The ONE Group Hospitality(STKS) - 2024 Q3 - Quarterly Results

Exhibit 99.1 The ONE Group Reports Third Quarter 2024 Financial Results Increased Revenue by 152% to $194 Million Supported by Ef ective Cost Management Implemented $19 Million in Annual Savings to be Realized Over Next Year, Total of $20 Million Over Next Two Years Focused on Next Phase of Company-Owned Growth and Asset Light Development Prioritizing Free Cash Flow Generation, Balance Sheet Flexibility, and Maximizing Shareholder Returns Denver, CO – (BUSINESS WIRE) – November 7, 2024 – The ONE Group Hospi ...