Revenue Performance - Total revenue increased by $2.4 million, or 3.0%, to $85.0 million for the three months ended March 31, 2024, compared to $82.6 million for the same period in 2023[99]. - Total owned restaurant net revenue was $81.5 million for Q1 2024, compared to $78.6 million for Q1 2023[103]. - Owned restaurant net revenue increased by $2.9 million, or 3.7%, to $81.5 million for the three months ended March 31, 2024, compared to $78.6 million for the same period in 2023[114]. Sales Performance - Same-store sales decreased by 7.9% in Q1 2024, with STK same-store sales down 6.8% and Kona Grill down 9.7%[99]. - Comparable restaurant sales decreased by 7.9% in Q1 2024 compared to Q1 2023[114]. - Management and license fee revenues decreased by $0.5 million, or 12.3%, to $3.5 million for Q1 2024 from $4.0 million in Q1 2023[115]. Profitability - Restaurant operating profit increased by $0.3 million, or 2.0%, to $13.2 million, representing 16.1% of owned restaurant net revenue[100]. - Operating income decreased by $4.9 million to an operating loss of $0.6 million for Q1 2024, primarily due to higher depreciation and preopening costs[101]. - Net loss attributable to The ONE Group Hospitality, Inc. was $2.1 million for Q1 2024, compared to net income of $2.6 million in Q1 2023[103]. Expenses - General and administrative expenses were $7.5 million for Q1 2024, slightly up from $7.5 million in Q1 2023[103]. - Owned restaurant operating expenses increased by $2.8 million to $49.6 million, with operating costs as a percentage of owned restaurant net revenue increasing from 59.6% to 60.9%[117]. - Depreciation and amortization expenses increased to $5.3 million in Q1 2024 from $3.7 million in Q1 2023, primarily due to new venue openings[119]. - Pre-opening expenses for Q1 2024 were $2.9 million, up from $1.3 million in Q1 2023[120]. Debt and Financing - The company entered into a credit agreement providing a $350.0 million senior secured term loan facility and a $40.0 million revolving credit facility[97]. - Interest expense increased to $2.1 million in Q1 2024 from $1.8 million in Q1 2023, with a weighted average interest rate of 12.3%[125]. - The company may borrow on its revolving credit facility or issue equity to support ongoing business and fund additional expansion[128]. Cash Flow and Investments - Net cash provided by operating activities increased to $10.4 million for the three months ended March 31, 2024, from $6.6 million in the same period of 2023[140]. - Net cash used in investing activities was $15.8 million for the three months ended March 31, 2024, compared to $11.9 million for the same period in 2023[141]. - Capital expenditures for the three months ended March 31, 2024, were $15.8 million, with $14.1 million allocated to the opening of five new restaurants[129]. Future Plans - The company plans to open six to eight new STK or Kona Grill venues in 2024[88]. - The company expects to receive between $2.2 million and $2.8 million in landlord contributions in the next three months[129]. - The company limits the number of owned venues under construction to four restaurants to manage cash requirements[134]. Financial Position - As of March 31, 2024, the company had cash and cash equivalents of $15.4 million and long-term debt of $73.5 million[128]. - General and administrative costs were $7.5 million for both Q1 2024 and Q1 2023, with a slight decrease in percentage from 9.1% to 8.9%[118]. - Net cash used in financing activities was $0.2 million for the three months ended March 31, 2024, compared to $1.1 million in the same period of 2023[142].

Exhibit 99.1 The ONE Group Reports First Quarter 2024 Financial Results Grows Revenue 3.0% and Opens STK Washington DC During the Quarter Completed Acquisition of Saf lower Holdings Corp., the Owner of Benihana Inc. on May 1st Updates 2024 Targets to Include Acquisition Denver, CO – (BUSINESS WIRE) – May 7, 2024 – The ONE Group Hospitality, Inc. ("The ONE Group" or the "Company") (Nasdaq: STKS) today reported its financial results for the first quarter ended March 31, 2024. Highlights for the first quarter ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-37379 The ONE Group Hospitality, Inc. (Exact name of registrant as specified in its charter) Delaware 14-1961545 (State or other jurisdiction of inc ...

Exhibit 99.1 The ONE Group Reports Fourth Quarter 2023 and Full Year 2023 Financial Results Grows Revenue and Adjusted EBITDA in the Quarter Opens Four Restaurants in the Quarter; Introduces 2024 Targets and Authorizes Additional Share Repurchase Denver, CO – (BUSINESS WIRE) – March 14, 2024 – The ONE Group Hospitality, Inc. ("The ONE Group" or the "Company") (Nasdaq: STKS) today reported its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Result ...

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Tyler Loy - Chief Financial Officer Manny Hilario - President & Chief Executive Officer Conference Call Participants Joshua Long - Stephens Nick Setyan - Wedbush Securities Mark Smith - Lake Street Capital Operator Greetings, and welcome to The ONE Group Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answe ...

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, 2023 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, INC. Securities registered pursuant to Section 12(b) of the Act: | Title ...

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Q2 2023 Earnings Conference Call August 3, 2023 4:30 PM ET Company Participants Tyler Loy - CFO Emanuel Hilario - President and CEO Conference Call Participants Joshua Long - Stephens Nick Setyan - Wedbush Securities Mark Smith - Lake Street Capital JP Willem - ROTH David Kanen - Kanen Wealth Management Operator Greetings, and welcome to the ONE Group Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being r ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 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, INC. | (Exact name of registrant as specified in its charter) | | | --- | --- | | Delaware | 14-1961545 | | (State or other jurisdiction of incorporation or | | | organization) | (I.R.S. Em ...

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Q1 2023 Earnings Conference Call May 4, 2023 4:30 PM ET Company Participants Tyler Loy - Chief Financial Officer Emanuel Hilario - President and Chief Executive Officer Conference Call Participants Tyler Prause - Stephens Inc. Nick Setyan - Wedbush Securities Inc. Mark Smith - Lake Street Capital Markets LLC Roger Lipton - Lipton Financial Services Inc. Jake Patterson - Talanta Investment Group Inc. Operator Greetings, and welcome to The ONE Group First Quarter ...

Table of Contents Commission File Number 001-37379 THE ONE GROUP HOSPITALITY, INC. | (Exact name of registrant as specified in its charter) | | | --- | --- | | Delaware | 14-1961545 | | (State or other jurisdiction of incorporation or | | | organization) | (I.R.S. Employer Identification No.) | | 1624 Market Street, Suite 311, Denver, Colorado | 80202 | | (Address of principal executive offices) | Zip Code | 646-624-2400 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mar ...