ONE Group Hospitality (STKS) Misses Q1 EPS by 3c, Misses on Revenue; Offers FY24 Guidance

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The ONE Group Reports First Quarter 2024 Financial Results

May 7, 2024 4:05 PM EDT

Grows Revenue 3.0% and Opens STK Washington DC During the Quarter

Completed Acquisition of Safflower Holdings Corp., the Owner of Benihana Inc. on May 1st

Updates 2024 Targets to Include Acquisition

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, 2024.

Highlights for the first quarter compared to the same quarter in 2023 are as follows:

Total GAAP revenues increased 3.0% to $85.0 million... More