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The ONE Group Hospitality(STKS) - 2024 Q4 - Annual Results
2025-03-10 20:16
Exhibit 99.1 The ONE Group Reports Preliminary Fourth Quarter and Full Year 2024 Sales Results Revenues Expected to Increase 145% to $221.0 Million for the Fourth Quarter Participating at the 27th Annual ICR Conference Beginning with a Fireside Chat at 11:00 AM ET Today · Total GAAP revenues are expected to be approximately $221.0 million, an approximate 145% increase from $89.9 million for the same quarter last year; and · Comparable sales* are expected to have decreased approximately 4.3% · Total GAAP rev ...
The ONE Group Hospitality: Reiterating Buy As Market Continues To Overlook Post-Acquisition Strength
Seeking Alpha· 2025-01-31 00:27
Back in September last year, I initiated coverage on The ONE Group Hospitality, Inc. (NASDAQ: STKS ), giving it a buy rating. My thesis revolved around the company's strong potential as it capitalized on its innovative capabilitiesI specialize in analyzing individual stocks. With a strong educational background in both finance and economics, I’ve developed a deep fascination with the stock market and the potential it offers to investors at all levels. I keep a close watch on market trends, particularly in t ...
Is the Options Market Predicting a Spike in The ONE Group Hospitality (STKS) Stock?
ZACKS· 2025-01-06 16:56
Company Overview - The ONE Group Hospitality, Inc. (STKS) is experiencing significant attention from investors due to high implied volatility in its options market, particularly the Mar 21, 2025 $07.50 Call option [1] - The company currently holds a Zacks Rank of 5 (Strong Sell) within the Retail-Restaurants industry, which is positioned in the bottom 37% of the Zacks Industry Rank [3] Analyst Sentiment - Over the past 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised their estimate downward, leading to a decrease in the Zacks Consensus Estimate from 30 cents per share to 12 cents per share [3] Options Market Dynamics - The high implied volatility suggests that options traders are anticipating a significant price movement for The ONE Group Hospitality's shares, which could indicate an upcoming event that may lead to a substantial rally or sell-off [2][4] - Options traders often seek to capitalize on high implied volatility by selling premium, aiming for the underlying stock to not move as much as initially expected by expiration [4]
The ONE Group Hospitality: Nothing Lasts Forever, Not Even The Fall Of Comps
Seeking Alpha· 2024-12-05 14:36
If you think fast food is the only place to suffer from tight checks and declining traffic, you need to take a closer look at theI'm an Equity Analyst and Accountant specializing in restaurant stocks, with a strong foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverage spans multiple segments, including QSR, f ...
The ONE Group Hospitality(STKS) - 2024 Q3 - Earnings Call Transcript
2024-11-09 14:56
The ONE Group Hospitality, Inc. (NASDAQ:STKS) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Tyler Loy - Chief Financial Officer Emanuel Hilario - President and Chief Executive Officer Conference Call Participants Mark Smith - Lake Street Capital Markets James Salera - Stephens Inc. Nick Setyan - Wedbush Securities Inc. Operator Greetings, and welcome to The ONE Group Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instr ...
The ONE Group Hospitality(STKS) - 2024 Q3 - Quarterly Report
2024-11-07 21:41
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37379 | --- | --- | --- | |---------------------------------------------------------------------------|--- ...
The ONE Group Hospitality(STKS) - 2024 Q3 - Quarterly Results
2024-11-07 21:38
Revenue Performance - Total GAAP revenues increased 152.3% to $194.0 million from $76.9 million[1] - Total revenues for the nine months ended September 30, 2024, reached $451,464, up from $242,833 in the prior year, indicating a growth of approximately 86%[6] - The company reported GAAP revenues of $193,975,000 for the three months ended September 30, 2024, compared to $76,884,000 for the same period in 2023[10] - Management, license, franchise, and incentive fee revenue for the three months ended September 30, 2024, was $3,388,000, compared to $3,184,000 for the same period in 2023[10] Profitability Metrics - Restaurant Operating Profit increased 175.6% to $25.1 million from $9.1 million[1] - Adjusted EBITDA for the three months ended September 30, 2024, was $14,803,000, compared to $3,023,000 for the same period in 2023, indicating a substantial improvement in financial performance[12] - Restaurant Operating Profit for the nine months ended September 30, 2024, was $68,181 million, up from $33,919 million in 2023, representing a significant increase[16] - STK restaurant operating profit for the three months ended September 30, 2024, was $6,547 million, with a profit margin of 14.6%[17] - Benihana restaurant operating profit for the three months ended September 30, 2024, was $17,708 million, with a profit margin of 17.0%[17] Costs and Expenses - Total costs and expenses for the three months ended September 30, 2024, were $196,995, compared to $78,839 in the same period last year, reflecting an increase of 150%[6] - General and administrative expenses for the three months ended September 30, 2024, were $12,785 million, compared to $7,280 million in 2023, showing an increase in operational costs[16] - General and administrative expenses as a percentage of total revenues decreased to 6.6% for the three months ended September 30, 2024, from 9.5% in the prior year[7] - Transaction and exit costs for the nine months ended September 30, 2024, totaled $9,199 million, indicating significant restructuring expenses[19] - Transition and integration expenses for the three months ended September 30, 2024, were $6,274 million, reflecting ongoing integration efforts[19] Financial Position - Cash and short-term credit card receivables at the end of the quarter totaled $36.2 million, with $34.1 million available under the revolving credit facility[2] - Total current assets increased to $63,472 as of September 30, 2024, from $46,680 at December 31, 2023, showing a growth of approximately 36%[8] - Total liabilities rose to $753,928 as of September 30, 2024, compared to $249,885 at December 31, 2023, indicating a significant increase of about 202%[8] - Cash and cash equivalents increased to $28,185 as of September 30, 2024, from $21,047 at December 31, 2023, representing a growth of approximately 34%[8] Guidance and Future Plans - 2024 total GAAP revenue guidance set at $660 to $680 million[3] - Consolidated Adjusted EBITDA guidance for 2024 is $71 to $76 million[4] - Company plans to open five to six Company-owned locations annually while focusing on asset-light development[1] - The integration of Benihana and RA Sushi is progressing well, with synergies expected to enhance margins[1] - Company closed four RA Sushi locations in October to optimize the restaurant portfolio[2] Losses and Adjustments - The net loss attributable to The ONE Group Hospitality, Inc. for the three months ended September 30, 2024, was $(8,890), compared to a net loss of $(3,098) for the same period in 2023[6] - The company reported an operating loss of $(3,020) for the three months ended September 30, 2024, compared to an operating income of $4,368 for the same period in 2023[6] - Adjusted net loss income available to common stockholders for the three months ended September 30, 2024, was $(9,383) million, compared to $(2,977) million in 2023[19] - Adjusted net income per share for the three months ended September 30, 2024, was $(0.30), compared to $(0.09) in 2023, indicating a decline in profitability per share[19] Sales Performance - Comparable sales decreased 8.8%[1] - Same Store Sales for US STK Owned Restaurants decreased by 11.4% in Q1 2024 compared to Q1 2023, while US STK Managed Restaurants saw a decrease of 8.6% in the same period[11] - Total food and beverage sales at owned and managed units reached $222,869,000 for the three months ended September 30, 2024, compared to $102,213,000 for the same period in 2023, representing a significant increase[10] - For the nine months ended September 30, 2024, total food and beverage sales at owned and managed units were $533,592,000, up from $321,421,000 for the same period in 2023[10]
Why The ONE Group Hospitality's Bold Bet On Benihana Could Pay Off Big
Seeking Alpha· 2024-09-05 01:24
vichie81/iStock via Getty Images The One Group Hospitality Inc. (NASDAQ:STKS) is leading the way in high-energy and experiential-oriented fine dining. Its recent acquisition of the famed Benihana brand is already putting the company on the early innings of an epic transformation. I believe these exceptional gains have not been fully priced into this promising stock. Introducing One Group One Group Hospitality is an international restaurant company that owns and operates some of the most premium and high-qua ...
The ONE Group Hospitality(STKS) - 2024 Q2 - Earnings Call Transcript
2024-08-10 16:20
The ONE Group Hospitality, Inc. (NASDAQ:STKS) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Tyler Loy - Chief Financial Officer Emanuel Hilario - President & Chief Executive Officer Conference Call Participants James Salera - Stephens Inc. Mark Smith - Lake Street Capital Michael Symington - Wedbush Securities Roger Lipton - Lipton Financial Services Operator Greetings, and welcome to the ONE Group Second Quarter 2021 Earnings Conference Call. At this time, all participants ...
The ONE Group Hospitality, Inc. (STKS) Beats Q2 Earnings Estimates
ZACKS· 2024-08-06 23:40
The ONE Group Hospitality, Inc. (STKS) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced a loss of $0.02, delivering a surprise of -200%. Over the last four quarter ...