Loading...
•
Mar 31, 2021
One Group Hospitality Q1 2021 Earnings Report
The ONE Group's financial performance improved in Q1 2021 with increased revenues and a return to profitability.
Key Takeaways
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.
Total GAAP revenues increased by 24.0% to $50.5 million.
Net income attributable to The ONE Group was $70,000, or $0.00 per share, compared to a net loss of $4.6 million, or $0.16 per share, in the prior year.
Adjusted EBITDA increased by 312% to $6.5 million.
Consolidated comparable sales increased 3.3% for the quarter.
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 intends to open thirteen new venues between 2021 and 2022.