secwatch.observer — SEC 8-K summary
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Issuer:     ONE Group Hospitality, Inc. (STKS)
CIK:        0001399520
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001558370-23-008125
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1399520/000155837023008125/0001558370-23-008125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1399520/000155837023008125/stks-20230504x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-008125

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