ONE Group Hospitality (STKS) Tops Q2 EPS by 10c, Revenues Beat

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Go back to ONE Group Hospitality (STKS) Tops Q2 EPS by 10c, Revenues Beat

The ONE Group Reports Second Quarter 2020 Results

August 12, 2020 4:05 PM EDT

Provides Update on Impact of COVID-19
34 of 36 Domestic Restaurants Have Resumed In-Person Dining; 6 of 8 International STKs Have Resumed In-Person Dining

DENVER--(BUSINESS WIRE)-- The ONE Group Hospitality, Inc. (The ONE Group or the Company) (Nasdaq: STKS) today reported its financial results for the second quarter ended June 30, 2020 and provided an update related to COVID-19.

Highlights for the second quarter ended June 30, 2020 compared to the same period last year are as follows:

Total GAAP revenues decreased 29.4% to $16.7 million from $23.6 million; Consolidated comparable sales* decreased... More