ONE Group Q2: revenue $83.4M (+2.8%), net income $0.6M vs $4.1M, comp sales -4.7%

ONE Group Hospitality, Inc.

2023-Q2 EPS reported $0.10 revenue$165,949,000

GAAP net income $0.6M ($0.02/sh) vs $4.1M ($0.13); adjusted EPS $0.06 vs $0.15.
Total revenue $83.4M (+2.8%); owned restaurant net revenue $79.9M (+3.9%).
Comp sales -4.7% YoY (STK -6.8%, Kona -1.5%); vs. 2019 +46.5%.
Adj. EBITDA $8.5M (-17.6%); Restaurant Operating Profit $11.9M (-6.6%).
FY2023 guidance: revenue $350M-$365M, adj. EBITDA $45M-$50M; 8-12 new venues.

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 the second quarter ended June 30, 2023 results: revenue $83.4 million, net income $0.6 million, or $0.02 per share.

Period: the second quarter ended June 30, 2023
Revenue: $83.4 million
Net income: $0.6 million, or $0.02 per share
Result: reported results

Exact text from the filing

for the second quarter ended June 30, 2023. Highlights for the second quarter compared to the same period in 2022 are as follows: ● Total GAAP revenues increased 2.8% to $83.4 million from $81.1 million; ● Consolidated comparable sales* decreased 4.7% and increased 46.5% compared to 2019; ● GAAP net income attributable to The ONE Group was $0.6 million, or

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Source: SEC EDGAR

accession 0001558370-23-013200

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