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0 0 0 0.0174216027874564 0.010452961672474 0.0487804878048781 -0.0418118466898955 0
Stock impact report

The ONE Group Reports Fourth Quarter and Full Year 2024 Financial Results

The ONE Group Hospitality, Inc. (STKS) 
Last the one group hospitality, inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.togrp.com
Company Research Source: Business Wire
Quarterly and Annual Revenue Increased 146.7% and 102.3%, Respectively DENVER--(BUSINESS WIRE)--The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today reported its financial results for the fourth quarter and full year ended December 31, 2024.Highlights for the fourth quarter 2024 compared to the same quarter in 2023 are as follows (the prior year quarter excludes any contribution from the acquisition of Benihana Inc. which closed in May 2024):Total GAAP revenues increased 146.7% to $221.9 million from $89.9 million;Consolidated comparable sales* decreased 4.3%;Operating income increased 158.9% to $12.8 million from $4.9 million and includes $3.7 million in transition, transaction and integration expenses associated with the acquisition of Benihana and RA Sushi;Restaurant Operating Profit** increased 143.7% to $40.1 million from $16.5 million;GAAP net loss available to common stockholders was $5.4 million, or $0.18 net loss per share ($0.03 adjusted Show less Read more
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