One Group Q1 revenue +11.3% to $82.6M; GAAP EPS $0.08 vs $0.11 YoY

ONE Group Hospitality, Inc.

2023-Q1 EPS reported $0.08 revenue$82,556,000

Total GAAP revenues $82.6M (+11.3% YoY); comparable sales +1.6%.
GAAP net income $2.6M ($0.08 EPS) vs $3.7M ($0.11 EPS); adjusted EPS $0.10.
Adjusted EBITDA $10.9M (+1.0%); Restaurant Operating Profit $12.9M (-1.1%).
Reaffirmed FY2023 guidance: revenue $360M-$380M, EBITDA $50M-$54M, 8-12 venues.
Opened Kona Grill Columbus and STK Scottsdale rooftop; 5 restaurants under construction.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ONE Group Hospitality, Inc. reported first quarter ended March 31, 2023 results: revenue $82.6 million, net income $2.6 million, EPS $0.08 per share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $82.6 million
Net income: $2.6 million
EPS: $0.08 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

● Total GAAP revenues increased 11.3% to $82.6 million from $74.2 million; ● Comparable sales* increased 1.6%; ● GAAP net income attributable to The ONE Group was $2.6 million, or $0.08 per share ($0.10 adjusted net income per share)****, compared to GAAP net income of $3.7 million, or $0.11 per share ($0.15 adjusted net income per share)****

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Source: SEC EDGAR

accession 0001558370-23-008125

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