ONE Group Hospitality (STKS) Reports Q4 Revenues Miss

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Go back to ONE Group Hospitality (STKS) Reports Q4 Revenues Miss

The ONE Group Reports Fourth Quarter and Full Year 2020 Sales Results

March 16, 2021 4:05 PM EDT

Comparable Sales Trends Continue to Improve as Indoor Dining Capacity Increases

DENVER--(BUSINESS WIRE)-- The ONE Group Hospitality, Inc. (The ONE Group or the Company) (Nasdaq: STKS) today reported its sales results for the fourth quarter and full year ended December 31, 2020 and provided an update related to COVID-19.

Sales highlights for the fourth quarter ended December 31, 2020 compared to the same period last year are as follows.

Total revenues decreased 13.8% to $45.0 million from $52.2 million. Consolidated comparable sales* decreased 14.8%: Comparable sales increased 4.2% in October,... More