FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Twin
Peaks Restaurant and 16 other restaurant concepts, is pleased to
announce another strong year for Twin Peaks. The leading sports
lodge concept generated strong growth throughout 2022 in addition
to landing top spots on several prestigious awards lists.
In total, the banner year saw Twin Peaks open
nine new lodges, while also signing four new area development
agreements (ADAs) to add 26 future lodges in the United States and
one ADA in Mexico for an additional 32 lodges. These agreements are
expected to allow the brand to surpass the monumental
100-restaurant milestone by spring of 2023.
“We’re proud of the work our teams put in to
ensure that Twin Peaks stays at the forefront of the sports bar
segment and the restaurant industry as a whole,” said CEO Joe
Hummel, who was named one of the most influential restaurant CEOs
by Nation’s Restaurant News in 2022.
Twin Peaks began 2022 with the opening of its
third lodge in Mexico City and now has four locations south of the
border. The brand enters 2023 with 95 locations across the United
States and Mexico with an anticipated 18-20 additional restaurants
opening in 2023 in Chattanooga, Tennessee; Greenwood, Indiana; Deer
Valley, Arizona; Columbus, Ohio; Springfield, Missouri; as well as
Daytona Beach and Jacksonville, Florida to begin the year.
The brand signed several domestic ADAs to expand
its footprint, including eight locations across North Carolina with
Music City Consulting, four locations in the Ohio River Valley with
JEB Food Group and three restaurants in the Pittsburgh area with
the Falcons Group. Twin Peaks also secured an agreement with Dos
Montes Corp. to add seven locations in Chicago and its largest
international ADA to date with its subsidiary, Operadora 2 Montes,
for 32 lodges in Mexico.
Twin Peaks also scored a number of industry
honors. It placed seventh in Nation’s Restaurant News’ “Top 10
Biggest Sports Bars” and ranked 107th among the publication’s “Top
500 Restaurant Chains.” Twin Peaks also earned additional
recognition by being named to Entrepreneur’s “Top 500” list, Black
Box’s “Top 5 Restaurant Brands,” and Restaurant Business’ “Top 500”
list for 2022.
In addition to these accolades, Twin Peaks
continues to level up the sports bar’s menu. Twin Peaks amplified
its scratch-made kitchen in 2022 with new artisan Flatbreads,
Crispy Mini Beef Tacos, a variety of Street Tacos made with
in-house smoked meats, a hand-cut choice New York Strip Steak, and
specially crafted dessert and shot pairings.
Twin Peaks wrapped up its banner year by joining
several partners in local fundraising initiatives. From serving
meals to those affected by Hurricane Ian in Florida to fundraising
efforts to raise $10,000 for Warriors for Freedom in Oklahoma to
various local toy drives and gifting Christmas trees to military
families throughout the holidays, Twin Peaks staff gave its time
and effort to help support those in need throughout the communities
in which it operates.
Capping off the year was Twin Peaks’ partnership
with two national nonprofit organizations. Twin Peaks supported the
ALS Foundation with a systemwide campaign to raise $15,000 for the
organization and hosted the Twin Peaks Annual Hero’s Golf
Tournament that raised $100,000 for its military foundation, Tunnel
to Towers.
As Twin Peaks looks forward to surpassing the
100-restaurant milestone, the award-winning brand also has more big
things in store for 2023 with continued unit growth, exciting
marketing promotions for Super Bowl Sunday and March Madness, and a
focus on the continued evolution of its sports bar fare with the
launch of its new craft cocktails and spirits menu. Guests can also
expect an expansion of its premium barrel selects that include
refined choices like Angel’s Envy and Stagg Jr. bourbon and Corazon
Resposado Buffalo Trace tequila to go along with reimagined
cocktails and a fresh batch of quality spirits.
For more information on Twin Peaks, visit
twinpeaksrestaurant.com.
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
17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab
Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, 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 over 2,300 units
worldwide.
About Twin Peaks
Founded in 2005 in the Dallas suburb of
Lewisville, Twin Peaks now has nearly 100 locations in the US and
Mexico. Twin Peaks is the ultimate sports lodge featuring
made-from-scratch food and the coldest beer in the business
surrounded by scenic views and the latest in high-definition TVs.
At every Twin Peaks, guests are immediately welcomed by a friendly
Twin Peaks Girl and served up a menu made for MVPs. From its
smashed and seared to order burgers to its in-house smoked brisket,
pork and wings, guests can expect menu items capable of satisfying
every appetite. To learn more about franchise opportunities, visit
twinpeaksfranchise.com. For more information, visit
twinpeaksrestaurant.com.
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 timing and
performance of new store openings and growth in same-store sales.
Forward-looking statements reflect expectations of management
concerning the future and are subject to significant business,
economic and competitive risks, uncertainties and contingencies,
including but not limited to uncertainties surrounding the
severity, duration and effects of the COVID-19 pandemic. These
factors are difficult to predict and beyond our control, and could
cause our actual results to differ materially from those expressed
or implied in such forward-looking statements. We refer you to the
documents that are filed from time to time by FAT Brands Inc. with
the Securities and Exchange Commission, such as its reports on Form
10-K, Form 10-Q and Form 8-K, for a discussion of these and other
factors. We undertake no obligation to update any forward-looking
statement to reflect events or circumstances occurring after the
date of this press release.
MEDIA
CONTACT: Erin Mandzik,
FAT Brandsemandzik@fatbrands.com860-212-6509
# # #
FAT Brands (NASDAQ:FATBP)
Historical Stock Chart
From Sep 2024 to Oct 2024
FAT Brands (NASDAQ:FATBP)
Historical Stock Chart
From Oct 2023 to Oct 2024