One Group Hospitality Q2 2021 Earnings Report
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.
One Group Hospitality
One Group Hospitality
One Group Hospitality Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income