earnings
confidence high
sentiment neutral
materiality 0.70
ONE Group reports record FY2022 revenue $316.6M; net income down to $13.5M; guides 2023 revenue $360M-$380M
ONE Group Hospitality, Inc.
- Q4 total revenue $88.3M (+5.0% YoY); comparable sales -3.1% vs 2021; GAAP EPS $0.15 vs $0.17.
- FY2022 GAAP net income $13.5M ($0.40/share) vs $31.3M ($0.93); adjusted net income $0.55/share.
- Adjusted EBITDA FY2022 $41.3M (-3.4%); Q4 $13.0M (-2.0%).
- 2023 guidance: revenue $360M-$380M; Adj. EBITDA $50M-$54M; 8-12 new venues planned.
- New $50M delayed draw term loan drawn in Dec 2022; $7.1M share buyback executed in 2022.