One Group Hospitality Earnings Reports

The ONE Group reported a significant increase in revenue, driven by the acquisition of Benihana and RA Sushi, and implemented cost-saving measures.

The ONE Group reported a significant increase in total GAAP revenues, driven by the acquisition of Benihana and RA Sushi. However, comparable sales decreased, and the company reported a net loss available to common stockholders. Restaurant Operating Profit and Adjusted EBITDA increased substantially.

The ONE Group reported a 3.0% increase in total GAAP revenues to $85.0 million. However, comparable sales decreased by 7.9%. The company experienced a GAAP net loss attributable to The ONE Group of $2.1 million, or $0.07 net loss per share. Restaurant Operating Profit increased by 2.0% to $13.2 million, while Adjusted EBITDA decreased by 3.6% to $10.5 million.

The ONE Group reported a 1.8% increase in total GAAP revenues to $89.9 million and an 11.3% increase in adjusted EBITDA to $14.5 million for the fourth quarter of 2023. The company opened four new restaurants during the quarter and provided financial targets for 2024.

The ONE Group reported a 5.3% increase in total GAAP revenues to $76.9 million, but experienced a net loss of $3.1 million, or $0.10 per share. Consolidated comparable sales decreased by 3.0%. The company opened new Kona Grill and STK locations and is focused on cost initiatives and expansion.

The ONE Group reported a 2.8% increase in total GAAP revenues, reaching $83.4 million. However, consolidated comparable sales decreased by 4.7%. GAAP net income was $0.6 million, or $0.02 per share, while Adjusted EBITDA was $8.5 million. The company opened a new Kona Grill in Riverton, Utah, and is planning further expansion with eight to twelve new venues in 2023.

The ONE Group reported an 11.3% increase in total GAAP revenues, reaching $82.6 million, and reaffirmed its 2023 targets, including opening eight to twelve new venues.

The ONE Group reported a 5.0% increase in total GAAP revenues to $88.3 million for the fourth quarter of 2022, compared to $84.1 million in the same period of 2021. GAAP net income attributable to The ONE Group was $5.1 million, or $0.15 per share.

The ONE Group reported a slight increase in total GAAP revenues, driven by owned restaurant net revenues, particularly from the new STK San Francisco location. However, net income and adjusted EBITDA decreased due to higher operating costs and pre-opening expenses.

The ONE Group reported a 14.6% increase in total GAAP revenues to $81.1 million compared to the same period in 2021. The company delivered $4.3 million in net income, with consolidated comparable sales increasing by 12.8% compared to 2021 and 53.5% compared to pre-pandemic 2019.

The ONE Group reported a strong first quarter with a 46.9% increase in total GAAP revenues, reaching $74.2 million, and a 65.5% increase in Adjusted EBITDA to $10.8 million. Consolidated comparable sales increased by 45.1% compared to 2021 and net income attributable to The ONE Group was $3.7 million, or $0.11 per share.

The ONE Group reported an 86.8% increase in total GAAP revenues to $84.1 million for the fourth quarter of 2021, with GAAP net income attributable to The ONE Group Hospitality, Inc. at $5.8 million, or $0.17 per share. Adjusted EBITDA increased to $13.3 million.

The ONE Group Hospitality, Inc. reported an 81.6% increase in total GAAP revenues to $71.9 million, a GAAP net income of $11.7 million, or $0.34 per share, and an adjusted EBITDA increase to $10.0 million.

The ONE Group Hospitality, Inc. reported a strong second quarter with a 324.6% increase in total GAAP revenues to $70.8 million compared to the same period last year. GAAP net income attributable to The ONE Group was $13.8 million, or $0.41 net income per share ($0.19 adjusted net income per share), compared to a GAAP net loss of $2.9 million, or $0.10 net loss per share ($0.08 adjusted net loss per share) last year. Adjusted EBITDA increased to a quarterly record of $12.9 million.

The ONE Group reported a 24% increase in total GAAP revenues to $50.5 million and a net income of $70,000, a significant improvement from the net loss of $4.6 million in the same quarter last year. Comparable sales increased by 3.3%, and adjusted EBITDA rose by 312% to $6.5 million.

The ONE Group reported a decrease in total GAAP revenues by 13.8% to $45.0 million for the fourth quarter of 2020 compared to $52.2 million in the fourth quarter of 2019. This decrease was primarily due to the effects of the COVID-19 pandemic, including occupancy limitations. Despite the revenue decrease, the Restaurant Operating Profit increased to $7.0 million, or 16.0% of company-owned restaurant net revenues.

The ONE Group reported a 79% increase in total GAAP revenues to $39.6 million, driven by the acquisition of Kona Grill. The company also reported positive operating income and sequential improvement in comparable sales trends.

The ONE Group Hospitality reported a decrease in total GAAP revenues by 29.4% to $16.7 million compared to $23.6 million in the same period last year. GAAP net loss attributable to The ONE Group was $2.9 million, or $0.10 net loss per share, compared to GAAP net loss of $0.3 million, or $0.01 net loss per share. Adjusted EBITDA decreased to ($0.8) million compared to $2.1 million.

The ONE Group reported a 78.8% increase in total GAAP revenues to $40.7 million, driven by the acquisition of Kona Grill. However, consolidated comparable sales decreased by 14.1%, and the company experienced a GAAP net loss of $4.6 million, or $0.16 net loss per share, impacted by COVID-19 and integration costs. Adjusted EBITDA decreased 41.4% to $1.6 million.