---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-014885"
form_type: "8-K"
ticker: "STKS"
cik: "0001399520"
company_name: "ONE Group Hospitality, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:24:02.062839+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ONE Group Q3 revenue up 152% to $194M; comparable sales down 8.8%, operating loss $3.0M

## Summary
- GAAP revenue $194.0M (+152.3% YoY); comparable sales declined 8.8%.
- Operating loss of $3.0M vs $2.0M a year ago, includes $7.1M in transition expenses.
- Restaurant operating profit $25.1M (+175.6%); margin improved 90 bps to 13.2%.
- Updated 2024 revenue guidance $660-$680M; run-rate Adj. EBITDA $111-$116M.
- Closed 4 RA Sushi locations; expect $19M in annual cost savings over next year.

## SEC filing metadata
- accession: 0001558370-24-014885
- form_type: 8-K
- ticker: STKS
- cik: 0001399520
- company_name: ONE Group Hospitality, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1399520/000155837024014885/0001558370-24-014885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1399520/000155837024014885/stks-20241107x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-014885
- JSON: https://secwatch.observer/filing/0001558370-24-014885.json
- Plain text: https://secwatch.observer/filing/0001558370-24-014885.txt

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