The ONE Group Hospitality, Inc. Reports First Quarter 2019 Results
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ONE Group Hospitality (STKS) Misses Q1 EPS by 1c, Revenues Beat, Domestic SSS Up 8.6%; Offers FY19 Revenue Guidance
May 9, 2019 4:58 PM EDTONE Group Hospitality (NASDAQ: STKS) reported Q1 EPS of $0.03, $0.01 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $22.8 million versus the consensus estimate of $21.75 million.
Total GAAP revenues increased 16.7% to $22.8 million from $19.5 million;Domestic same store sales* for STK restaurants rose 8.6%;GAAP income from operations was $1.1 million compared to $0.5 million;GAAP net income attributable to The ONE Group was $0.9 million or $0.03 net income per share compared to GAAP net income of $0.2 million or $0.01 net income per... More