The ONE Group Hospitality(US:STKS)2025-03-10 20:16Revenue Performance - Total GAAP revenues for Q4 2024 are expected to be approximately $221.0 million, representing a 145% increase from $89.9 million in Q4 2023[5] - Total GAAP revenues for the full year 2024 are expected to be approximately $672.0 million, reflecting a 102% increase from $332.8 million in 2023[5] Comparable Sales - Comparable sales for Q4 2024 are expected to have decreased approximately 4.3% compared to the same quarter last year[5] - Comparable sales for the full year 2024 are expected to have decreased approximately 6.8% compared to the previous year[5] Expansion Plans - The company opened five new Company-owned restaurants in 2024, including a Salt Water Social and one managed STK[6] - The company plans to open five to six Company-owned locations annually, focusing on asset-light development of managed and licensed restaurants[3] Revenue Composition - Benihana comprises approximately 55% of total revenue, while STK accounts for 25% and Grill Concepts for approximately 20%[15] Strategic Focus - The company is focused on free cash flow generation, balance sheet flexibility, and maximizing shareholder returns[3] - The integration of Benihana and RA Sushi is progressing well, with cost savings being realized[2] - The company participated in the 27th Annual ICR Conference to discuss its performance and future outlook[8]