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DALLAS - Twin Hospitality Group Inc. (NASDAQ:TWNP), the parent organization of Twin Peaks Restaurant, has announced the immediate appointment of industry veteran Kim Boerema as its new Chief Executive Officer. Boerema brings over three decades of experience in scaling and enhancing operations in high-volume, full-service restaurants, aiming to bolster the growth of the Twin Peaks brand. The company, with a market capitalization of $334.62 million and revenue growth of 25.69% in the last twelve months, is currently rated as overvalued according to InvestingPro Fair Value analysis.
Boerema’s career includes significant roles such as President and Chief Operating Officer of Parry’s Pizzeria & Taphouse, where he expanded the chain from 10 to approximately 30 locations. His previous leadership roles include CEO and President of Iron Hill Brewery and Restaurant, COO of California Pizza Kitchen, and Regional Vice President at Texas Roadhouse, overseeing 125 units.
"Kim brings deep expertise in franchising, corporate operations, and profitability enhancement, making him ideally positioned to lead Twin Peaks in its next stage of growth," said Ken Kuick, CFO of Twin Hospitality Group. The company, which currently operates 116 locations in the U.S. and Mexico, is known for its unique sports lodge experience, offering made-from-scratch food and a friendly atmosphere. InvestingPro analysis reveals the company faces challenges with a significant debt burden and short-term obligations exceeding liquid assets, with a current ratio of 0.63.
Boerema expressed his enthusiasm for experiential dining and his commitment to maintaining and enhancing the Twin Peaks brand. "Over the years, Twin Peaks has emerged as an industry leader known for operational excellence and brand integrity," he stated.
This leadership change comes as Twin Hospitality Group continues to focus on expanding its footprint, with a pipeline of 100 lodges on the horizon. The company’s strategic development aims to redefine the casual dining category with its brand-driven experiences.
The information in this article is based on a press release statement from Twin Hospitality Group Inc. Investors are advised that the company’s forward-looking statements involve risks and uncertainties, and actual results may differ materially from those projected. For comprehensive analysis and additional insights, including 8 more exclusive ProTips and detailed financial metrics, visit InvestingPro to access the full research report on Twin Hospitality Group.
In other recent news, Twin Hospitality Group Inc. reported its Q1 2025 earnings, revealing a mixed financial performance. The company’s total revenue decreased by 5.4% year-over-year to $87.1 million, and the net loss widened to $12.1 million from $9.2 million in the same quarter last year. Despite these financial setbacks, Twin Peaks, a key brand under Twin Hospitality, experienced a 5.1% increase in system-wide sales, reflecting some resilience in the market. The company also reported a decrease in adjusted EBITDA to $5.1 million from $7.1 million in the previous year. Looking forward, Twin Hospitality plans to open 3-4 new units in 2025 and aims for a $75-100 million equity raise. The company is strategically focusing on enhancing its sports programming, preparing for promotions around the 2026 World Cup. Twin Hospitality’s recent developments indicate a focus on long-term growth despite current challenges.
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