Core Insights - Twin Hospitality, which operates Twin Peaks and Smokey Bones, is experiencing growing losses and declining same-store sales and revenue in Q3, despite ongoing restaurant openings and franchise agreements [2] - The company closed 15 underperforming Smokey Bones locations last year and plans to convert 19 of those units to Twin Peaks, which are expected to perform better [2] Leadership Changes - Wiederhorn, who has been on Twin Hospitality's board since last August, will work with leadership to create sustainable growth and improve operations; he previously served as CEO of Fat Brands and resumed his position after a federal investigation [3] - Roger Gondek, the current COO of Twin Peaks, will also take on the role of president, bringing over 15 years of experience with the brand [4] Strategic Focus - The company aims to drive key business initiatives, including streamlining operations and enhancing the guest experience, while restructuring debt and minimizing overhead to provide additional value [5]

Company Overview - Twin Hospitality Group Inc. is a restaurant company that focuses on developing and operating specialty casual dining concepts aimed at redefining the casual dining category through experiential brands [3] - Founded in 2005, Twin Peaks has expanded to 116 locations across the U.S. and Mexico, offering a sports lodge experience with made-from-scratch food and a wide selection of beers [4] Upcoming Event - Twin Hospitality will present at Noble Capital Markets' Emerging Growth Virtual Equity Conference on June 4, 2025, at 4:00 PM Eastern Standard Time, with 1x1 meetings available for registered investors [1] - Attendees can register for the event at no cost, and a video webcast will be available on the company's website and Channelchek following the event, archived for 90 days [2] Industry Context - Noble Capital Markets, established in 1984, is a full-service investment bank that provides middle market expertise and has raised billions for companies, publishing over 45,000 equity research reports [5] - Channelchek, launched in 2018 by Noble, is an investor community dedicated to public emerging growth companies, offering free institutional-quality research and featuring over 7,000 listed companies [6]