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. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
- The ONE Group Hospitality, Inc. (NASDAQ: STKS) had its price target lowered by analysts at Wedbush from $5.00 to $3.50. They now have a "neutral" rating on the stock.MarketBeat
- ONE Group Hospitality (NASDAQ:STKS) Will Want To Turn Around Its Return Trends [Yahoo! Finance]Yahoo! Finance
- The One Group Hospitality Inc (STKS) Q3 2024 Earnings Call Highlights: Record Revenue Surge ... [Yahoo! Finance]Yahoo! Finance
- The ONE Group (NASDAQ:STKS) Misses Q3 Revenue Estimates, Stock Drops 19.7% [Yahoo! Finance]Yahoo! Finance
STKS
Earnings
- 11/7/24 - Miss
STKS
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form SCHEDULE
- 11/7/24 - Form 10-Q
- STKS's page on the SEC website