ONE Group Hospitality (STKS) Misses Q3 EPS by 15c

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The ONE Group Announces Third Quarter 2015 Results

November 16, 2015 4:06 PM EST

NEW YORK--(BUSINESS WIRE)-- The ONE Group Hospitality, Inc. (The ONE Group) (NASDAQ: STKS), today announced its financial results for the third quarter ended September 30, 2015.

Highlights for the third quarter ended September 30, 2015 were as follows:

The third quarter marked our sixth consecutive quarter of double digit revenue growth; Owned unit net revenues increased 27.5% to $13.3 million; Total GAAP revenue increased 23.1% to $15.3 million; Total food and beverage sales at owned and managed units* increased 9.5% to $36.3 million;... More