TWNPQRetail-Eating PlacesIFRS · EUR

Twin Hospitality Group Inc.

Twin Hospitality Group Inc. operates and franchises two casual dining restaurant concepts, Twin Peaks and Smokey Bones, in the United States and through a small international franchise presence in Mexico. Its business combines company-owned restaurant operations with franchise royalties, fees, and advertising revenue.

Liikevaihto354milj. EUR
+53,2 %v/v
Liikevoitto (EBIT)−8,3milj. EUR
−164,4 %v/v
EBIT-marginaali−2,4%
−8,0 %-yks.v/v
Nettotulos−48,2milj. EUR
−248,0 %v/v
Vapaa kassavirta−40,2milj. EUR
−125,3 %v/v

Tilikausi 2024 · muutos edellisvuodesta

Kehitys 2023–2024

−1000100200300400milj. EUR2023: 231 milj. EUR2023: EBIT 13 milj. EUR20232024: 354 milj. EUR2024: EBIT −8,3 milj. EUR2024354−8,3
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Company-owned restaurant sales90 %

Food and beverage sales generated at company-operated Twin Peaks and Smokey Bones locations.

Franchise revenue10 %

Royalties, franchise fees, and advertising revenue from franchised restaurants.

Tuotteet

Raportoitu · osuus liikevaihdosta
90,5%9,5%FY2024100 %
  • Restaurant Sales90,5 %
  • Franchisor9,5 %

Lähde: 10-K FY2024, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company serves dine-in restaurant guests who visit Twin Peaks and Smokey Bones locations for casual dining, sports-bar, and grill-style experiences. It also sells to franchise partners that operate branded restaurants under its concepts and pay for the right to use the brands and system. Customer demand is driven by traffic, menu appeal, location quality, and the strength of the franchise network.

Restaurant guests

Consumers visiting company-owned Twin Peaks and Smokey Bones locations for food, beverages, and dining experience.

Franchise partners

Operators of domestic and international franchised restaurants that buy brand rights and system access.

Advertising fund participants

Franchise system participants contributing to brand advertising and promotional activity.

Strategia

The company is focused on expanding its restaurant footprint through a mix of company-owned and franchised openings, with a stated preference for a larger share of franchised growth. It also relies on operating two distinct concepts to broaden its addressable customer base and support systemwide brand development. The franchise model is important because it can scale unit count and royalty streams with less capital intensity than company-owned expansion.

Grow the franchised unit pipelineLyhyt aikaväli

Franchised openings can expand the system with lower direct operating burden than company-owned growth.

Balance company-owned and franchised conceptsKeskipitkä aikaväli

Operating both models supports brand control, concept testing, and recurring franchise economics.

Maantiede

Twin Hospitality Group's business is concentrated in the United States, where it operates most company-owned and franchised restaurants. It also has a small international franchise presence in Mexico through Twin Peaks. Geography matters because restaurant traffic, labor markets, and consumer preferences are local, while the franchise model allows expansion without owning every location.

Riskit

The business is exposed to restaurant traffic volatility, labor and food cost inflation, and local market competition, all of which can pressure unit economics. Because a large share of revenue comes from company-owned restaurants, operating performance is sensitive to guest counts, staffing, and occupancy costs, while the franchise model adds dependence on franchisee execution and new-unit timing. The company also carries typical restaurant-system risks around brand consistency, lease obligations, and seasonality.

Järjestetty vakavuuden mukaan
Traffic and same-store sales volatilityKorkea

Revenue depends on customer visits to casual dining locations, which can vary with consumer spending and local demand.

Kohdistuu: Company-owned restaurant sales

Labor and food cost inflationKorkea

Restaurant operations require significant staffing and ingredient purchases, making margins sensitive to wage and input cost changes.

Kohdistuu: Restaurant operating costs

Franchise execution and development riskKeskitaso

Planned growth depends on franchise partners opening units on schedule and operating them successfully.

Kohdistuu: Franchise pipeline and royalty stream

Brand and concept relevanceKeskitaso

Casual dining concepts must stay attractive to consumers to sustain traffic and franchise interest.

Kohdistuu: Twin Peaks and Smokey Bones brands

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition by revenue stream

Company-owned restaurant sales and franchise royalties/fees have different recognition patterns and timing.

Vaikutus: Affects reported revenue mix and comparability across periods

52-week calendar and seasonality

The company uses a 52-week fiscal year, and a 53rd week can shift quarterly comparisons.

Vaikutus: Can distort quarter-over-quarter revenue and expense trends

Lease and occupancy accounting

Restaurant locations are lease-intensive, making occupancy and related lease accounting important.

Vaikutus: Affects operating expense profile and fixed-cost burden

Depreciation and pre-opening costs

New unit build-outs and restaurant assets create depreciation and launch-period expense recognition.

Vaikutus: Influences operating margins during expansion periods

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Twin Hospitality Group Inc. – Retail-Eating Places | Analyysi – Clarifo