NASDAQ$STKS

One Group Hospitality Inc/Th · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported financial results with a decrease in consolidated comparable sales and a net loss due to COVID-19 impact and integration costs.

The ONE Group reported a 78.8% increase in total GAAP revenues to $40.7 million, driven by the acquisition of Kona Grill. However, consolidated comparable sales decreased by 14.1%, and the company experienced a GAAP net loss of $4.6 million, or $0.16 net loss per share, impacted by COVID-19 and integration costs. Adjusted EBITDA decreased 41.4% to $1.6 million.

  • Total GAAP revenues increased 78.8% to $40.7 million.
  • Consolidated comparable sales decreased 14.1%.
  • GAAP net loss attributable to The ONE Group was $4.6 million, or $0.16 net loss per share.
  • Adjusted EBITDA decreased 41.4% to $1.6 million.

Headline financials

Total Revenue

$40.7M

Previous: $22.8M+78.8%
EPS (adj)

-$0.07

Previous: $0.03-333.3%
Consolidated Comparable Sales

-14.1%

No prior period
Adjusted EBITDA

$1.6M

Previous: $2.7M-40.7%
Capital Expenditures

-$791K

Previous: -$2.06M+61.6%
Free Cash Flow

-$5.39M

Previous: -$1.21M-346.9%
Net Income

-$4.6M

Previous: $854K-638.5%
Operating Income

-$4.35M

Previous: $1.13M-483.7%
Gross Profit

$4.11M

Previous: $22.8M-82.0%
Cash & Equivalents

$8.16M

Previous: $1.08M+656.3%
Total Assets

$196M

Previous: $95.6M+105.2%
Stock-Based Comp

$338K

Previous: $181K+86.7%

Revenue & EPS history

One Group Hospitality · Revenue · Quarterly

$40.7M

Q1 2020+78.8%vs Q1 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

One Group Hospitality · $40.7M total across 2 segments · Q1 2020

  • Owned Restaurant Net Revenue
    $38.6M
  • Management, License, Franchise and Incentive Fee Revenue
    $2.16M

Forward guidance

The Company suspended guidance for 2020 due to the negative effect COVID-19 is having on its operations and financial performance, the extent of which is not currently known.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+2.0%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+4.0%

Avg return

30 days after

53%

25 / 47 earnings

Positive

+32.4%

Q2 2020

Best reaction

-18.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%+10.3%-2.2%
Q4 2025+6.4%+6.4%-2.3%
Q3 2025-3.1%-8.2%-0.5%
Q1 2025+0.7%-14.8%-12.4%
Q4 2024+0.8%+8.5%+7.8%
Q3 2024-13.3%-16.3%-9.0%
Q2 2024-15.0%-14.8%-16.9%
Q1 2024-4.5%+9.7%+9.1%
Q4 2023+7.6%+17.1%+47.7%
Q3 2023-0.4%-1.8%+9.7%
Q2 2023-5.2%-5.0%-1.0%
Q1 2023+2.0%-10.9%-4.3%
Q4 2022-3.5%-4.7%-2.6%
Q3 2022-18.7%-26.5%-7.8%
Q2 2022-9.3%-5.5%-19.9%
Q1 2022-0.6%-5.5%-0.1%
Q4 2021+6.2%+14.1%+3.3%
Q3 2021+5.9%+7.0%-15.6%
Q2 2021+20.6%+7.1%+1.7%
Q1 2021+22.6%+14.3%+38.0%
Q4 2020-7.3%-5.2%+7.1%
Q3 2020+22.2%+30.9%+36.1%
Q2 2020+32.4%+16.6%+16.6%
Q1 2020-5.8%-12.3%+43.5%
Q4 2019+28.0%-2.3%+6.1%
Q3 2019+4.1%+1.6%+1.9%
Q2 2019-1.4%-11.3%-8.4%
Q1 2019-3.9%-7.9%-15.8%
Q4 2018-3.0%-0.5%+0.3%
Q3 2018-1.0%-1.7%-21.0%
Q2 2018-2.1%+3.5%+14.0%
Q1 2018+7.6%+10.3%+9.4%
Q4 2017+6.2%+5.0%-9.7%
Q3 2017+4.0%+24.7%+40.0%
Q2 2017+1.1%-0.6%-14.2%
Q1 2017+2.5%+1.1%-4.7%
Q4 2016+9.3%+11.6%+27.7%
Q3 2016+1.7%-1.3%+11.2%
Q2 2016-10.9%-12.4%-6.9%
Q1 2016+1.2%
Q4 2015+9.1%
Q3 2015+4.2%
Q2 2015-6.3%
Q1 2015+0.0%
Q4 2014+0.2%
Q3 2014+0.0%
Q2 2014+0.0%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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