ONE Group Hospitality (STKS) Reports Q3 Revenues Beat

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Go back to ONE Group Hospitality (STKS) Reports Q3 Revenues Beat

The ONE Group Hospitality, Inc. Reports Third Quarter 2018 Results

November 12, 2018 4:05 PM EST

Domestic Comparable Sales for STK Restaurants Rose 6.9%

Updates 2018 Financial Targets, Introduces Preliminary 2019 Financial Targets

NEW YORK--(BUSINESS WIRE)-- The ONE Group Hospitality, Inc. (The ONE Group or the Company) (NASDAQ: STKS), today reported unaudited financial results for the third quarter ended September 30, 2018.

Highlights for the Third Quarter ended September 30, 2018:

Total GAAP revenue increased 12.1% to $20.0 million compared to $17.8 million in the same period last year; Domestic comparable sales* at owned and managed STK restaurants rose 6.9%, consisting of a 7.7% increase in domestic... More