Loading...
•
Mar 31, 2020
One Group Hospitality Q1 2020 Earnings Report
Reported financial results with a decrease in consolidated comparable sales and a net loss due to COVID-19 impact and integration costs.
Key Takeaways
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.
Total GAAP revenues increased 78.8% to $40.7 million.
Consolidated comparable sales decreased 14.1%.
GAAP net loss attributable to The ONE Group was $4.6 million, or $0.16 net loss per share.
Adjusted EBITDA decreased 41.4% to $1.6 million.
One Group Hospitality
One Group Hospitality
One Group Hospitality Revenue by Segment
Revenue by Segment
Owned Restaurant Net Revenue
CapyFin.comManagement, License, and Incentive Fee Revenue
CapyFin.com Forward Guidance
The Company suspended guidance for 2020 due to the negative effect COVID-19 is having on its operations and financial performance, the extent of which is not currently known.
Revenue & Expenses
Visualization of income flow from segment revenue to net income