Business
The ONE Group Reports First Quarter 2025 Financial Results
DENVER, May 07, 2025--The ONE Group Hospitality, Inc. ("The ONE Group" or the "Company") (Nasdaq: STKS) today reported its financial results for the first quarter ended March 30, 2025.
About this update from The One Group Hospitality, Inc.
[{"type":"text","content":"Revenues Increased 148.4% to $211.1 MillionBenihana Same Store Sales Increased 0.7% and STK Transactions Increased 4.1%","length":120,"tagName":"p","attribs":{}},{"type":"text","content":"DENVER, May 07, 2025--(BUSINESS WIRE)--The ONE Group Hospitality, Inc. ("The ONE Group" or the "Company") (Nasdaq: STKS) today reported its financial results for the first quarter ended March 30, 2025.","length":221,"tagName":"p"},{"type":"text","content":"Highlights for the first quarter 2025 compared to the same quarter in 2024 are as follows (the prior year quarter excludes any contribution from the acquisition of Benihana Inc. which closed in May 2024):","length":204,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total GAAP revenues increased 148.4% to $211.1 million from $85.0 million;","length":74,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Consolidated comparable sales* decreased 3.2%;","length":46,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Operating income increased $11.3 million to $10.7 million from an operating loss of $0.6 million;","length":97,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Restaurant EBITDA** increased 162.7% to $34.0 million from $12.9 million;","length":73,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP net loss available to common stockholders was $6.6 million, or $0.21 net loss per share ($0.14 adjusted net income per share)***, compared to GAAP net loss available to common stockholders of $2.1 million, or $0.07 net loss per share ($0.02 adjusted net loss per share)***","length":277,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA**** attributable to The ONE Group Hospitality, Inc. increased 233% to $25.2 million from $7.6 million.","length":118,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":685,"olType":false},{"type":"text","content":""We were pleased that revenues, comparable sales and adjusted EBITDA reached or exceeded the higher end of our guided ranges. These accomplishments were driven by another quarter of sequential improvement in our comparable sales trend, positive comparable sales at our Benihana restaurants and strong positive transaction growth of 4.1% at our flagship STK brand. Notably, adjusted EBITDA grew 23...