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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.
Revenue by Segment
Forward Guidance
The company intends to open thirteen new venues between 2021 and 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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