASDAQ: TWNP) is a restaurant company that strategically develops and operates and franchises specialty casual dining restaurant concepts with a goal to redefine the casual dining category with its experiential driven brands, Twin Peaks and Smokey Bones. Twin Peaks, known as the ultimate sports lodge, is an award-winning restaurant and sports bar brand with 114 locations across 27 states and Mexico and is known for its made-from-scratch food, 29 degree draft beer, innovative cocktail program and sports on wall-to-wall televisions. Smokey Bones is a full-service, meat-centric restaurant brand and concept with 51 locations, across 16 states specializing in ribs and a variety of other slow-smoked, fire-grilled and seared meats, along with a full bar. For more information, please visit Investor Relations: ICR [email protected]
Yahoo
29-06-2025
- Business
- Yahoo
Dozens of Smokey Bones restaurants will be rebranded. Which locations are being impacted?
FAT Brands Inc., the global company behind dozens of iconic food chains like Fazoli's and Fatburger, is shifting business models for Smokey Bones, a barbecue favorite with locations all across the country. Here's what you need to know. Under the new company, underperforming locations will close, and half of all Smokey Bones will be transitioned into a whole new restaurant: Twin Peaks. With over 2,300 franchise stores across 40 countries, FAT Brands purchased the barbecue bar and grill for $30 million from Sun Capital Partners private equity in 2023. Right at the start of 2025, FAT Brands created Twin Hospitality Group, the operating unit for its Twin Peaks and Smokey Bones brands. Proceeds from the IPO will help pay down debt at the parent company, which owns 95% of Twin Hospitality shares. In return, the sports bars will focus on opening more locations with the funding received. Twin Peaks is a growing brand in the United States, filling a niche left by the gone-with-the-wind Hooters. 'Converting Smokey Bones locations to Twin Peaks provides a significant return on investment as altering a standing restaurant with similar square footage and real estate draw like Smokey Bones cuts out about a year and a half of construction time,' Ken Kuick, FAT Brands co-CEO and chief financial officer, said in a statement. 'Twin Peaks is our fastest-growing concept, producing strong and growing average-unit volumes.' Restaurant closings: Hooters closes over 30 restaurants suddenly, company calls it 'difficult decision' According to statistics from a 2024 earnings call, Twin Peak's profits were four times higher in margins compared to the barbeque joint, causing a split in shifting the underperforming locations to more profits. The company announced in March nine underperforming locations would close. Those locations have not been announced. With nine restaurants closing, it leaves 45 stores available to be rebranded. Of the 45, 30 of the Smokey Bones restaurants will be rebranded over time, the company said in an initial statement. Out of 54 locations, nine will close. The 45 will then be reduced again, as 30 of the remaining will be rebranded to Twin Peaks restaurants over time, the company said in an initial statement. The first Smokey Bones to transition was the location in Lakeland, Florida in late 2024 according to reporting from National Restaurant News. In the end, Smokey Bones will downsize to just 15 locations left. At the brand's highest point, Smokey Bones had over 100 locations nationwide. The company has yet to reveal which Smokey Bones locations will close or convert to the Twin Peaks brand. Twin Peaks is similar to Hooters. Restaurants offer cold drinks, American meals and large portions. Think of a casual sports bar with… Twin Peaks on display. Following in the same vein as Hooters' popularity in the 90's and 2000's, the dining spot offers cold drinks, American meals and large portions. According to the Twin Peaks location tracker, there are 109 locations across the United States. The company plans in the short term to open at least 11 new locations by the end of 2025, and cap at 650 locations across the U.S. in the distant future. It appears that communication has been limited regarding which location is the next on the chopping block. Even employees at several locations seem to be left in the dark. 'When (Fat Brands) first bought us they sent out a handful of people to check out our restaurant and were in and out within five to ten minutes,' an employee said at the Springfield, Illinois location. 'That was well over half a year ago, and we haven't heard anything since.' Calls to confirm the status of the restaurant to the general manager were not responded to as of June 25. Claire Grant writes about business, growth and development and other news topics for The State Journal-Register. She can be reached at CLGrant@ and on X (Formerly known as Twitter): @Claire_Granted This article originally appeared on State Journal-Register: Dozens of Smokey Bones restaurants will be rebranded. What we know
