earnings
confidence high
sentiment positive
materiality 0.75
STKS Q1 revenue $74.2M (+47% YoY), adj. EBITDA $10.8M (+66%)
ONE Group Hospitality, Inc.
2022-Q1 EPS reported
$0.11
revenue$74,181,000
- GAAP net income $3.7M ($0.11 EPS) vs $70K in Q1 2021; adjusted EPS $0.15.
- Consolidated comparable sales +45.1% vs 2021 and +45.3% vs 2019.
- Restaurant operating profit $13.0M (18.5% of owned revenues); adj. EBITDA $10.8M.
- Q2 2022 guidance: total revenues $76.5-79.0M; owned restaurant revenue $73-75M.
- At least nine new venues planned in 2022, including two STK and three Kona Grill.