NASDAQ$STKS

One Group Hospitality Inc/Th · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

The ONE Group's financial performance improved in Q1 2021 with increased revenues and a return to profitability.

The ONE Group reported a 24% increase in total GAAP revenues to $50.5 million and a net income of $70,000, a significant improvement from the net loss of $4.6 million in the same quarter last year. Comparable sales increased by 3.3%, and adjusted EBITDA rose by 312% to $6.5 million.

  • Total GAAP revenues increased by 24.0% to $50.5 million.
  • Net income attributable to The ONE Group was $70,000, or $0.00 per share, compared to a net loss of $4.6 million, or $0.16 per share, in the prior year.
  • Adjusted EBITDA increased by 312% to $6.5 million.
  • Consolidated comparable sales increased 3.3% for the quarter.

Headline financials

Total Revenue

$50.5M

Previous: $40.7M+24.0%
EPS (adj)

$0.05

Previous: -$0.07+171.4%
Adjusted EBITDA

$6.5M

Previous: $1.6M+306.3%
Capital Expenditures

-$2.62M

Previous: -$791K-230.6%
Free Cash Flow

-$2.55M

Previous: -$5.39M+52.8%
Net Income

$70K

Previous: -$4.6M+101.5%
Operating Income

$857K

Previous: -$4.35M+119.7%
Gross Profit

$10.6M

Previous: $4.11M+157.5%
Cash & Equivalents

$28.4M

Previous: $8.16M+248.5%
Total Assets

$218M

Previous: $196M+11.3%

Revenue & EPS history

One Group Hospitality · Revenue · Quarterly

$50.5M

Q1 2021+24%vs Q1 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

One Group Hospitality · $50.5M total across 2 segments · Q1 2021

  • Owned Restaurant Net Revenue
    $49.2M+27.5%
  • Management, License, Franchise and Incentive Fee Revenue
    $1.31M-39.2%

Forward guidance

The company intends to open thirteen new venues between 2021 and 2022.

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 2021

Historical avgQ1 2021

+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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