The ONE Group Reports First Quarter 2020 Results

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Go back to The ONE Group Reports First Quarter 2020 Results

ONE Group Hospitality (STKS) Misses Q1 EPS by 17c, Revenues Beat; Comp. Sales Down 14.1%

May 11, 2020 8:03 AM EDT

ONE Group Hospitality (NASDAQ: STKS) reported Q1 EPS of ($0.16), $0.17 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $40.7 million versus the consensus estimate of $30.76 million.

Total GAAP revenues increased 78.8% to $40.7 million from $22.8 million;Consolidated comparable sales* decreased 14.1%;March comparable sales decreased 55.9%;January and February comparable sales increased 10.0%;Comparable sales* for STK decreased 12.8%;March comparable sales decreased 58.1%;January and February comparable sales increased 11.4%;Comparable sales* for Kona Grill decreased 15.5%;March comparable sales decreased 53.7%;January... More