ONE Group Q2 revenue up 14.6% to $81.1M; net income drops to $4.3M from $13.8M YoY

ONE Group Hospitality, Inc.

2022-Q2 EPS reported $0.23 revenue$155,306,000

GAAP net income $4.3M ($0.13 EPS) vs $13.8M ($0.41 EPS) in Q2 2021; adjusted EPS $0.15 vs $0.19.
Consolidated comparable sales +12.8% vs 2021 and +53.5% vs 2019; STK comps +19.8%, Kona Grill +3.7%.
Restaurant Operating Profit fell 16.7% to $12.8M (16.6% of owned revenue) due to wage & product cost inflation.
Adjusted EBITDA down 19.6% to $10.4M; cash $24.4M, term loan $24.5M, undrawn revolver $10.6M.
Pipeline strongest in history; nine new venues expected in H2 2022, including 2 owned STKs and 3 owned Kona Grills.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.