The ONE Group Hospitality, Inc. Reports Second Quarter 2019 Results
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ONE Group Hospitality (STKS) Misses Q2 EPS by 6c, Revenues Beat; Raises FY19 Revenue Guidance Above Consensus
August 8, 2019 4:53 PM EDTONE Group Hospitality (NASDAQ: STKS) reported Q2 EPS of ($0.01), $0.06 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $23.6 million versus the consensus estimate of $22.56 million.
Total GAAP revenues increased 16.2% to $23.6 million from $20.3 million;Domestic same store sales* for STK restaurants rose 6.4%;GAAP net loss attributable to The ONE Group was $(322,000) or $(0.01) net loss per share which includes $589,000 of costs associated with the closing of the Companys new credit facility and registration of shares issuable under the Companys 2019 Equity Incentive Plan, compared to GAAP net income of... More