The ONE Group reports Q3 net loss of $3.1M; same-store sales down 3% YoY

ONE Group Hospitality, Inc.

2023-Q3 EPS reported -$0.10 revenue$242,833,000

GAAP revenues up 5.3% to $76.9M; net loss $3.1M ($0.10 EPS) vs net income $0.5M ($0.01 EPS) in Q3 2022.
Same-store sales down 3.0% overall; STK -5.5%, Kona Grill +1.1% vs 2022; up 41.7% vs 2019.
Adjusted EBITDA fell 13.3% to $6.2M; Restaurant Operating Profit margin down to 12.3% from 13.1%.
Completed $15M share repurchase program, repurchased 2.2M shares for $14.8M through Oct 2023.
FY 2023 guidance: total revenues $335-345M, Adjusted EBITDA $40-45M, 8 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 third quarter ended September 30, 2023 results: revenue $76.9 million, net income GAAP net loss attributable to The ONE Group was $3.1 million, or $0.10 per share ($0.08 adjusted net loss per share), EPS $0.10 per share.

Period: the third quarter ended September 30, 2023
Revenue: $76.9 million
Net income: GAAP net loss attributable to The ONE Group was $3.1 million, or $0.10 per share ($0.08 adjusted net loss per share)
EPS: $0.10 per share
Result: reported results

Exact text from the filing

for the third quarter ended September 30, 2023. Highlights for the third quarter compared to the same quarter in 2022 are as follows: ● Total GAAP revenues increased 5.3% to $76.9 million from $73.0 million; ● Consolidated comparable sales* decreased 3.0% and increased 41.7% compared to 2019; ● GAAP net loss attributable to The ONE Group was $3.1 million, or $0.10

View on SEC.gov

Browse all earnings releases →

ONE Group Hospitality, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-017992

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.