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Sep 30, 2021
One Group Hospitality Q3 2021 Earnings Report
The company reported all-time record quarterly revenues and significant comparable sales increases compared to both 2020 and 2019.
Key Takeaways
The ONE Group Hospitality, Inc. reported an 81.6% increase in total GAAP revenues to $71.9 million, a GAAP net income of $11.7 million, or $0.34 per share, and an adjusted EBITDA increase to $10.0 million.
Total GAAP revenues increased 81.6% to $71.9 million, a quarterly record.
GAAP net income attributable to The ONE Group was $11.7 million, or $0.34 net income per share ($0.11 adjusted net income per share).
Adjusted EBITDA increased to $10.0 million from $4.7 million.
Consolidated comparable sales increased 44.7% 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 STK and F&B venues in 2021 and 2022 and three to five Kona Grill locations in 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income