•
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
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