The ONE Group Q1 Revenue $212.82M, Below Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy STKS?
Reports Q1 revenue $212.82M, consensus $218.44M. "Our first quarter demonstrates strong continued momentum. We achieved positive comparable sales for the second quarter in a row at our flagship STK brand and saw substantial expansion in restaurant margins. STK's 1.4% comparable sales growth and Benihana's stable performance highlight the resilience of our distinctive Vibe Dining experience in a challenging consumer market. Our focused operational improvements - including food and beverage cost controls, menu refinement, integration synergies, and supply chain optimization - delivered a 100 basis point margin improvement overall. This is driven by impressive gains of 280 basis points at STK and 130 basis points at Benihana. With beef pricing secured through September 2026 and a strong operational foundation in place, we are confident in our ability to deliver on our full-year 2026 financial guidance," said Emanuel "Manny" Hilario, President and CEO of The ONE Group.
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Analyst Views on STKS
Wall Street analysts forecast STKS stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.000
Low
5.00
Averages
5.00
High
5.00
Current: 2.000
Low
5.00
Averages
5.00
High
5.00
About STKS
The ONE Group Hospitality, Inc. is an international restaurant company, which develops and operates upscale and polished casual, high-energy restaurants and lounges and provides hospitality management services for hotels, casinos, and other high-end venues. Its primary restaurant brands are STK, an American steakhouse concept featuring premium steaks, seafood and specialty cocktails; Benihana, an interactive dining destination with skilled chefs preparing food in front of guests and served in an energetic atmosphere alongside fresh sushi and cocktails; Kona Grill, a polished casual bar-centric grill concept featuring sushi, and specialty cocktails in a polished casual atmosphere, and RA Sushi, a Japanese cuisine concept that offers a bar-forward, upbeat, and vibrant dining atmosphere anchored by sushi, inventive drinks, and service. It owns, operates, manages, and franchises approximately 167 venues, including 30 STKs, 85 Benihanas, 27 Kona Grills and 16 RA Sushis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ONE Group Q1 Earnings Miss Expectations
- Disappointing Earnings: ONE Group Hospitality reported a Q1 GAAP EPS of -$0.20, missing expectations by $0.03, indicating challenges in profitability, while revenue of $212.8 million, up 0.8% year-over-year, fell short by $4.89 million, reflecting weak market demand.
- 2026 Financial Targets: The company introduced Q2 2026 financial targets with total revenue expected between $202 million and $206 million, showing cautious optimism for future growth, despite an overall revenue target of $840 million to $855 million, indicating efforts in portfolio optimization and operational improvements.
- Operational Efficiency Gains: The company anticipates managed, license, and franchise fee revenues to reach $14 million to $15 million in 2026, suggesting that synergies from the Benihana integration are gradually materializing, which could enhance overall profitability.
- Capital Expenditure Plans: ONE Group plans to invest $38 million to $42 million in capital expenditures in 2026, with expectations to open 6 to 10 new venues system-wide, which will help expand market share and strengthen brand presence.
See More
The ONE Group to Host Q1 2026 Financial Results Conference Call
- Earnings Call Announcement: The ONE Group will host a conference call on May 6, 2026, at 4:30 PM ET to discuss its Q1 2026 financial results, reflecting the company's commitment to transparency and investor relations.
- Access Information: Investors can join the call by dialing 201-389-0908, with a replay available at 412-317-6671 until May 20, 2026, ensuring that key financial insights remain accessible to stakeholders.
- Company Overview: The ONE Group is an international restaurant company focused on developing and operating upscale dining venues, aiming to be the global leader in Vibe Dining, showcasing its strong competitive edge in the hospitality sector.
- Brand Diversity: The company operates several well-known brands, including STK, Benihana, and Kona Grill, offering a variety of dining experiences that cater to diverse market demands, thereby reinforcing its market position.
See More
The ONE Group to Present at Investor Conference
- Investor Conference Announcement: The ONE Group will present at Sidoti's Small-Cap Virtual Investor Conference on March 19, 2026, which is expected to attract significant investor attention, thereby enhancing the company's visibility and influence in the capital markets.
- Executive Participation: CEO Emanuel Hilario and CFO Nicole Thaung will host one-on-one meetings with investors, aiming to strengthen investor confidence and facilitate potential investments through direct communication.
- Convenient Registration: The conference registration is free and open to all, indicating the company's commitment to expanding its investor base and enhancing transparency, which may attract more institutional investors.
- Company Background: The ONE Group is an international restaurant company focused on upscale dining and hospitality management services, aiming to be the global leader in Vibe Dining, a strategic positioning that enhances brand value and market competitiveness.
See More
One Group Hospitality Reports 2025 Financial Results
- Revenue Growth and Challenges: One Group Hospitality Inc. reported total GAAP revenue of approximately $805 million for FY 2025, reflecting a 20% year-over-year increase primarily due to the full integration of the Benihana brand, although Q4 revenue fell to about $207 million, indicating ongoing pressures in the full-service dining sector.
- Net Loss and EBITDA Decline: The company reported a net loss of $6.4 million in Q4, compared to a net income of $1.6 million in Q4 2024, with adjusted EBITDA decreasing by 9.5% to $28.1 million, highlighting challenges in cost management and market conditions.
- Strategic Investments and Expansion: The company is focusing on capital-efficient growth by securing development rights for 10 Benihana and Benihana Express locations in California, while also planning to expand into non-traditional venues like sports and entertainment stadiums.
- Market Confidence and Future Outlook: Despite achieving sales growth in certain brands, overall consumer confidence remains at historical lows, which could negatively impact future performance, prompting management to adopt a cautious outlook.
See More
ONE Group Hospitality Reports Q4 2025 Earnings Insights
- Revenue Growth and Challenges: For fiscal year 2025, total GAAP revenue reached approximately $805 million, reflecting a 20% year-over-year growth; however, comparable sales declined by about 3.7%, indicating ongoing pressures in the full-service dining sector and heightened market competition risks.
- Quarterly Performance Fluctuations: In Q4, total GAAP revenue was approximately $207 million, down 6.7% from $222 million in the same quarter last year, primarily due to portfolio optimization actions and fiscal calendar shifts, highlighting short-term challenges faced during strategic adjustments.
- Future Outlook and Strategy: The company projects total GAAP revenues between $840 million and $855 million for fiscal year 2026, aiming for 1% to 3% comparable sales growth through asset-light development agreements and new venue openings, demonstrating confidence in future growth prospects.
- Operational Efficiency Improvements: The company has made progress in controlling restaurant costs, with the cost of sales as a percentage of net revenue improving by 80 basis points to 19.6%, which is expected to enhance margins and strengthen financial flexibility.
See More
ONE Group Hospitality Reports Q4 Losses and Missed Revenue Guidance
- Earnings Miss: ONE Group Hospitality reported a Q4 GAAP EPS of -$0.49, missing estimates by $0.43, indicating significant challenges in profitability that could undermine investor confidence.
- Revenue Decline: The company’s Q4 revenue of $207.01 million represents a 6.7% year-over-year decline, falling short of expectations by $3.27 million, reflecting pressures from weak market demand and intensified competition.
- Cautious Future Outlook: The Q1 2026 guidance projects revenues between $217 million and $221 million, indicating a cautious approach to future growth that may impact long-term strategic planning.
- Cost Control Efforts: Total operating expenses are expected to account for 82% to 83% of restaurant net revenue, demonstrating the company’s efforts in cost management, though the long-term impact on profitability remains a concern.
See More
ONE Group Q1 Earnings Miss Expectations
- Disappointing Earnings: ONE Group Hospitality reported a Q1 GAAP EPS of -$0.20, missing expectations by $0.03, indicating challenges in profitability, while revenue of $212.8 million, up 0.8% year-over-year, fell short by $4.89 million, reflecting weak market demand.
- 2026 Financial Targets: The company introduced Q2 2026 financial targets with total revenue expected between $202 million and $206 million, showing cautious optimism for future growth, despite an overall revenue target of $840 million to $855 million, indicating efforts in portfolio optimization and operational improvements.
- Operational Efficiency Gains: The company anticipates managed, license, and franchise fee revenues to reach $14 million to $15 million in 2026, suggesting that synergies from the Benihana integration are gradually materializing, which could enhance overall profitability.
- Capital Expenditure Plans: ONE Group plans to invest $38 million to $42 million in capital expenditures in 2026, with expectations to open 6 to 10 new venues system-wide, which will help expand market share and strengthen brand presence.
See More
The ONE Group to Host Q1 2026 Financial Results Conference Call
- Earnings Call Announcement: The ONE Group will host a conference call on May 6, 2026, at 4:30 PM ET to discuss its Q1 2026 financial results, reflecting the company's commitment to transparency and investor relations.
- Access Information: Investors can join the call by dialing 201-389-0908, with a replay available at 412-317-6671 until May 20, 2026, ensuring that key financial insights remain accessible to stakeholders.
- Company Overview: The ONE Group is an international restaurant company focused on developing and operating upscale dining venues, aiming to be the global leader in Vibe Dining, showcasing its strong competitive edge in the hospitality sector.
- Brand Diversity: The company operates several well-known brands, including STK, Benihana, and Kona Grill, offering a variety of dining experiences that cater to diverse market demands, thereby reinforcing its market position.
See More
The ONE Group to Present at Investor Conference
- Investor Conference Announcement: The ONE Group will present at Sidoti's Small-Cap Virtual Investor Conference on March 19, 2026, which is expected to attract significant investor attention, thereby enhancing the company's visibility and influence in the capital markets.
- Executive Participation: CEO Emanuel Hilario and CFO Nicole Thaung will host one-on-one meetings with investors, aiming to strengthen investor confidence and facilitate potential investments through direct communication.
- Convenient Registration: The conference registration is free and open to all, indicating the company's commitment to expanding its investor base and enhancing transparency, which may attract more institutional investors.
- Company Background: The ONE Group is an international restaurant company focused on upscale dining and hospitality management services, aiming to be the global leader in Vibe Dining, a strategic positioning that enhances brand value and market competitiveness.
See More
One Group Hospitality Reports 2025 Financial Results
- Revenue Growth and Challenges: One Group Hospitality Inc. reported total GAAP revenue of approximately $805 million for FY 2025, reflecting a 20% year-over-year increase primarily due to the full integration of the Benihana brand, although Q4 revenue fell to about $207 million, indicating ongoing pressures in the full-service dining sector.
- Net Loss and EBITDA Decline: The company reported a net loss of $6.4 million in Q4, compared to a net income of $1.6 million in Q4 2024, with adjusted EBITDA decreasing by 9.5% to $28.1 million, highlighting challenges in cost management and market conditions.
- Strategic Investments and Expansion: The company is focusing on capital-efficient growth by securing development rights for 10 Benihana and Benihana Express locations in California, while also planning to expand into non-traditional venues like sports and entertainment stadiums.
- Market Confidence and Future Outlook: Despite achieving sales growth in certain brands, overall consumer confidence remains at historical lows, which could negatively impact future performance, prompting management to adopt a cautious outlook.
See More
ONE Group Hospitality Reports Q4 2025 Earnings Insights
- Revenue Growth and Challenges: For fiscal year 2025, total GAAP revenue reached approximately $805 million, reflecting a 20% year-over-year growth; however, comparable sales declined by about 3.7%, indicating ongoing pressures in the full-service dining sector and heightened market competition risks.
- Quarterly Performance Fluctuations: In Q4, total GAAP revenue was approximately $207 million, down 6.7% from $222 million in the same quarter last year, primarily due to portfolio optimization actions and fiscal calendar shifts, highlighting short-term challenges faced during strategic adjustments.
- Future Outlook and Strategy: The company projects total GAAP revenues between $840 million and $855 million for fiscal year 2026, aiming for 1% to 3% comparable sales growth through asset-light development agreements and new venue openings, demonstrating confidence in future growth prospects.
- Operational Efficiency Improvements: The company has made progress in controlling restaurant costs, with the cost of sales as a percentage of net revenue improving by 80 basis points to 19.6%, which is expected to enhance margins and strengthen financial flexibility.
See More
ONE Group Hospitality Reports Q4 Losses and Missed Revenue Guidance
- Earnings Miss: ONE Group Hospitality reported a Q4 GAAP EPS of -$0.49, missing estimates by $0.43, indicating significant challenges in profitability that could undermine investor confidence.
- Revenue Decline: The company’s Q4 revenue of $207.01 million represents a 6.7% year-over-year decline, falling short of expectations by $3.27 million, reflecting pressures from weak market demand and intensified competition.
- Cautious Future Outlook: The Q1 2026 guidance projects revenues between $217 million and $221 million, indicating a cautious approach to future growth that may impact long-term strategic planning.
- Cost Control Efforts: Total operating expenses are expected to account for 82% to 83% of restaurant net revenue, demonstrating the company’s efforts in cost management, though the long-term impact on profitability remains a concern.
See More
