One Group Hospitality reports Q2 adjusted EPS 8c, consensus 7c

Reports Q2 revenue $172.5M, consensus $178.34M. Comparable sales decreased 7.0%. “We are pleased to be building lasting relationships with our guests through unforgettable VIBE dining experiences while generating industry leading AUVs. Notably, the cost-saving initiatives we put in place last year coupled with our strong new restaurant performance drove restaurant level profit and restaurant level margin to increase at Kona Grill and stay relatively flat at STK, despite the challenging same store sales environment.”