The ONE Group Hospitality, Inc. - Common Stock (STKS)
2.9800
-0.2100 (-6.58%)
The One Group is a hospitality and dining company that operates a collection of upscale restaurants and lounges, primarily focusing on providing a vibrant and energetic dining experience
Known for its innovative culinary offerings and unique atmosphere, the company is dedicated to creating memorable moments for guests by combining exceptional service with high-quality food and beverage selections. The One Group also emphasizes strategic growth through expansion and brand development in the competitive hospitality sector.
The ONE Group’s stock price has taken a beating over the past six months, shedding 29.6% of its value and falling to $2.92 per share. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
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Upscale restaurant company The One Group Hospitality (NASDAQSTKS) fell short of the market’s revenue expectations in Q3 CY2024, but sales rose 152% year on year to $194 million. The company’s full-year revenue guidance of $670 million at the midpoint came in 6% below analysts’ estimates. Its non-GAAP loss of $0.30 per share was also below analysts’ consensus estimates.
Upscale restaurant company The One Group Hospitality (NASDAQSTKS)
will be announcing earnings results tomorrow after market close. Here’s what to expect.
STKS stock results show that The One Group Hospitality missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
Shares of LuxUrban Hotels Inc. (NASDAQLUXH) fell sharply during Wednesday’s session after the company issued preliminary fourth-quarter revenue outlook below estimates.
STKS stock results show that The One Group Hospitality beat analyst estimates for earnings per share but missed on revenue for the fourth quarter of 2023.
