---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017992"
form_type: "8-K"
ticker: "STKS"
cik: "0001399520"
company_name: "ONE Group Hospitality, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:19:33.547804+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-017992
- form_type: 8-K
- ticker: STKS
- cik: 0001399520
- company_name: ONE Group Hospitality, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1399520/000155837023017992/0001558370-23-017992-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1399520/000155837023017992/stks-20231107x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017992
- JSON: https://secwatch.observer/filing/0001558370-23-017992.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017992.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1399520/000155837023017992/0001558370-23-017992-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.