{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-007042","form_type":"8-K","ticker":"STKS","cik":"0001399520","company_name":"ONE Group Hospitality, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.242111+00:00","generated_at":"2026-06-02T17:20:00.399652+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"The ONE Group reports Q1 net loss of $2.1M; completes $365M Benihana acquisition","bullets":["Q1 revenue $85.0M (+3% YoY); comparable sales down 7.9%; GAAP net loss $2.1M vs prior year net income $2.5M.","Completed acquisition of Benihana owner Safflower Holdings for $365M cash, financed with $390M term loan and $160M preferred equity.","Benihana expected to add >$500M annual revenue and ~$70M run-rate EBITDA before $20M synergies.","Updated 2024 guidance includes Benihana: total GAAP revenue $700M-$740M, adjusted EBITDA $95M-$100M.","Board authorized $5M share repurchase program; no shares bought in Q1 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-007042","json":"https://secwatch.observer/filing/0001558370-24-007042.json","markdown":"https://secwatch.observer/filing/0001558370-24-007042.md","text":"https://secwatch.observer/filing/0001558370-24-007042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1399520/000155837024007042/0001558370-24-007042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1399520/000155837024007042/stks-20240507x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T17:20:00.399652+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2c9c5a275b71be16cb616f57fff25312ddc5c369","claim":"ONE Group Hospitality, Inc. reported first quarter ended March 31, 2024 results: revenue $85.0 million, net income $2.1 million, EPS $0.07 net loss per share.","evidence_excerpt":"● Total GAAP revenues increased 3.0% to $85.0 million from $82.6 million; ● Comparable sales* decreased 7.9%; ● GAAP net loss attributable to The ONE Group was $2.1 million, or $0.07 net loss per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1399520/000155837024007042/0001558370-24-007042-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$85.0 million"},{"label":"Net income","value":"$2.1 million"},{"label":"EPS","value":"$0.07 net loss per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}