Earnings summaries and quarterly performance for ONE Group Hospitality.
Executive leadership at ONE Group Hospitality.
Board of directors at ONE Group Hospitality.
Research analysts who have asked questions during ONE Group Hospitality earnings calls.
MS
Mark Smith
Lake Street Capital Markets, LLC
3 questions for STKS
Also covers: AOUT, AVO, CDRE +16 more
Anthony Lebiedzinski
Sidoti & Company, LLC
2 questions for STKS
Also covers: BSET, CNXN, FLWS +13 more
Roger Lipton
Lipton Financial Services
2 questions for STKS
Also covers: BTBD, FAT, TWNP
Brian Mullan
Piper Sandler
1 question for STKS
Also covers: BJRI, BLMN, BROS +19 more
James Salera
Stephens Inc.
1 question for STKS
Also covers: BRBR, CAKE, CELH +20 more
James Sanderson
Northcoast Research
1 question for STKS
Also covers: CAKE, DASH, DRI +7 more
Jim Salera
Stephens Inc.
1 question for STKS
Also covers: BRBR, CAKE, CELH +21 more
Jim Sanderson
Northcoast Research
1 question for STKS
Also covers: CAKE, DRI, EAT +6 more
JG
Joe Gomes
Noble Capital Markets
1 question for STKS
Also covers: ACCO, BLBX, BTBT +15 more
JG
Joseph Gomes
G.research, LLC
1 question for STKS
Also covers: ACCO, BTBT, CMTL +17 more
NS
Nick Setyan
Wedbush Securities
1 question for STKS
Also covers: BJRI, BROS, CAVA +4 more
Recent press releases and 8-K filings for STKS.
ONE Group Hospitality, Inc. Reports Preliminary Q4 and Full Year 2025 Sales Results and Outlines 2026 Growth Strategy
STKS
Earnings
Guidance Update
New Projects/Investments
- The ONE Group Hospitality, Inc. reported preliminary full year 2025 GAAP revenues of approximately $805 million, a 20% increase from the prior year, primarily driven by the acquisition of Benihana. Full year comparable sales are expected to decrease by approximately 3.7%.
- Preliminary fourth quarter 2025 GAAP revenues are expected to be approximately $207 million, a 6.8% decrease compared to the same quarter in 2024, mainly due to RA Sushi and Kona Grill closures and a fiscal year calendar change.
- For Q4 2025, comparable sales are expected to decrease by approximately 1.8%, with the STK brand expected to report positive comparable sales of approximately 0.3% and Benihana expected to report flat comparable sales.
- The company plans to prioritize capital-efficient growth in 2026, focusing on converting up to nine additional Kona Grill and RA Sushi locations to Benihana or STK formats, and has secured a development agreement for ten new Benihana or Benihana Express locations in the Greater San Francisco Bay Area.
Jan 12, 2026, 1:00 PM
The ONE Group Reports Preliminary Q4 and Full Year 2025 Sales Results
STKS
Earnings
Guidance Update
New Projects/Investments
- The ONE Group anticipates preliminary full year 2025 GAAP revenues of $805 million, marking a 20% increase from the prior year, primarily driven by the Benihana acquisition in May 2024.
- Preliminary fourth quarter 2025 GAAP revenues are expected to be $207 million, a 6.8% decrease from Q4 2024, mainly due to RA Sushi and Kona Grill closures and a fiscal year calendar change.
- The company expects fourth quarter comparable sales to decrease by 1.8%, but notes sequential improvement of approximately 4 points from Q3, with STK achieving positive comparable sales of 0.3% and Benihana reporting flat comparable sales.
- For 2026, The ONE Group plans a capital-efficient growth strategy, prioritizing cash conservation and focusing on converting up to nine additional Kona Grill and RA Sushi locations to Benihana or STK formats, which are expected to be accretive to EBITDA.
Jan 12, 2026, 1:00 PM
The ONE Group Hospitality Details Q4 2025 Development Milestones and 2026 Growth Strategy
STKS
New Projects/Investments
Product Launch
Guidance Update
- The ONE Group Hospitality announced its largest asset-light development agreement for ten Benihana or Benihana Express locations in the Greater San Francisco Bay Area, with two joint venture locations expected to open in 2026 and the remaining over the next seven years.
- The company expanded its presence in professional sports and entertainment stadiums by renewing a three-year concession agreement at Mortgage Matchup Center and securing a new three-year Benihana concession at UBS Arena.
- In Q4 2025, two new Company-owned STK locations opened in Scottsdale, Arizona (October 2025, ~$1 million conversion cost) and Oak Brook, Illinois (December 2025, ~$1.5 million cost), both demonstrating strong early performance.
- The company launched Benihana-branded Teriyaki Flavored Crispy Chicken Chips and outlined a capital-efficient growth strategy for 2026, focusing on new Company-owned restaurants costing $1.5 million or less and converting up to nine existing locations for approximately $1 million each.
Dec 29, 2025, 9:05 PM
The ONE Group Hospitality Reports Q3 2025 Results and Updates Full-Year Guidance
STKS
Earnings
Guidance Update
New Projects/Investments
- The ONE Group Hospitality reported Q3 2025 total consolidated GAAP revenues of $180.2 million, a 7.1% decrease year-over-year, primarily due to a 5.9% reduction in consolidated comparable sales. The company recorded a net loss of $85.3 million, or $2.75 per share, significantly impacted by non-cash impairment charges and a deferred tax asset valuation allowance.
- For fiscal year 2025, the company updated its guidance, projecting total GAAP revenues between $820 million and $825 million and adjusted EBITDA between $95 million and $100 million. Consolidated comparable sales are expected to be between -3% and -2%.
- The company is actively engaged in portfolio optimization, having closed seven underperforming locations in Q2 and Q3 2025. It plans to convert up to nine additional grill locations to Benihana or STK formats by the end of 2026, with each conversion costing approximately $1 million.
- Operational momentum includes sequential improvement in traffic, with Q3 2025 being the best quarter of the year, down 6.9% compared to Q2's 7.5% and Q1's 7.8%. The Friends With Benefits Loyalty Program expanded to over 6.5 million members, adding over 200,000 new members in the quarter.
- The newly redesigned Benihana location in San Mateo, California, has become the top-performing restaurant opening in the brand's 60-year history, achieving $8 million in annual sales with mid-20% restaurant-level profit margins, validating the format for system-wide implementation.
Nov 6, 2025, 9:30 PM
The ONE Group Hospitality Reports Q3 2025 Financials and Updates Full-Year Guidance
STKS
Earnings
Guidance Update
Demand Weakening
- The ONE Group Hospitality reported Q3 2025 consolidated GAAP revenues of $180.2 million, a 7.1% decrease from the prior year, and a net loss of $76.7 million. This loss was primarily driven by a $3.4 million noncash impairment loss and a $59.1 million noncash income tax expense related to a valuation allowance.
- The company updated its fiscal year 2025 guidance, projecting total GAAP revenues between $820 million and $825 million and adjusted EBITDA between $95 million and $100 million.
- Strategic initiatives include closing seven underperforming locations in Q2 and Q3, and identifying up to nine additional locations for conversion to Benihana or STK formats through 2026, with an estimated $1 million capital investment per conversion.
- Traffic showed sequential improvement in Q3 2025, with consolidated company traffic down 6.9%, an improvement from Q2 and Q1, and new pricing actions implemented in November are expected to contribute 4.5% to 5.5% on a weighted basis to Q4.
Nov 6, 2025, 9:30 PM
The ONE Group Hospitality Reports Q3 2025 Financial Results and Updates Full-Year Guidance
STKS
Earnings
Guidance Update
Demand Weakening
- For Q3 2025, The ONE Group Hospitality reported a 7.1% decrease in total consolidated GAAP revenues to $180.2 million, driven by a 5.9% reduction in consolidated comparable sales and restaurant closures.
- The company posted a net loss of $76.7 million, or $2.75 net loss per share, primarily due to $3.4 million in non-cash impairment charges and a non-cash deferred tax asset valuation allowance. Adjusted EBITDA decreased by 28.9% to $10.6 million.
- Strategic initiatives include closing seven underperforming grill locations and planning to convert up to nine additional grill locations to Benihana or STK formats by the end of 2026, each requiring approximately $1 million in capital investment.
- Consolidated traffic showed sequential improvement, down 6.9% in Q3 2025 compared to 7.5% in Q2 and 7.8% in Q1, with new pricing actions implemented in November expected to contribute 4.5% to 5.5% on a weighted basis for Q4.
- The company updated its fiscal year 2025 guidance, projecting total GAAP revenues between $820 million and $825 million, consolidated comparable sales of -3% to -2%, and adjusted EBITDA between $95 million and $100 million.
Nov 6, 2025, 9:30 PM
Quarterly earnings call transcripts for ONE Group Hospitality.
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