ONE Group Hospitality (STKS) Reports Q4 Loss of $0.08/Share
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The ONE Group Announces Fourth Quarter and Fiscal Year 2016 Results
March 30, 2017 4:08 PM EDTNEW YORK--(BUSINESS WIRE)-- The ONE Group Hospitality, Inc. (The ONE Group) (NASDAQ: STKS) today announced its financial results for the fourth quarter and full year ended December 31, 2016.
Highlights for the fourth quarter ended December 31, 2016 were as follows:
The fourth quarter marked our eleventh consecutive quarter of revenue growth; Owned unit net revenues increased 7.0% to $18.0 million; Management and incentive fee revenue increased 35.2% to $2.4 million; Total GAAP revenue increased 9.7% to $20.4 million; Total food and... More