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The ONE Group Hospitality Inc (STKS)
NASDAQ:STKS
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.03Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2018
|% Change Since: -2.55%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth and successful integration of acquisitions, supported by strong liquidity and strategic expansion plans. However, there were challenges related to decreased comparable sales, increased operating expenses, and a higher net loss. The overall sentiment is cautiously optimistic, with a focus on leveraging synergies and expanding customer loyalty programs.Company Guidance
In the third quarter of 2024, The ONE Group reported significant growth in its financial performance, largely driven by its acquisition of Benihana and RA Sushi. The company achieved a record revenue of $194 million, a 152% increase compared to the previous year, and improved its restaurant operating profit by 90 basis points, reaching a robust margin of 17% at Benihana. Despite a decrease in comparable sales by 8.8%, The ONE Group implemented $10 million in annualized run-rate synergies, contributing positively to Benihana's margins. The company ended the quarter with over $70 million in liquidity, including cash, short-term credit receivables, and undrawn revolver availability. Looking forward, The ONE Group projects 2024 GAAP revenues between $660 million and $680 million, with adjusted EBITDA between $71 million and $76 million, aiming for continued growth and integration success.Record Revenue Growth
Revenues increased by $117 million or 152% to a record $194 million, partly due to the acquisition of Benihana and RA Sushi.
Improved Restaurant Operating Profit
Restaurant operating profit increased by 90 basis points to 13.2%, with significant contributions from Benihana.
Successful Integration and Cost Synergies
Achieved $19 million in run rate synergies with additional $10 million in annualized run rate synergies implemented.
Strong Liquidity Position
Finished the quarter with over $70 million in resources, including cash on hand, short-term credit receivables, and revolver availability.
Strategic Expansion Plans
Plan to open 6 new venues by the end of 2024, including new locations in Oregon, Florida, and Colorado.
Enhanced Customer Loyalty Initiatives
Plans to roll out a loyalty program across brands, focusing on birthday celebrations and personalized rewards.
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STKS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STKS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $3.92 | $3.19 | -18.62% |
| Aug 06, 2024 | $3.98 | $3.56 | -10.55% |
| May 07, 2024 | $4.80 | $4.63 | -3.54% |
| Mar 14, 2024 | $3.54 | $3.97 | +12.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does The ONE Group Hospitality Inc (STKS) report earnings?
The ONE Group Hospitality Inc (STKS) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is The ONE Group Hospitality Inc (STKS) earnings time?
The ONE Group Hospitality Inc (STKS) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STKS EPS forecast?
STKS EPS forecast for the fiscal quarter 2024 (Q4) is 0.03.
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