One Group Hospitality Inc
NASDAQ:STKS
One Group Hospitality Inc
The ONE Group Hospitality, Inc. engages in the development, owning, and management of restaurants and lounges. The company is headquartered in New York City, New York and currently employs 243 full-time employees. The company went IPO on 2011-10-25. The firm develops, owns and operates, manages and licenses upscale and polished casual, restaurants and lounges and provides food and beverage (F&B) services and consulting services for hospitality venues, including hotels, casinos and other locations. Its segments include STK, Kona Grill and ONE Hospitality. The STK segment consists of operations from STK restaurant locations. The Kona Grill segment includes the results of operations of Kona Grill restaurant locations. The ONE Hospitality segment operations are generated from the Company’s other brands and venue concepts, which include ANGEL, Heliot, Hideout, Marconi, Radio and Rivershore Bar & Grill. The ONE Hospitality segment includes operations from F&B hospitality management agreements with hotels, casinos and other locations. The company owns, operates, manages, or licenses approximately 60 venues, including over 23 STKs and approximately 24 Kona Grills in metropolitan cities.
The ONE Group Hospitality, Inc. engages in the development, owning, and management of restaurants and lounges. The company is headquartered in New York City, New York and currently employs 243 full-time employees. The company went IPO on 2011-10-25. The firm develops, owns and operates, manages and licenses upscale and polished casual, restaurants and lounges and provides food and beverage (F&B) services and consulting services for hospitality venues, including hotels, casinos and other locations. Its segments include STK, Kona Grill and ONE Hospitality. The STK segment consists of operations from STK restaurant locations. The Kona Grill segment includes the results of operations of Kona Grill restaurant locations. The ONE Hospitality segment operations are generated from the Company’s other brands and venue concepts, which include ANGEL, Heliot, Hideout, Marconi, Radio and Rivershore Bar & Grill. The ONE Hospitality segment includes operations from F&B hospitality management agreements with hotels, casinos and other locations. The company owns, operates, manages, or licenses approximately 60 venues, including over 23 STKs and approximately 24 Kona Grills in metropolitan cities.
Revenue Decline: The ONE Group Hospitality reported Q3 revenue of $180.2 million, down 7.1% from the same period last year, mainly due to lower comparable sales and restaurant closures.
Net Loss Impact: Net loss attributable to the company was $76.7 million, significantly higher than last year's $9.3 million loss, driven by noncash impairment and a tax valuation allowance.
Traffic Trends: Traffic improved sequentially throughout 2025, with Q3 seeing the smallest year-over-year decline of the year at 6.9%.
Menu & Pricing Strategy: New menu diversification and resumed pricing action (4.5–5.5% increase) are aimed at offsetting cost pressures and boosting sales in the seasonally strong Q4.
Loyalty Program Growth: The Friends with Benefits loyalty program reached 6.5 million members after adding over 200,000 new sign-ups, with early returns showing increased guest frequency.
Portfolio Actions: The company closed 7 underperforming locations and is actively converting others to higher-performing brands, aiming for $10 million in restaurant-level EBITDA after conversions.
Capital Discipline: Management reiterated a focus on low-cost conversions, reduced capital expenditures, and maintaining a strong liquidity position ($45 million liquidity as of quarter end).
2025 Guidance: Updated 2025 revenue guidance to $820–$825 million, with adjusted EBITDA expected between $95–$100 million and plans for 5–7 new venue openings.
