ONE Group Hospitality (STKS) Misses Q1 EPS by 1c, Revenues Beat

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Go back to ONE Group Hospitality (STKS) Misses Q1 EPS by 1c, Revenues Beat

The ONE Group Reports First Quarter 2018 Results

May 15, 2018 4:34 PM EDT

Comparable sales for owned and managed US STK restaurants increased 7.3%

NEW YORK--(BUSINESS WIRE)-- The ONE Group Hospitality, Inc. (The ONE Group or the Company) (NASDAQ: STKS), today reported financial results for the first quarter ended March 31, 2018.

Highlights for the first quarter ended March 31, 2018 were as follows:

Total GAAP revenue was $19.5 million compared to $20.4 million in the same period last year; Comparable sales* globally increased 6.6% compared to the same period last year. Domestic comparable sales for STK restaurants rose 7.3% and international comparable sales rose... More