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Dec 31, 2021
One Group Hospitality Q4 2021 Earnings Report
Reported record quarterly and annual revenues and adjusted EBITDA.
Key Takeaways
The ONE Group reported an 86.8% increase in total GAAP revenues to $84.1 million for the fourth quarter of 2021, with GAAP net income attributable to The ONE Group Hospitality, Inc. at $5.8 million, or $0.17 per share. Adjusted EBITDA increased to $13.3 million.
Total GAAP revenues increased 86.8% to $84.1 million.
GAAP net income attributable to The ONE Group was $5.8 million, or $0.17 net income per share ($0.24 adjusted net income per share).
Restaurant Operating Profit increased 440 basis points to 20.4% of Owned Restaurant Net Revenue.
Adjusted EBITDA increased 220.6% to $13.3 million.
Forward Guidance
The Company is increasing its revenue target and reiterating its G&A target for the first quarter 2022.
Positive Outlook
- Total GAAP revenues of approximately $69.0 million to $70.2 million
- Owned restaurant net revenue of $66.0 million to $67.0 million
- Management, license and incentive fee revenue of $3.0 million to $3.2 million
- Total G&A of approximately $6.5 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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