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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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