STKS Earnings Prediction
The chart below shows how STKS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, STKS sees a +6.58% change in stock price 10 days leading up to the earnings, and a +3.20% change 10 days following the report. On the earnings day itself, the stock moves by -0.83%. This data can give you a slight idea of what to expect for the next quarter's release.
STKS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
193.97M
152.30%
12.45%
Gross Margin
74.59%
4.42%
0.05%
Operating Margin
2.12%
183.46%
-70.22%
Net Margin
-4.67%
10.40%
13.63%
EPS
-0.52
-420.00%
44.44%
No Data Available
STKS Earnings Analysis
The ONE Group Hospitality, Inc. Common Stock Corporation (STKS.O) Earnings Conference Call
Positive
Revenue Surge Quarter-over-Quarter: Total consolidated GAAP revenues were $194 million, increasing 152.3% from the $76.9 million for the same quarter of last year.
Restaurant Revenue Surge: Our owned restaurant net revenue of $190.6 million, which increased 158.6% from $73.7 million for the same quarter last year.
Restaurant Operating Profit Increase: We increased our restaurant operating profit by 90 basis points, driven by robust restaurant level margins of 17% at Benihana, which improved 20 basis points versus their pro forma prior year performance.
Financial Resources Overview: We finished the third quarter with over $70 million in resources between cash on hand, short-term credit receivables and revolver availability, which is currently undrawn.
Shareholder Return Strategy: We returned approximately $2.3 million to shareholders through share repurchases, and we will continue to evaluate opportunistic share repurchases under our already Board-authorized program.
Negative
Comparable Sales Decline: Comparable sales decreased 4.2% at Benihana, 11.1% at STK and 70% at our grill concepts.
Traffic Decline Analysis: Traffic was minus 4.7%.
Administrative Cost Surge: General and administrative cost increased $5.5 million or 75.6% to $12.8 million in the third quarter of 2024, from $7.3 million in the third quarter of 2023.
Net Loss Comparison: Net loss available to common stockholders was $16 million or $0.52 net loss per share compared to net loss available to common stockholders of $3.1 million in the third quarter of 2023.
Adjusted Net Loss Comparison: Adjusted net loss available to common stockholders was $9.4 million or $0.30 of adjusted net loss per share, compared to an adjusted net loss available to common stockholders of $3 million in the third quarter of 2023.
STKS FAQs
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STKS Earning Call Sentiment
The ONE Group Hospitality, Inc. (STKS) Q3 2024 Earnings Call Transcript
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STKS.O
-2.6%Positive
The earnings call summary reveals mixed financial performance. Strong revenue growth and improved restaurant margins are positive, yet declining comparable sales and a net loss are concerning. The Q&A highlights competitive pressures and potential delays in new openings. While synergies from the acquisition and share repurchases are promising, increased debt and regulatory challenges pose risks. The optimistic guidance and strategic growth plans are balanced by economic uncertainties and unclear management responses. Given these factors, the stock price is likely to remain stable, resulting in a neutral sentiment.