ONE Group Hospitality (STKS) Misses Q1 EPS by 1c
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The ONE Group Announces First Quarter 2016 Results
May 16, 2016 4:06 PM EDTNEW YORK--(BUSINESS WIRE)-- The ONE Group Hospitality, Inc. (The ONE Group) (NASDAQ: STKS), today announced its financial results for the first quarter ended March 31, 2016.
Highlights for the first quarter ended March 31, 2016 were as follows:
The first quarter marked our eighth consecutive quarter of double digit revenue growth; Owned unit net revenues increased 47.9% to $14.4 million; Total GAAP revenue increased 39.2% to $16.4 million; Total food and beverage sales at owned and managed units* increased 17.2% to $35.2 million;... More