The ONE Group Reports Third Quarter 2024 Financial Results
The ONE Group Hospitality, Inc. (STKS)
Last the one group hospitality, inc. earnings: 3/26 04:05 pm
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US:NASDAQ Investor Relations:
ir.togrp.com
Company Research
Source: Business Wire
Increased Revenue by 152% to $194 Million Supported by Effective Cost ManagementImplemented $19 Million in Annual Savings to be Realized Over Next Year, Total of $20 Million Over Next Two YearsFocused on Next Phase of Company-Owned Growth and Asset Light DevelopmentPrioritizing Free Cash Flow Generation, Balance Sheet Flexibility, and Maximizing Shareholder Returns DENVER--(BUSINESS WIRE)--The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) today reported its financial results for the third quarter ended September 30, 2024.Highlights for the third 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 152.3% to $194.0 million from $76.9 million;Comparable sales* decreased 8.8%;Operating loss was $3.0 million vs. $2.0 million and includes $7.1 million in transition, transaction and integration expenses
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News
- The ONE Group Hospitality, Inc. (NASDAQ: STKS) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $6.00 price target on the stock.MarketBeat
- Several Insiders Invested In ONE Group Hospitality Flagging Positive News [Yahoo! Finance]Yahoo! Finance
- ONE Group opens 30th STK Steakhouse location [Yahoo! Finance]Yahoo! Finance
- The ONE Group Hospitality, Inc. Opens New STK Niagara Falls Location [Yahoo! Finance]Yahoo! Finance
- The ONE Group Hospitality, Inc. Opens New STK Niagara Falls Location [Yahoo! Finance Canada]Yahoo! Finance Canada
STKS
Earnings
- 11/7/24 - Miss
STKS
Sec Filings
- 11/21/24 - Form 4
- 11/14/24 - Form 4
- 11/14/24 - Form SCHEDULE
- STKS's page on the SEC website