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The One Group Hospitality Inc (STKS) operates at the intersection of premium dining and hospitality services, blending high-energy restaurant concepts with comprehensive food and beverage solutions for luxury venues. This news hub provides investors and industry professionals with essential updates about the company's financial performance, strategic partnerships, and operational developments.
Discover timely updates on earnings reports, new venue launches, and menu innovations across STK steakhouse locations and other brands. Track announcements regarding leadership changes, licensing agreements, and expansion into new markets. Our curated news collection serves as your primary source for understanding STKS's position in the competitive upscale dining sector.
Key updates include details about the company's turn-key F&B services for hotels and casinos, sustainability initiatives, and technological enhancements to guest experiences. Bookmark this page to monitor how STKS continues redefining modern hospitality through its unique blend of culinary excellence and atmospheric dining concepts.
The ONE Group Hospitality, Inc. (Nasdaq: STKS) has announced its upcoming second quarter 2024 earnings conference call and webcast, scheduled for August 6, 2024, at 4:30 PM ET. The company's President and CEO, Emanuel "Manny" Hilario, along with CFO Tyler Loy, will host the event. A press release containing the Q2 2024 financial results will be issued after market close on the same day.
Interested parties can access the conference call live by dialing 412-542-4186. A replay will be available until August 20, 2024, by dialing 412-317-6671 with passcode 10190088. Additionally, the webcast can be accessed from the Investor Relations tab of The ONE Group's website at www.togrp.com under "News / Events".
The ONE Group Hospitality, Inc. (Nasdaq: STKS) has opened a new RA Sushi location in Plantation, Florida, marking the brand's 20th outlet. This second RA Sushi in the Fort Lauderdale market offers a modern twist on traditional Japanese cuisine, featuring innovative sushi rolls, sashimi, and creative shareables. The restaurant boasts an extensive menu, including signature dishes like the Viva Las Vegas Roll and specialty cocktails such as the Shiso Naughty Martini.
The new location introduces the brand's first-ever open kitchen and offers a contemporary dining environment. RA Sushi Plantation provides daily happy hour specials and is open from 11 a.m. to 12 a.m. Sunday through Thursday, and until 1 a.m. on Fridays and Saturdays. Customers can also enjoy delivery services through various platforms and join 'The Hook Up' email program for exclusive offers and updates.
The ONE Group Hospitality, Inc. reported a 3.0% revenue growth in Q1 2024, completed the acquisition of Safflower Holdings Corp., owner of Benihana Inc., and updated 2024 targets post-acquisition. Despite a 7.9% decrease in comparable sales, total GAAP revenues reached $85.0 million, with a net loss of $2.1 million. Adjusted EBITDA decreased 3.6% to $10.5 million. The company plans to open new venues, initiated a $5 million share repurchase program, and aims for $950 million in annual run-rate revenues by 2024-end.
The ONE Group Hospitality, Inc. (STKS) has rescheduled its 2024 Annual Meeting of Stockholders from May 22 to May 21, 2024. The meeting will be held at STK Denver, Colorado. The change aims to better accommodate stakeholders.
The ONE Group Hospitality, Inc. has completed the acquisition of Safflower Holdings Corp., the owner of Benihana, for $365 million in cash. The acquisition aims to provide growth opportunities and diversify The ONE Group's portfolio of experiential VIBE restaurant concepts. The company looks forward to the new chapter with nearly 6,500 new Benihana teammates on board.
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