The ONE Group reports preliminary Q4 2024 revenue ~$221.0M, up 145% YoY; comparable sales down 4.3%

ONE Group Hospitality, Inc.

2024-FY EPS reported -$1.12 revenue$673,344,000

Q4 total GAAP revenue expected ~$221.0M, up 145% from $89.9M in prior year (excludes Benihana).
Q4 comparable sales decreased approximately 4.3% year-over-year.
Full year revenue expected ~$672.0M, up 102% from $332.8M; comparable sales down 6.8%.
Opened 5 new company-owned restaurants and 1 managed STK in 2024.
CEO highlights improved sales trends at STK and Benihana; plans 5-6 company-owned units annually.

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