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Jun 30, 2021
One Group Hospitality Q2 2021 Earnings Report
The ONE Group reported record quarterly revenue and significant sales increase compared to both 2020 and 2019.
Key Takeaways
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.
Total GAAP revenues increased 324.6% to $70.8 million from $16.7 million.
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 GAAP net loss of $2.9 million, or $0.10 net loss per share ($0.08 adjusted net loss per share).
Adjusted EBITDA increased to $12.9 million, a quarterly record, from a loss of $0.8 million.
Consolidated comparable sales increased 38.0% for the quarter.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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