ONE Group Hospitality (STKS) Misses Q1 EPS by 1c, Revenues Beat, Domestic SSS Up 8.6%; Offers FY19 Revenue Guidance
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The ONE Group Hospitality, Inc. Reports First Quarter 2019 Results
May 9, 2019 4:05 PM EDTDomestic Same Store Sales Increases 8.6%
GAAP Income from Operations of $1.1 million / Adjusted EBITDA Increases 50%
Reiterates 2019 Financial Targets
NEW YORK--(BUSINESS WIRE)-- The ONE Group Hospitality, Inc. (The ONE Group or the Company) (Nasdaq: STKS) today reported its financial results for the first quarter ended March 31, 2019 and reiterated its 2019 financial targets.
Highlights for the first quarter ended March 31, 2019 compared to the same period last year were as follows:
Total GAAP revenues increased 16.7% to $22.8 million from $19.5 million; Domestic same store sales*... More