Financials - December 2025
Galloway Capital Partners Announces 6.01% Stake in Noodles & Company
Dec 3, 2025 8:00 AM Eastern Standard Time
MIAMI--(BUSINESS WIRE)--Galloway Capital Partners, LLC (“Galloway Capital”) today announced that it has acquired a 6.01% stake in Noodles & Company (Nasdaq: NDLS) (“Noodles” or the “Company”). Galloway Capital believes that Noodles’ shares are materially undervalued and that management and the Board should take decisive steps to enhance shareholder value through accelerated asset sales, debt reduction, and the restoration of a sustainable capital structure.
Bruce Galloway, Founder and Chief Investment Officer of Galloway Capital, stated:
“Central to our proposal is the sale of approximately 200 company-owned restaurants, a move that could generate roughly $60 million in proceeds. These funds would allow the Company to retire most of its high-cost debt, which would lower interest expense and improve cash flow as earnings per share.”
Galloway continued, “This is a proven playbook and mirrors our successful turnaround investment in Regis Corporation (Nasdaq: RGS), where the equity value improved dramatically after executing a similar deleveraging strategy driven by our activist involvement. With the right steps, Noodles can remove perceived bankruptcy risk, strengthen its balance sheet, and position the equity for substantial appreciation—as we have seen in comparable situations.
“Noodles is at a decisive turning point,” Galloway added. “Management has been proactive and transparent in evaluating all strategic options, and the financial rationale behind a balance-sheet reset and targeted asset sales is compelling. Our focus is on partnering constructively with management to drive performance and unlock shareholder value.”
About Galloway Capital Partners, LLC
Galloway Capital Partners, LLC is an investment firm focused on identifying undervalued publicly traded companies with significant upside potential. The firm targets deep-value opportunities supported by catalysts that can unlock substantial shareholder value.
For more information, please visit www.gallowaycap.com or contact Bruce Galloway at bgalloway@gallowaycap.com.
View source version at Noodles & Company
Papa Johns Completes Strategic Refranchising and New Restaurant Development Agreement with Franchisee Chris Patel of Pie Investments
November 25, 2025 5:31 pm EST
Patel, who announced plans to open an additional 52 new restaurants by 2030, will assume ownership and operation of 85 restaurants previously operated by Colonel’s Limited, LLC
ATLANTA--(BUSINESS WIRE)-- Papa John’s International, Inc. (Nasdaq: PZZA) (“Papa Johns®”) (the “Company”) today announced that it has refranchised restaurants previously owned and operated by Colonel’s Limited, LLC, a joint venture between Papa Johns and Steeplechase Express, Inc. Pie Investments, led by Chris Patel, a leading franchisee operator and now one of Papa Johns largest domestic franchise partners, has assumed control of 85 Papa Johns restaurants in the Washington, D.C. and Baltimore markets. Through a joint venture with Papa Johns, the restaurants were previously owned and operated by Colonel’s Limited, LLC, led by William Freitas, one of Papa Johns longest-standing franchisee partners, who is retiring. Papa Johns and Pie Investments also announced plans to open 52 additional new restaurants by 2030 to expand Papa Johns footprint across the Greater Philadelphia, Washington, D.C. and Baltimore markets.
The strategic refranchising follows a period of growth for Patel and Pie Investments, who operate Papa Johns restaurants across the Northeast. With this refranchising, Pie Investments now operates more than 150 Papa Johns restaurants, furthering Pie Investments’ goal of owning 250 restaurants by 2030.
“Chris Patel’s growth mindset and entrepreneurial spirit are exactly the qualities Papa Johns is looking to emphasize among our franchisees as we work to be the best pizza makers in the business,” said Ravi Thanawala, Chief Financial Officer and President, North America at Papa Johns. “Chris has built a team of leaders passionate about pizza, and his impressive record in acquiring restaurants and improving their profitability is well known across the Papa Johns system.”
“Papa Johns well-known commitment to quality continues to make the brand an attractive investment for entrepreneurs,” said Chris Patel, COO and equal partner of Pie Investments. “Papa Johns leadership is empowering franchisees to drive success, with tools to elevate our operations and enhance our customer experience. We’re looking forward to continued growth with Papa Johns and bringing the brand promise of Better Ingredients. Better Pizza. to new groups of pizza lovers.”
Colonel’s Limited, LLC, led by William Freitas and his family, opened its first Papa Johns restaurant in 1993, and helped grow Papa Johns into the world’s third-largest pizza delivery company. The franchisee was one of the first pizza restaurant owners to embrace digital channels, enabling Papa Johns to become the first major pizza chain to offer online ordering.
“Bill Freitas and his team at Colonel’s Limited will be remembered as pioneers among those like Chris Patel who are following in their footsteps,” Thanawala said.
About Papa Johns
Papa John’s International, Inc. (Nasdaq: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA.® Papa Johns believes that using high-quality ingredients leads to superior quality pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world’s third-largest pizza delivery company with approximately 6,000 restaurants in approximately 50 countries and territories. For more information about the company or to order pizza online, visit www.PapaJohns.com or download the Papa Johns mobile app for iOS or Android.
About Pie Investments
Pie Investments Management LLC now owns and operates more than 150 Papa Johns restaurants across six states, making it one of the system’s fastest-growing franchise platforms. The company is committed to building high-performing teams, elevating the guest experience, and driving operational excellence throughout its portfolio. Pie Investments continues to invest in people, technology, and store-level operations to support disciplined, long-term growth within the Papa Johns system. With a performance-driven culture and a strong commitment to its communities, the company partners closely with its employees, brand leadership, and local neighborhoods to deliver exceptional results for guests and stakeholders alike.
View source version at Papa Johns
US Foods and Performance Food Group Terminate Information Sharing Process
Nov 24, 2025 6:00 AM Eastern Standard Time
US Foods Announces Planned $250 Million Accelerated Share Repurchase Agreement and New $1 Billion Share Repurchase Authorization
Reaffirms Fiscal 2025 Outlook and 2025 to 2027 Long-range Plan
ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD) (“US Foods”) today announced that the Company and Performance Food Group (NYSE: PFGC) (“PFG”) have terminated the previously-announced information sharing process by mutual agreement and will no longer pursue a potential combination. US Foods also reiterates its Fiscal 2025 Outlook and 2025 to 2027 Long-range Plan and announces a planned $250 million accelerated share repurchase (ASR) agreement under its current authorization. In addition, the Board of Directors approved a new $1 billion share repurchase authorization.
“We have completed our thorough analysis, including synergies and regulatory considerations, of the potential benefits of a combination with PFG. While we are pleased to have engaged in this exploratory process together, our Board of Directors and the Executive Leadership Team have determined that it is in the best interest of US Foods and its shareholders to terminate discussions regarding a potential combination,” stated Dave Flitman, CEO of US Foods. “We have concluded that our best path to long-term value creation is executing our Long-range Plan, including our disciplined capital allocation framework.”
Mr. Flitman continued, “From the very beginning of this process, we have been clear about our ability to deliver on our growth algorithm as a standalone company. Our team’s execution and unwavering commitment to customer success have driven consistent above-market top and bottom line growth, and we remain firmly positioned to achieve our Long-range Plan. The planned $250 million ASR agreement and the new $1 billion share repurchase authorization announced today underscore our focus on creating long-term shareholder value, the confidence we have in our future, and the acceleration of our operating cash flow.”
Reaffirms Fiscal 2025 Outlook and 2025 to 2027 Long-range Plan1
US Foods reaffirms its previously announced outlook for Fiscal Year 2025, as provided on November 6, 2025, and its 2025 to 2027 Long-range Plan growth algorithm1 of 5% Net Sales Compound Annual Growth Rate (CAGR), 10% Adjusted EBITDA CAGR, at least 20 basis points of annual Adjusted EBITDA margin expansion and 20% Adjusted Diluted EPS CAGR.
Share Repurchase
The Company announces that it intends to enter into an accelerated share repurchase (ASR) agreement for an aggregate of $250 million of the Company's common stock, as part of its previously authorized share repurchase program. In addition, the Board of Directors has approved a new $1 billion share repurchase program.
About US Foods
With a promise to help its customers Make It, US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 customer locations to help their businesses succeed. With more than 70 broadline locations and more than 90 cash and carry stores, US Foods and its 30,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. Visit www.usfoods.com to learn more.
View source version at US Foods and Performance Food Group
California Pizza Kitchen to be sold to investor group, report says
A group led by Consortium Brand Partners is set to acquire the casual-dining pizza chain for less than $300 million, Reuters reported.
By Joe Guszkowski on Nov. 21, 2025
The chain has about 130 U.S. restaurants. | Photo: Shutterstock
California Pizza Kitchen has reportedly agreed to sell itself.
A group of investors led by Consortium Brand Partners has a deal to acquire the casual-dining pizza chain for “under $300 million,” Reuters reported Friday, citing sources familiar with the matter.
New York-based Consortium owns consumer brands such as activewear company Outdoor Voices and Draper James, Reese Witherspoon’s lifestyle brand. CPK would appear to be its first restaurant investment.
The buyer group also includes Eldridge Industries, which owns restaurant chains Le Pain Quotidien and Little Beet under its Convive Brands division. Investment bank Piper Sandler ran the sale process, per Reuters.
Costa Mesa, California-based California Pizza Kitchen is known for its inventive pizzas such as the popular BBQ Chicken Pizza. It has been owned by its lenders since filing for bankruptcy in 2020 and was previously owned by Golden Gate Capital, which bought it in 2011 for $470 million.
The chain has struggled in recent years. Systemwide U.S. sales declined 12.3% last year, to $406 million, and 17 locations closed, according to Technomic data. It finished 2024 with 198 restaurants, 131 of which were in the U.S.
Late last year, it began franchising in the U.S. for the first time in an effort to jump-start growth. It hoped to add 75 locations over the next five years.
According to Reuters, the company’s value has tilted toward its retail line of frozen pizzas and salad dressings rather than its restaurants.
Neither the chain nor Consortium had responded to a request for comment as of publication time Friday.
If sold, California Pizza Kitchen would become just the latest restaurant brand to change hands amid a flurry of M&A activity. Over the past month, Denny’s, Del Taco, Potbelly, Topgolf, Tijuana Flats, Iron Hill Brewery and HopCat have all been sold, while other large companies, such as Pizza Hut and MTY Food Group, are on the market.
View source version at California Pizza Kitchen
Jack in the Box Inc. Reports Fourth Quarter and Full-Year 2025 Earnings
Nov 19, 2025 4:05 PM Eastern Standard Time
Jack in the Box same-store sales of (7.4%) in Q4 2025, (4.2%) for FY 2025
Del Taco same-store sales of (3.9%) in Q4 2025, (3.7%) for FY 2025
Diluted earnings per share of $0.30 and Operating EPS of $0.30
SAN DIEGO--(BUSINESS WIRE)--Jack in the Box Inc. (NASDAQ: JACK) announced financial results for the Jack in the Box and Del Taco segments in the fourth quarter, ended September 28, 2025.
“While performance in the fourth quarter did not meet our expectations, we remain focused on restoring positive momentum for the Jack in the Box brand,” said Lance Tucker, Jack in the Box Chief Executive Officer. “As we enter our 75th anniversary, we're working hard to give our guests more compelling reasons to choose Jack in the Box by getting back to basics with our Jack's Way operations and marketing initiatives that leverage our iconic brand equities. As we work with urgency to strengthen our operating results over the coming quarters, I am optimistic that the improvements to our everyday execution combined with the structural changes from our Jack on Track plan will quickly lead to much improved results and increased shareholder value.”
Jack in the Box Performance
Same-store sales decreased 7.4% in the fourth quarter of 2025, comprised of a decrease in company-operated same-store sales of 5.3% and a decrease in franchise same-store sales of 7.6%. Sales performance was driven by a decrease in transactions and unfavorable menu mix, which was partially offset by menu price increases. Systemwide sales(1) for the fourth quarter decreased 7.2%.
Restaurant-Level Margin(2), a non-GAAP measure, was 16.1% for the fourth quarter, a decrease from 18.5% in the prior year quarter. Restaurant-Level Margin(2) includes inefficiencies associated with entry into the Chicago market, where the company opened 8 restaurants within the quarter, which the company expects to normalize as the market matures. The decrease was further driven by transaction declines and inflationary increases in commodities, partially offset by menu price increases and a reversal of additional FUTA taxes in California.
Franchise-Level Margin(2), a non-GAAP measure, was 38.9% for the fourth quarter, a decrease from 40.4% a year ago. The decrease was driven primarily by lower franchise same-store sales and rolling over the benefit of franchise lease termination income in the prior year, partially offset by early termination fees due to closures as part of the closure program.
Jack in the Box opened 15 new restaurants, and closed 47 restaurants during the fourth quarter. Of these, 38 of the 47 closures were part of the “JACK on Track” block restaurant closure program. For fiscal year 2025, Jack in the Box opened 31 new restaurants, and closed 86 restaurants.
View full version at Jack in the Box
MTY Food Group considering full, partial sale
Published Nov. 18, 2025
Julie Littman Senior Reporter
Dive Brief:
MTY Food Group said on Monday that its board of directors initiated a strategic review of its operations and engaged a financial advisor to “identify, review and evaluate potential strategic alternatives,” the company said in a press statement.
The company, which owns a wide range of brands with more than 7,000 total locations, said it is exploring various options, including a sale of all or part of its business and is continuing its current business plan. However, there are no assurances that any sale will occur, the company said, adding that it won’t make any further comments unless when appropriate or required by law.
Selling any of its brands would mark a significant shift in MTY’s strategy; the company has been a major acquirer of brands, expanding its portfolio in recent years with buyouts of Wetzel’s Pretzels, BBQ Holdings and Papa Murphy’s.
Dive Insight:
One brand that it may consider selling is Papa Murphy’s, which has struggled in recent quarters.
Papa Murphy’s has closed a number of underperforming locations over the past year, allowing it to concentrate resources to support markets and stores with strong growth and guest engagement, MTY CEO and President Eric Lefebvre said during an October earnings call. Recent openings have tended to perform well, as it focuses on markets with growth potential. For example, a recent opening in Deer Park, Washington, generated sales over twice the brand’s average unit volume.
MTY also reworked Papa Murphy’s loyalty program to make it simpler and more transparent. It moved away from a points-for-dollars model to one that gives customers 10 points for every full-size pizza purchased.
MTY’s sales during the third quarter were stable at $1.5 billion, but same-store sales did not hit the level management expected, Lefebvre said.
Canadian same-store sales were flat during the quarter. U.S. same-store sales declined, according to its earnings report, but Cold Stone, SweetFrog and Village Inn performed well during the third quarter, Lefebvre said. Street-based concepts did well, including breakfast and sushi brands, but they were offset by a 2.5% decline in sales at mall-based locations, he added.
The company’s fourth quarter will likely be a mixed bag as well.
“We’ve seen continued volatility in the U.S., similar to the trends experienced so far in 2025, while our Canadian operations are showing signs of improvement across most of our banners,” Lefebvre said. “Although this reflects just one month of the quarter, it reinforces the importance of our diverse portfolio as we navigate these market dynamics.”
View source version at MTY Food Group
Topgolf Callaway Brands Announces an Agreement to Sell a Majority Stake in its Topgolf Business to Leonard Green & Partners
November 18, 2025 at 6:30 AM EST
Leonard Green to acquire a 60% interest in Topgolf with Topgolf Callaway Brands retaining a 40% stake
Topgolf Callaway Brands to receive ~$770 million in net proceeds
CARLSBAD, Calif., Nov. 18, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands," "we," "our," "us") (NYSE: MODG) today announced that it has signed a definitive agreement to sell a 60% stake in its Topgolf and Toptracer business ("Topgolf") to private equity funds managed by Leonard Green & Partners, L.P. ("LGP"). The transaction values Topgolf at approximately $1.1 billion. In connection with this sale and its related financing transactions, Topgolf Callaway Brands expects to receive approximately $770 million in net proceeds (subject to purchase price adjustments).
"As we considered various alternatives to separate Topgolf, including a potential spin-off transaction, we received interest from a number of parties," commented Chip Brewer, President and Chief Executive Officer of Topgolf Callaway Brands. "After a robust process and a thorough evaluation of a range of alternatives, we believe this sale is the best outcome for our shareholders, as well as our employees and other stakeholders. This transaction is highly attractive in that it provides the Company with both significant proceeds and substantial upside in the continued growth of Topgolf."
"LGP is a leading private equity firm with a track record of success in investing in high-growth consumer companies and is an ideal partner for Topgolf in its next chapter," added Mr. Brewer. "I am proud of the Topgolf team and all the hard work that has gone into driving the business forward over the last five years. Today's announcement reflects the strength of the Topgolf business and its bright future, a future we continue to believe in and want to be part of. We look forward to partnering with LGP to further accelerate Topgolf's growth and financial success."
Mr. Brewer continued, "Importantly, this transaction supports our strategy of focusing on our leading Golf Equipment & Active Lifestyle platform. Post-transaction, our ongoing brand portfolio will consist of: Callaway, Odyssey, TravisMathew and Ogio. These businesses generated approximately $2 billion in revenue over the last twelve months through Q3 2025. Furthermore, after the closing of this transaction, the ongoing business will be well-capitalized, enabling us to continue to reinvest in our businesses, pay down debt and deliver a meaningful return of capital to shareholders via stock repurchases or other means. We will work with our board of directors to determine the specifics of this capital allocation strategy, as well as the optimal capital structure for our ongoing business."
Topgolf Callaway Brands expects the transaction, which was unanimously approved by its Board of Directors, to close in the first quarter of 2026. The transaction is subject to certain regulatory approvals and customary closing conditions, including the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act. The transaction is not subject to any financing conditions. LGP has obtained debt and equity commitments for the transaction.
Upon the closing of this transaction, the Company plans to change its name to Callaway Golf Company and update its ticker symbol to CALY. The Company's common stock will continue to trade on the New York Stock Exchange.
The Company's financial advisors are Goldman Sachs & Co. LLC and Centerview Partners with Latham & Watkins LLP serving as legal counsel.
Moelis & Company LLC is acting as financial advisor to LGP, with Ropes & Gray LLP serving as corporate legal counsel and Sidley Austin LLP serving as financing counsel.
ADDITIONAL INFORMATION AND DISCLOSURES
Conference Call and Webcast
The Company will be holding a conference call at 5:30 a.m. Pacific time today, November 18, 2025, to discuss today's announced agreement to sell a majority stake in the Topgolf business to Leonard Green & Partners. The call will be webcast live on our investor relations website. A link to our webcast can also be found here. A replay of the conference call will be available approximately two hours after the call ends. The replay may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com.
About Topgolf Callaway Brands
Topgolf Callaway Brands Corp. (NYSE: MODG) is an unrivaled tech-enabled Modern Golf and active lifestyle company delivering leading golf equipment, apparel, and entertainment, with a portfolio of global brands including Topgolf, Callaway Golf, TravisMathew, Toptracer, Odyssey, and OGIO. "Modern Golf" is the dynamic and inclusive ecosystem that includes both on-course and off-course golf. For more information, please visit https://www.topgolfcallawaybrands.com/.
About Leonard Green & Partners
Leonard Green & Partners, L.P. ("LGP") is a leading private equity investment firm founded in 1989 and based in Los Angeles with over $75 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has completed over 150 investments in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare and business services, as well as distribution and industrials. For more information, please visit www.leonardgreen.com.
View source version at Topgolf
Freddy’s operator declares bankruptcy
Published Nov. 17, 2025
Julie Littman Senior Reporter
Dive Brief:
M&M Custard, which operates 31 Freddy’s Frozen Custard & Steakburgers across six Midwest states, filed for Chapter 11 bankruptcy protection on Friday, according to court documents.
The franchisee, which is one of Freddy’s largest operators, listed about $5 million in assets and nearly $28 million in liabilities.
M&M Custard’s downfall began in August 2021 shortly after it began expanding into Chicago through an acquisition of three stores, Eric Cole, managing member of M&M Custard, said in a court filing. It ultimately grew to 11 locations in the market through openings and acquisitions, which proved to be a significant challenge.
Dive Insight:
Freddy’s management believed that Chicago was a viable market with “significant upside,” Cole wrote. However, after three years, these Chicago restaurants “struggled to gain sustainable traction, raising significant concerns about its long-term viability,” Cole wrote.
M&M Custard, which generates about $58.1 million in revenue, invested $1 million to acquire the existing Freddy’s locations in Chicago locations and secure exclusive territorial rights for future development.
The operator began developing aggressively and opened four highly visible locations to accelerate the brand’s awareness and presence in the market.
In 2024, M&M Custard’s business was divided into two different branches. Its legacy restaurants consist of 31 profitable, well-established stores that generated over $48 million in revenue. Cole said the Chicago business was a “toxic asset” that had negative EBITDA and was dragging down the rest of the company.
Last year, M&M Custard began a full divestiture of its Chicago portfolio, leading to the closure of 11 Freddy’s restaurants across the market and dropping unit count from 42 to its current 31.
“M&M Custard believes that without the drag from the Chicago stores, the business can be successfully reorganized,” Cole wrote.
Freddy’s said in a statement that the filing “is not a reflection of Freddy’s corporate stability or the performance of other franchisees.” The company added that “corporate is fully engaged and will do all that we can to ensure that the restaurants see little to no interruption while M&M works to complete their restructuring.”
More operators are seeking bankruptcy protections this year as rising costs and declines in sales and traffic take their toll. A 57-unit Burger King operator filed for Chapter 11 in April after facing dwindling foot traffic and revenue following the COVID-19 pandemic. A 22-unit Del Taco franchisee, Matadoor Restaurant Group, also went bankrupt in July after struggling with sales declines and increased operating costs.
M&M Custard’s bankruptcy comes over two months after Freddy’s was acquired by Rhône, a global private equity firm. Thompson Street Capital Partners previously owned the fast casual chain since 2021 when it had 400 units. The chain now has about 550 units and $1 billion in sales.
Freddy’s began expanding outside the U.S. earlier this year and opened its first international location in Winnipeg, Canada, in June. More locations are expected in that market in the next few years. The chain also plans to open 70 franchised locations this year across the U.S., meaning any closures occurring during M&M Custard’s bankruptcy are unlikely to have a significant impact on the franchisor’s total unit count.
Editor’s note: This article has been updated to include a statement from Freddy’s.
View source version at Freddy’s
Twin Hospitality Group to Acquire Eight Twin Peaks Franchise Locations in Florida
November 17, 2025
Strategic Acquisition Expected to Strengthen Balance Sheet Through Enhanced EBITDA Generation
DALLAS, Texas, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Twin Hospitality Group Inc. (“Twin Hospitality”) (Nasdaq: TWNP), the parent company of Twin Peaks and Smokey Bones, today announced it has entered into a letter of intent to acquire eight Twin Peaks franchised restaurants in Florida from DMD Ventures, LLC for approximately $47 million in cash. The strategic transaction represents an opportunistic investment in a key growth market even as the Company’s long-term focus remains on franchise driven expansion.
The acquisition will bring the following Florida locations to company ownership: Davie, Fort Myers, West Palm Beach, Pembroke Pines, Hollywood, Cypress Creek, Doral and Naples. Upon completion, the transaction is expected to contribute approximately $76-$77 million in annual revenue and $9-$10 million in additional annual EBITDA. The incremental EBITDA contribution is expected to help reduce leverage, further strengthening the Company’s balance sheet and financial flexibility.
"We are delighted to bring proven, high-performing franchise locations into our corporate portfolio," said Kim Boerema, CEO of Twin Hospitality Group. "These are some of our top performing restaurants, and Florida has consistently demonstrated strong performance as a key market for Twin Peaks.”
“The enhanced cash flow and increased EBITDA from these locations is expected to strengthen our balance sheet through deleveraging while enabling us to capitalize on incremental revenue and margin growth," added Andy Wiederhorn, Chairman of Twin Hospitality Group.
The transaction is expected to close in the first quarter of 2026, and is subject to completion of a definitive purchase agreement, financing and customary closing conditions.
For more information on Twin Hospitality Group, visit https://ir.twinpeaksrestaurant.com/.
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 26 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 45 locations, across 15 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 www.twinpeaksrestaurant.com.
View source version at Twin Hospitality
