secwatch.observer — SEC 8-K summary
======================================

Issuer:     ONE Group Hospitality, Inc. (STKS)
CIK:        0001399520
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001558370-22-012183
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1399520/000155837022012183/0001558370-22-012183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1399520/000155837022012183/stks-20220804x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-012183

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer