ONE Group Hospitality (STKS) Misses Q2 EPS Expectations
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The ONE Group Announces Second Quarter 2016 Results
August 15, 2016 4:05 PM EDTNEW YORK--(BUSINESS WIRE)-- The ONE Group Hospitality, Inc. (The ONE Group) (NASDAQ: STKS), today announced its financial results for the second quarter ended June 30, 2016.
Highlights for the second quarter ended June 30, 2016 were as follows:
The second quarter marked our ninth consecutive quarter of double digit revenue growth; Owned unit net revenues increased 19.6% to $15.3 million; Total GAAP revenue increased 15.6% to $17.2 million; Total food and beverage sales at owned and managed units* increased 4.8% to $38.4 million;... More