ONE Group Hospitality (STKS) Misses Q1 EPS by 17c, Revenues Beat; Comp. Sales Down 14.1%

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Go back to ONE Group Hospitality (STKS) Misses Q1 EPS by 17c, Revenues Beat; Comp. Sales Down 14.1%

The ONE Group Reports First Quarter 2020 Results

May 11, 2020 8:00 AM EDT

Provides Update on Impact of COVID-19
Sixteen Restaurant Dining Rooms Expected to Be Re-Opened by the End of Day May 11

DENVER--(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, 2020 and provided an update related to COVID-19.

Highlights for the first quarter ended March 31, 2020 compared to the same period last year are as follows:

Total GAAP revenues increased 78.8% to $40.7 million from $22.8 million; Consolidated comparable sales* decreased... More