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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) reports a significant uptick in quarter-to-date comparable sales, increasing 35.2% compared to 2019. STK saw a remarkable 49.2% rise, while Kona Grill reported a 22.0% increase. As of May 31, 2021, indoor dining capacity averaged 82% across domestic locations, with all non-seasonal international venues open. The company will participate in major investor conferences in June, including the Piper Sandler Consumer Marketplace Conference and Jefferies Virtual Consumer Conference.
The ONE Group Hospitality, Inc. (Nasdaq: STKS) reported a 24% increase in total GAAP revenues for Q1 2021, reaching $50.5 million, up from $40.7 million in Q1 2020. The company achieved a slight net income of $70,000, or $0.00 per share, compared to a net loss of $4.6 million a year prior. Adjusted EBITDA soared by 312% to $6.5 million. Comparable sales surpassed pre-pandemic levels, with a 32.2% increase in April 2021. The company plans to open thirteen new venues by 2022, reflecting confidence in ongoing recovery despite COVID-19 challenges.
The ONE Group Hospitality, Inc. (Nasdaq: STKS) will host a conference call on May 11, 2021, at 4:30 PM ET to discuss its first quarter 2021 financial results. A press release with the financial details will be issued after the market closes the same day. The call can be accessed by dialing 201-493-6780, with a replay option available until May 25, 2021. The ONE Group operates upscale dining establishments and hospitality services, focusing on Vibe Dining with brands like STK and Kona Grill.
The ONE Group Hospitality, Inc. (Nasdaq: STKS) reported its financial results for Q4 and full year 2020. In Q4, consolidated comparable sales decreased 14.8%, driven by pandemic-related restrictions. Q4 total revenues fell 13.8% to $45.0 million, with a GAAP net loss of $4.5 million compared to a profit of $19.8 million in Q4 2019. Full year revenues rose 17.6% to $141.9 million, largely due to the acquisition of Kona Grill. The company plans to open 13 new venues by 2022, indicating growth potential despite current challenges.
The ONE Group Hospitality, Inc. (Nasdaq: STKS) reported a 13.8% decrease in fourth-quarter revenues to $45.0 million compared to $52.2 million last year, primarily affected by COVID-19 restrictions. Consolidated comparable sales fell 14.8%, with STK's comparable sales down 20.7% and Kona Grill's down 8.0%. For the full year, total revenues rose 17.6% to $141.9 million, driven by Kona Grill acquisitions. The company plans to open 13 new venues by 2022 and noted increased demand for takeout and delivery.
The ONE Group Hospitality, Inc. (Nasdaq: STKS) has scheduled a conference call for March 16, 2021, at 4:30 PM ET to discuss its fourth quarter and year-end financial results for 2020. This call will be hosted by CEO Emanuel Hilario and CFO Tyler Loy. A press release will precede the call, providing key financial metrics. The call will be accessible via phone and webcast through the Investor Relations section of The ONE Group's website. The company aims to be a leader in Vibe Dining, operating brands such as STK and Kona Grill.
The ONE Group Hospitality, Inc. (Nasdaq: STKS) announced its participation in two investor conferences this January.
On January 12, 2021, the Company will present virtually at the 23rd Annual ICR Conference beginning at 10:30 AM ET, accessible via the Investor Relations section of their website.
Additionally, The ONE Group will engage in the virtual Jefferies 10th Annual Winter Summit from January 19-20, 2021, focusing on restaurants, foodservice, and leisure.
The ONE Group Hospitality, Inc. (Nasdaq: STKS) has opened a new STK Steakhouse in Scottsdale, Arizona, situated among high-end retail and residential areas. This restaurant features the brand's signature Vibe Dining experience with an outdoor space, unique cocktails, and live music. President and CEO Emanuel Hilario highlighted that this opening aligns with the company’s strategic expansion plan, minimizing capital investment. STK Scottsdale adheres to stringent COVID-19 safety measures, providing a safe dining atmosphere while operating hours include lunch, dinner, and brunch services.
The ONE Group Hospitality, Inc. (Nasdaq: STKS) announces new holiday menu offerings at Kona Grill, featuring freshly prepared dishes. Highlights include Roasted Turkey, Surf & Turf, and Lobster Potstickers, available for dine-in, takeout, and delivery. The holiday menu runs from December 17 to the end of the season, complemented by New Year's specials and gift card promotions. Guests will also enjoy a $10 bonus on $50 gift cards and $25 on $100 gift cards. Kona Grill aims to enhance the dining experience while maintaining its culinary heritage.
The ONE Group Hospitality, Inc. (Nasdaq: STKS) will discuss its third quarter 2020 financial results in a conference call on November 5, 2020, at 4:30 PM ET. A press release with the financial details will be issued post-market. Investors can access the live call at 415-226-5361, with a replay available until November 19, 2020. The ONE Group specializes in upscale dining and hospitality management globally, operating brands like STK and Kona Grill.
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