secwatch.observer — SEC 8-K summary
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Issuer:     ONE Group Hospitality, Inc. (STKS)
CIK:        0001399520
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001558370-23-013200
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1399520/000155837023013200/0001558370-23-013200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1399520/000155837023013200/stks-20230803x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-013200

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